FLG — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($12.88)
DCF	$-16.14	-225.3%
Graham Number	—	—
Reverse DCF	—	—
DDM	$0.82	-93.6%
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: 15.4% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 3.05%

Computed WACC: 3.05%

Cost of equity (Re)10.25%(Rf 4.30% + β 1.08 × 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)29.78%

Debt weight (D/V)70.22%

Results

Intrinsic Value / share$-16.14

Current Price$12.88

Upside / Downside-225.3%

Net Debt (used)$6.71B

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

WACC \ Near-term	7.4%	11.4%	15.4%	19.4%	23.4%
7.0%	$-16.14	$-16.14	$-16.14	$-16.14	$-16.14
8.0%	$-16.14	$-16.14	$-16.14	$-16.14	$-16.14
9.0%	$-16.14	$-16.14	$-16.14	$-16.14	$-16.14
10.0%	$-16.14	$-16.14	$-16.14	$-16.14	$-16.14
11.0%	$-16.14	$-16.14	$-16.14	$-16.14	$-16.14

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.50

Book Value / share($)Yahoo: $18.37

Results

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

Graham Number—

Current Price$12.88

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 3.05%

Terminal growth rate(%)

Computed WACC: 3.05%

Cost of equity (Re)10.25%(Rf 4.30% + β 1.08 × 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)29.78%

Debt weight (D/V)70.22%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$12.88

Implied Near-term FCF Growth—

Historical Revenue Growth15.4%

Historical Earnings Growth—

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: $0.04

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$0.82

Current Price$12.88

Upside / Downside-93.6%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: $6.71B

Results

Implied Equity Value / share$-16.14

Current Price$12.88

Upside / Downside-225.3%

Implied EV$0

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