FBYD — Valuation Models

Interactive models with editable assumptions. All calculations run client-side.

Valuation Summary

Model	Intrinsic Value	vs Price ($6.88)
DCF	$-643.90	-9459.1%
Graham Number	—	—
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	—	—

Values reflect default assumptions. Adjust inputs in each model below to update.

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$18.78M

Near-term growth (yrs 1–5)(%)Rev: 95.9% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 1.42%

Computed WACC: 1.42%

Cost of equity (Re)1.26%(Rf 4.30% + β -0.55 × ERP 5.50%)

Cost of debt (Rd)5.36%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)94.73%

Debt weight (D/V)5.27%

Results

Intrinsic Value / share—

Current Price$6.88

Upside / Downside—

Net Debt (used)$14.27M

Sensitivity: WACC (rows) × Near-term g (cols)

WACC \ Near-term	87.9%	91.9%	95.9%	99.9%	103.9%
7.0%	$-853.67	$-948.12	$-1050.78	$-1162.15	$-1282.78
8.0%	$-656.39	$-728.95	$-807.79	$-893.33	$-985.98
9.0%	$-522.51	$-580.20	$-642.89	$-710.90	$-784.56
10.0%	$-426.45	$-473.49	$-524.59	$-580.03	$-640.06
11.0%	$-354.72	$-393.79	$-436.24	$-482.29	$-532.16

2 — Graham Number

Assumptions

MultiplierGraham used 22.5 (15× P/E × 1.5× P/B)

EPS (trailing)($)Yahoo: $-0.26

Book Value / share($)Yahoo: $0.25

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.

Graham Number—

Current Price$6.88

Margin of Safety—

Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 1.42%

Terminal growth rate(%)

Computed WACC: 1.42%

Cost of equity (Re)1.26%(Rf 4.30% + β -0.55 × ERP 5.50%)

Cost of debt (Rd)5.36%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)94.73%

Debt weight (D/V)5.27%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$6.88

Implied Near-term FCF Growth—

Historical Revenue Growth95.9%

Historical Earnings Growth—

Base FCF (TTM)-$18.78M

Implied growth is the FCF growth rate (yrs 1–5) that makes the DCF intrinsic value equal the current price. Long-term growth is set to half the implied near-term rate.

4 — Dividend Discount Model (DDM)

Assumptions

Annual dividend D0($/share)Yahoo: —

Dividend growth rate (g)(%)

Required return (r)(%)

Results

This company does not pay a dividend. DDM is not applicable — the intrinsic value shown uses D0 = $0 unless you enter a hypothetical dividend above.

DDM Intrinsic Value / share—

Current Price$6.88

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$17.52M

Target EV/EBITDA multipleCurrent: -16.1×

Net Debt($B)Default: $14.27M

Results

Implied Equity Value / share$5.51

Current Price$6.88

Upside / Downside-19.8%

Implied EV$281.22M

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