FTAIN

FTAIN — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($25.66)
DCF$-68198159062.68-265795827003.3%
Graham Number
Reverse DCF
DDM$42.64+66.2%
EV/EBITDA$2631628143.49+10256519843.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: -$772.45M
Rev: 32.7% / EPS: 29.8%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$-68312224261.16
Current Price$25.66
Upside / Downside-266240385246.1%
Net Debt (used)$3.20B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term24.7%28.7%32.7%36.7%40.7%
7.0%$-77848086381.60$-90238700176.65$-104243635732.61$-120016755131.75$-137721427714.10
8.0%$-62206158723.80$-71929362426.07$-82914474293.88$-95281516946.57$-109157919559.26
9.0%$-51494032005.20$-59392618358.70$-68312224261.16$-78349752866.34$-89608079148.84
10.0%$-43731636783.76$-50309798756.27$-57734802154.26$-66086842432.67$-75451050428.93
11.0%$-37871360292.92$-43454149538.12$-49752603258.17$-56834341719.45$-64771140820.29

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $-3.47
Yahoo: $3.26

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.
Graham Number
Current Price$25.66
Margin of Safety
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Reverse DCF requires positive TTM free cash flow.
Current Price$25.66
Implied Near-term FCF Growth
Historical Revenue Growth32.7%
Historical Earnings Growth29.8%
Base FCF (TTM)-$772.45M
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: $2.07

Results

DDM Intrinsic Value / share$42.64
Current Price$25.66
Upside / Downside+66.2%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $1.00B
Current: 5.8×
Default: $3.20B

Results

Implied Equity Value / share$2631628143.49
Current Price$25.66
Upside / Downside+10256519843.0%
Implied EV$5.83B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$1.20B$2.20B$3.20B$4.20B$5.20B
1.8x$622104175.49$-377895824.51$-1377895824.51$-2377895824.51$-3377895824.51
3.8x$2626866159.49$1626866159.49$626866159.49$-373133840.51$-1373133840.51
5.8x$4631628143.49$3631628143.49$2631628143.49$1631628143.49$631628143.49
7.8x$6636390127.49$5636390127.49$4636390127.49$3636390127.49$2636390127.49
9.8x$8641152111.49$7641152111.49$6641152111.49$5641152111.49$4641152111.49