FORA — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($2.08)
DCF	$26.63	+1180.3%
Graham Number	—	—
Reverse DCF	—	implied g: 7.2%
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: $1.82M

Near-term growth (yrs 1–5)(%)Rev: 65.6% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.95%

Computed WACC: 9.95%

Cost of equity (Re)9.95%(Rf 4.30% + β 1.03 × 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)99.97%

Debt weight (D/V)0.03%

Results

Intrinsic Value / share$22.27

Current Price$2.08

Upside / Downside+970.6%

Net Debt (used)-$28.21M

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

WACC \ Near-term	57.6%	61.6%	65.6%	69.6%	73.6%
7.0%	$33.27	$37.55	$42.28	$47.48	$53.19
8.0%	$26.00	$29.31	$32.97	$36.99	$41.41
9.0%	$21.05	$23.70	$26.63	$29.85	$33.39
10.0%	$17.49	$19.67	$22.07	$24.72	$27.62
11.0%	$14.82	$16.64	$18.65	$20.87	$23.29

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.02

Book Value / share($)Yahoo: $1.00

Results

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

Graham Number—

Current Price$2.08

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.95%

Terminal growth rate(%)

Computed WACC: 9.95%

Cost of equity (Re)9.95%(Rf 4.30% + β 1.03 × 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)99.97%

Debt weight (D/V)0.03%

Results

Current Price$2.08

Implied Near-term FCF Growth9.7%

Historical Revenue Growth65.6%

Historical Earnings Growth—

Base FCF (TTM)$1.82M

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$2.08

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$3.55M

Target EV/EBITDA multipleCurrent: -10.2×

Net Debt($B)Default: -$28.21M

Results

Implied Equity Value / share$2.08

Current Price$2.08

Upside / Downside+0.0%

Implied EV$36.42M

← Overview Financial Statements ← Companies