FSUN — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($36.47)
DCF	$21.69	-40.5%
Graham Number	$56.82	+55.8%
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: 10.8% / EPS: 53.8%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.61%

Computed WACC: 5.61%

Cost of equity (Re)5.87%(Rf 4.30% + β 0.29 × 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)95.51%

Debt weight (D/V)4.49%

Results

Intrinsic Value / share$21.69

Current Price$36.47

Upside / Downside-40.5%

Net Debt (used)-$604.75M

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

WACC \ Near-term	45.8%	49.8%	53.8%	57.8%	61.8%
7.0%	$21.69	$21.69	$21.69	$21.69	$21.69
8.0%	$21.69	$21.69	$21.69	$21.69	$21.69
9.0%	$21.69	$21.69	$21.69	$21.69	$21.69
10.0%	$21.69	$21.69	$21.69	$21.69	$21.69
11.0%	$21.69	$21.69	$21.69	$21.69	$21.69

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $3.47

Book Value / share($)Yahoo: $41.36

Results

Graham Number$56.82

Current Price$36.47

Margin of Safety+55.8%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.61%

Terminal growth rate(%)

Computed WACC: 5.61%

Cost of equity (Re)5.87%(Rf 4.30% + β 0.29 × 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)95.51%

Debt weight (D/V)4.49%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$36.47

Implied Near-term FCF Growth—

Historical Revenue Growth10.8%

Historical Earnings Growth53.8%

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$36.47

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: -$604.75M

Results

Implied Equity Value / share$21.69

Current Price$36.47

Upside / Downside-40.5%

Implied EV$0

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