FRSH — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($8.27)
DCF	$22.77	+175.5%
Graham Number	$7.19	-13.1%
Reverse DCF	—	implied g: -8.1%
DDM	—	—
EV/EBITDA	$9.30	+12.5%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $160.13M

Near-term growth (yrs 1–5)(%)Rev: 14.5% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.24%

Computed WACC: 9.24%

Cost of equity (Re)9.40%(Rf 4.30% + β 0.93 × 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)98.27%

Debt weight (D/V)1.73%

Results

Intrinsic Value / share$21.96

Current Price$8.27

Upside / Downside+165.7%

Net Debt (used)-$738.87M

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

WACC \ Near-term	6.5%	10.5%	14.5%	18.5%	22.5%
7.0%	$23.93	$27.90	$32.47	$37.70	$43.67
8.0%	$19.91	$23.07	$26.71	$30.86	$35.60
9.0%	$17.14	$19.74	$22.74	$26.16	$30.05
10.0%	$15.12	$17.32	$19.84	$22.72	$26.00
11.0%	$13.58	$15.47	$17.64	$20.11	$22.93

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.63

Book Value / share($)Yahoo: $3.64

Results

Graham Number$7.19

Current Price$8.27

Margin of Safety-13.1%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.24%

Terminal growth rate(%)

Computed WACC: 9.24%

Cost of equity (Re)9.40%(Rf 4.30% + β 0.93 × 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)98.27%

Debt weight (D/V)1.73%

Results

Current Price$8.27

Implied Near-term FCF Growth-7.5%

Historical Revenue Growth14.5%

Historical Earnings Growth—

Base FCF (TTM)$160.13M

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$8.27

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $32.06M

Target EV/EBITDA multipleCurrent: 48.6×

Net Debt($B)Default: -$738.87M

Results

Implied Equity Value / share$9.30

Current Price$8.27

Upside / Downside+12.5%

Implied EV$1.56B

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

Mult \ Net Debt	-$2.74B	-$1.74B	-$738.87M	$261.13M	$1.26B
44.6x	$16.87	$12.82	$8.78	$4.73	$0.68
46.6x	$17.13	$13.08	$9.04	$4.99	$0.94
48.6x	$17.39	$13.34	$9.30	$5.25	$1.20
50.6x	$17.65	$13.60	$9.55	$5.51	$1.46
52.6x	$17.91	$13.86	$9.81	$5.77	$1.72

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