FSM

FSM — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($13.56)
DCF$7862063433.86+57979818733.8%
Graham Number$10.18-24.9%
Reverse DCFimplied g: -0.5%
DDM
EV/EBITDA$13.75+1.4%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $298.91M
Rev: 38.4% / EPS: 987.1%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$7865364714.39
Current Price$13.56
Upside / Downside+58004164460.4%
Net Debt (used)-$349.45M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term979.1%983.1%987.1%991.1%995.1%
7.0%$12881804597.55$13122332020.03$13366438978.12$13614165277.06$13865551016.10
8.0%$9713149006.02$9894511683.05$10078573404.21$10265364183.47$10454914256.49
9.0%$7580185861.55$7721722114.91$7865364714.39$8011137083.04$8159062816.90
10.0%$6063637843.99$6176857300.97$6291761692.68$6408369755.99$6526700366.13
11.0%$4941989161.90$5034265334.20$5127914762.68$5222952718.24$5319394584.60

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $0.84
Yahoo: $5.49

Results

Graham Number$10.18
Current Price$13.56
Margin of Safety-24.9%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$13.56
Implied Near-term FCF Growth-0.5%
Historical Revenue Growth38.4%
Historical Earnings Growth987.1%
Base FCF (TTM)$298.91M
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: —

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$13.56
Upside / Downside
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $547.69M
Current: 7.0×
Default: -$349.45M

Results

Implied Equity Value / share$13.75
Current Price$13.56
Upside / Downside+1.4%
Implied EV$3.85B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$2.35B-$1.35B-$349.45M$650.55M$1.65B
3.0x$13.13$9.85$6.57$3.30$0.02
5.0x$16.71$13.44$10.16$6.89$3.61
7.0x$20.30$17.03$13.75$10.47$7.20
9.0x$23.89$20.62$17.34$14.06$10.79
11.0x$27.48$24.20$20.93$17.65$14.38