FPI — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($13.04)
DCF	$-22.49	-272.5%
Graham Number	$17.45	+33.8%
Reverse DCF	—	—
DDM	$7.42	-43.1%
EV/EBITDA	$14.91	+14.3%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$46.58M

Near-term growth (yrs 1–5)(%)Rev: -2.9% / EPS: -73.1%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.83%

Computed WACC: 6.83%

Cost of equity (Re)8.71%(Rf 4.30% + β 0.80 × 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)78.44%

Debt weight (D/V)21.56%

Results

Intrinsic Value / share$-32.12

Current Price$13.04

Upside / Downside-346.3%

Net Debt (used)$151.58M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-22.65	$-26.52	$-31.03	$-36.24	$-42.24
8.0%	$-19.25	$-22.36	$-25.98	$-30.16	$-34.98
9.0%	$-16.89	$-19.48	$-22.49	$-25.96	$-29.95
10.0%	$-15.16	$-17.37	$-19.93	$-22.89	$-26.28
11.0%	$-13.83	$-15.75	$-17.98	$-20.54	$-23.47

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.26

Book Value / share($)Yahoo: $10.73

Results

Graham Number$17.45

Current Price$13.04

Margin of Safety+33.8%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.83%

Terminal growth rate(%)

Computed WACC: 6.83%

Cost of equity (Re)8.71%(Rf 4.30% + β 0.80 × 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)78.44%

Debt weight (D/V)21.56%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$13.04

Implied Near-term FCF Growth—

Historical Revenue Growth-2.9%

Historical Earnings Growth-73.1%

Base FCF (TTM)-$46.58M

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: $0.36

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$7.42

Current Price$13.04

Upside / Downside-43.1%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $27.42M

Target EV/EBITDA multipleCurrent: 29.0×

Net Debt($B)Default: $151.58M

Results

Implied Equity Value / share$14.91

Current Price$13.04

Upside / Downside+14.3%

Implied EV$794.00M

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

Mult \ Net Debt	-$1.85B	-$848.42M	$151.58M	$1.15B	$2.15B
25.0x	$58.77	$35.56	$12.36	$-10.84	$-34.04
27.0x	$60.04	$36.84	$13.63	$-9.57	$-32.77
29.0x	$61.31	$38.11	$14.91	$-8.30	$-31.50
31.0x	$62.58	$39.38	$16.18	$-7.02	$-30.23
33.0x	$63.86	$40.65	$17.45	$-5.75	$-28.96

← Overview Financial Statements ← Companies