FKWL — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($3.81)
DCF	$-6499.04	-170678.4%
Graham Number	$1.16	-69.6%
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: -$11.02M

Near-term growth (yrs 1–5)(%)Rev: -33.1% / EPS: 133.3%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.40%

Computed WACC: 5.40%

Cost of equity (Re)5.55%(Rf 4.30% + β 0.23 × 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)97.41%

Debt weight (D/V)2.59%

Results

Intrinsic Value / share$-18607.41

Current Price$3.81

Upside / Downside-488483.4%

Net Debt (used)-$32.43M

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

WACC \ Near-term	125.3%	129.3%	133.3%	137.3%	141.3%
7.0%	$-9015.49	$-9843.92	$-10732.17	$-11683.41	$-12700.94
8.0%	$-6890.90	$-7523.94	$-8202.68	$-8929.54	$-9707.05
9.0%	$-5452.13	$-5952.86	$-6489.73	$-7064.65	$-7679.62
10.0%	$-4422.39	$-4828.43	$-5263.77	$-5729.96	$-6228.61
11.0%	$-3655.36	$-3990.88	$-4350.59	$-4735.79	$-5147.81

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.02

Book Value / share($)Yahoo: $2.98

Results

Graham Number$1.16

Current Price$3.81

Margin of Safety-69.6%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.40%

Terminal growth rate(%)

Computed WACC: 5.40%

Cost of equity (Re)5.55%(Rf 4.30% + β 0.23 × 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)97.41%

Debt weight (D/V)2.59%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$3.81

Implied Near-term FCF Growth—

Historical Revenue Growth-33.1%

Historical Earnings Growth133.3%

Base FCF (TTM)-$11.02M

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$3.81

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$1.89M

Target EV/EBITDA multipleCurrent: -8.3×

Net Debt($B)Default: -$32.43M

Results

Implied Equity Value / share$4.08

Current Price$3.81

Upside / Downside+7.0%

Implied EV$15.60M

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