FTFT — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($1.39)
DCF	$-40.27	-2996.8%
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: -$3.45M

Near-term growth (yrs 1–5)(%)Rev: 29.0% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 10.26%

Computed WACC: 10.26%

Cost of equity (Re)13.05%(Rf 4.30% + β 1.59 × ERP 5.50%)

Cost of debt (Rd)3.09%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)73.69%

Debt weight (D/V)26.31%

Results

Intrinsic Value / share$-31.11

Current Price$1.39

Upside / Downside-2338.3%

Net Debt (used)-$34.51M

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

WACC \ Near-term	21.0%	25.0%	29.0%	33.0%	37.0%
7.0%	$-46.41	$-55.49	$-65.79	$-77.43	$-90.52
8.0%	$-35.41	$-42.55	$-50.64	$-59.79	$-70.08
9.0%	$-27.86	$-33.68	$-40.27	$-47.70	$-56.07
10.0%	$-22.38	$-27.24	$-32.74	$-38.94	$-45.92
11.0%	$-18.25	$-22.38	$-27.05	$-32.32	$-38.25

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-80.52

Book Value / share($)Yahoo: $8.61

Results

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

Graham Number—

Current Price$1.39

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 10.26%

Terminal growth rate(%)

Computed WACC: 10.26%

Cost of equity (Re)13.05%(Rf 4.30% + β 1.59 × ERP 5.50%)

Cost of debt (Rd)3.09%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)73.69%

Debt weight (D/V)26.31%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$1.39

Implied Near-term FCF Growth—

Historical Revenue Growth29.0%

Historical Earnings Growth—

Base FCF (TTM)-$3.45M

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

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$1.39

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$35.20M

Target EV/EBITDA multipleCurrent: 0.8×

Net Debt($B)Default: -$34.51M

Results

Implied Equity Value / share$1.39

Current Price$1.39

Upside / Downside-0.1%

Implied EV-$27.49M

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