FRA

FRA — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($11.14)
DCF$4.40-60.5%
Graham Number$15.62+40.2%
Reverse DCFimplied g: 15.2%
DDM$30.69+175.5%
EV/EBITDA

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $16.75M
Rev: -19.6% / EPS: -43.7%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$4.40
Current Price$11.14
Upside / Downside-60.5%
Net Debt (used)$137.97M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-3.0%1.0%5.0%9.0%13.0%
7.0%$4.48$6.17$8.14$10.42$13.04
8.0%$2.99$4.35$5.93$7.76$9.86
9.0%$1.95$3.09$4.40$5.92$7.67
10.0%$1.20$2.16$3.29$4.58$6.06
11.0%$0.62$1.46$2.43$3.55$4.83

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $0.87
Yahoo: $12.46

Results

Graham Number$15.62
Current Price$11.14
Margin of Safety+40.2%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$11.14
Implied Near-term FCF Growth15.2%
Historical Revenue Growth-19.6%
Historical Earnings Growth-43.7%
Base FCF (TTM)$16.75M
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

Yahoo: $1.49

Results

DDM Intrinsic Value / share$30.69
Current Price$11.14
Upside / Downside+175.5%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: —
Current: —×
Default: $137.97M

Results

Implied Equity Value / share$-3.89
Current Price$11.14
Upside / Downside-135.0%
Implied EV$0