FCNCP — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($21.54)
DCF	$-16611000320.00	-77116993229.1%
Graham Number	$1490.73	+6820.7%
Reverse DCF	—	—
DDM	$27.60	+28.2%
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: —

Near-term growth (yrs 1–5)(%)Rev: 6.2% / EPS: -6.9%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Default: 9% (no SEC data)

Results

Intrinsic Value / share$-16611000320.00

Current Price$21.54

Upside / Downside-77116993229.1%

Net Debt (used)$16.61B

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

WACC \ Near-term	-1.8%	2.2%	6.2%	10.2%	14.2%
7.0%	$-16611000320.00	$-16611000320.00	$-16611000320.00	$-16611000320.00	$-16611000320.00
8.0%	$-16611000320.00	$-16611000320.00	$-16611000320.00	$-16611000320.00	$-16611000320.00
9.0%	$-16611000320.00	$-16611000320.00	$-16611000320.00	$-16611000320.00	$-16611000320.00
10.0%	$-16611000320.00	$-16611000320.00	$-16611000320.00	$-16611000320.00	$-16611000320.00
11.0%	$-16611000320.00	$-16611000320.00	$-16611000320.00	$-16611000320.00	$-16611000320.00

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $57.47

Book Value / share($)Yahoo: $1718.65

Results

Graham Number$1490.73

Current Price$21.54

Margin of Safety+6820.7%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Default: 9% (no SEC data)

Terminal growth rate(%)

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$21.54

Implied Near-term FCF Growth—

Historical Revenue Growth6.2%

Historical Earnings Growth-6.9%

Base FCF (TTM)—

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: $1.34

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$27.60

Current Price$21.54

Upside / Downside+28.2%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: $16.61B

Results

Implied Equity Value / share$-16611000320.00

Current Price$21.54

Upside / Downside-77116993229.1%

Implied EV$0

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