FVR

FVR — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($16.56)
DCF$19.54+18.0%
Graham Number
Reverse DCFimplied g: 3.7%
DDM$17.72+7.0%
EV/EBITDA$21.33+28.8%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $41.90M
Rev: 5.3% / EPS: —
Default: 9% (no SEC data)

Results

Intrinsic Value / share$19.48
Current Price$16.56
Upside / Downside+17.7%
Net Debt (used)$316.63M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-2.7%1.3%5.3%9.3%13.3%
7.0%$19.83$26.72$34.73$44.00$54.68
8.0%$13.74$19.28$25.72$33.16$41.72
9.0%$9.52$14.13$19.48$25.66$32.75
10.0%$6.42$10.36$14.91$20.17$26.19
11.0%$4.05$7.47$11.42$15.97$21.18

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $-0.22
Yahoo: $17.69

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.
Graham Number
Current Price$16.56
Margin of Safety
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$16.56
Implied Near-term FCF Growth3.7%
Historical Revenue Growth5.3%
Historical Earnings Growth
Base FCF (TTM)$41.90M
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: $0.86

Results

DDM Intrinsic Value / share$17.72
Current Price$16.56
Upside / Downside+7.0%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $49.03M
Current: 16.1×
Default: $316.63M

Results

Implied Equity Value / share$21.33
Current Price$16.56
Upside / Downside+28.8%
Implied EV$788.37M
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$1.68B-$683.37M$316.63M$1.32B$2.32B
12.1x$102.92$57.69$12.46$-32.76$-77.99
14.1x$107.35$62.13$16.90$-28.33$-73.55
16.1x$111.79$66.56$21.33$-23.89$-69.12
18.1x$116.22$71.00$25.77$-19.46$-64.68
20.1x$120.66$75.43$30.20$-15.02$-60.25