FFAI — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($0.46)
DCF	$98007.49	+21264271.3%
Graham Number	—	—
Reverse DCF	—	implied g: -9.3%
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: $21.27M

Near-term growth (yrs 1–5)(%)Rev: 311.1% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 13.63%

Computed WACC: 13.63%

Cost of equity (Re)33.31%(Rf 4.30% + β 5.28 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

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

Equity weight (E/V)40.92%

Debt weight (D/V)59.08%

Results

Intrinsic Value / share$40670.48

Current Price$0.46

Upside / Downside+8824043.9%

Net Debt (used)$65.98M

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

WACC \ Near-term	303.1%	307.1%	311.1%	315.1%	319.1%
7.0%	$149712.45	$157289.02	$165169.28	$173362.27	$181877.20
8.0%	$113411.39	$119150.78	$125120.21	$131326.54	$137776.74
9.0%	$88921.72	$93421.69	$98102.03	$102968.11	$108025.39
10.0%	$71467.51	$75084.14	$78845.73	$82756.59	$86821.12
11.0%	$58524.91	$61486.53	$64566.85	$67769.40	$71097.79

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-15.13

Book Value / share($)Yahoo: $-0.48

Results

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

Graham Number—

Current Price$0.46

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 13.63%

Terminal growth rate(%)

Computed WACC: 13.63%

Cost of equity (Re)33.31%(Rf 4.30% + β 5.28 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

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

Equity weight (E/V)40.92%

Debt weight (D/V)59.08%

Results

Current Price$0.46

Implied Near-term FCF Growth-0.8%

Historical Revenue Growth311.1%

Historical Earnings Growth—

Base FCF (TTM)$21.27M

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$0.46

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$121.05M

Target EV/EBITDA multipleCurrent: -1.5×

Net Debt($B)Default: $65.98M

Results

Implied Equity Value / share$0.57

Current Price$0.46

Upside / Downside+22.8%

Implied EV$182.18M

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