FGI — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($5.27)
DCF	$-7.95	-250.8%
Graham Number	—	—
Reverse DCF	—	implied g: 28.5%
DDM	—	—
EV/EBITDA	$4.60	-12.8%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $512,921

Near-term growth (yrs 1–5)(%)Rev: -0.7% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 3.41%

Computed WACC: 3.41%

Cost of equity (Re)12.22%(Rf 4.30% + β 1.44 × 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)27.90%

Debt weight (D/V)72.10%

Results

Intrinsic Value / share$21.27

Current Price$5.27

Upside / Downside+303.5%

Net Debt (used)$24.25M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-7.90	$-6.95	$-5.83	$-4.54	$-3.06
8.0%	$-8.75	$-7.98	$-7.08	$-6.05	$-4.86
9.0%	$-9.33	$-8.69	$-7.95	$-7.09	$-6.10
10.0%	$-9.76	$-9.21	$-8.58	$-7.85	$-7.01
11.0%	$-10.09	$-9.61	$-9.06	$-8.43	$-7.70

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-2.06

Book Value / share($)Yahoo: $10.29

Results

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

Graham Number—

Current Price$5.27

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 3.41%

Terminal growth rate(%)

Computed WACC: 3.41%

Cost of equity (Re)12.22%(Rf 4.30% + β 1.44 × 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)27.90%

Debt weight (D/V)72.10%

Results

Current Price$5.27

Implied Near-term FCF Growth-3.9%

Historical Revenue Growth-0.7%

Historical Earnings Growth—

Base FCF (TTM)$512,921

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$5.27

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $183,538

Target EV/EBITDA multipleCurrent: 180.1×

Net Debt($B)Default: $24.25M

Results

Implied Equity Value / share$4.60

Current Price$5.27

Upside / Downside-12.8%

Implied EV$33.06M

Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)

Mult \ Net Debt	-$1.98B	-$975.75M	$24.25M	$1.02B	$2.02B
176.1x	$1046.80	$525.50	$4.21	$-517.08	$-1038.37
178.1x	$1046.99	$525.70	$4.40	$-516.89	$-1038.18
180.1x	$1047.18	$525.89	$4.60	$-516.70	$-1037.99
182.1x	$1047.37	$526.08	$4.79	$-516.50	$-1037.80
184.1x	$1047.56	$526.27	$4.98	$-516.31	$-1037.61

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