FSEA — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($13.04)
DCF	$-8.44	-164.7%
Graham Number	—	—
Reverse DCF	—	—
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: —

Near-term growth (yrs 1–5)(%)Rev: 19.8% / EPS: 700.0%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 2.17%

Computed WACC: 2.17%

Cost of equity (Re)4.26%(Rf 4.30% + β -0.01 × 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)51.03%

Debt weight (D/V)48.97%

Results

Intrinsic Value / share—

Current Price$13.04

Upside / Downside—

Net Debt (used)$39.65M

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

WACC \ Near-term	692.0%	696.0%	700.0%	704.0%	708.0%
7.0%	$-8.44	$-8.44	$-8.44	$-8.44	$-8.44
8.0%	$-8.44	$-8.44	$-8.44	$-8.44	$-8.44
9.0%	$-8.44	$-8.44	$-8.44	$-8.44	$-8.44
10.0%	$-8.44	$-8.44	$-8.44	$-8.44	$-8.44
11.0%	$-8.44	$-8.44	$-8.44	$-8.44	$-8.44

2 — Graham Number

Assumptions

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

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

Book Value / share($)Yahoo: $14.50

Results

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

Graham Number—

Current Price$13.04

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 2.17%

Terminal growth rate(%)

Computed WACC: 2.17%

Cost of equity (Re)4.26%(Rf 4.30% + β -0.01 × 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)51.03%

Debt weight (D/V)48.97%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$13.04

Implied Near-term FCF Growth—

Historical Revenue Growth19.8%

Historical Earnings Growth700.0%

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: —

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$13.04

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: $39.65M

Results

Implied Equity Value / share$-8.44

Current Price$13.04

Upside / Downside-164.7%

Implied EV$0

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