GPRE — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($13.94)
DCF	$18.04	+29.4%
Graham Number	—	—
Reverse DCF	—	implied g: 1.5%
DDM	—	—
EV/EBITDA	$14.02	+0.6%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $87.86M

Near-term growth (yrs 1–5)(%)Rev: -26.6% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.54%

Computed WACC: 8.54%

Cost of equity (Re)12.61%(Rf 4.30% + β 1.51 × 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)67.69%

Debt weight (D/V)32.31%

Results

Intrinsic Value / share$19.75

Current Price$13.94

Upside / Downside+41.6%

Net Debt (used)$282.39M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$18.23	$22.74	$27.98	$34.04	$41.03
8.0%	$14.27	$17.90	$22.11	$26.98	$32.58
9.0%	$11.52	$14.54	$18.04	$22.09	$26.73
10.0%	$9.51	$12.08	$15.06	$18.50	$22.45
11.0%	$7.96	$10.20	$12.79	$15.77	$19.18

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-1.80

Book Value / share($)Yahoo: $10.97

Results

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

Graham Number—

Current Price$13.94

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.54%

Terminal growth rate(%)

Computed WACC: 8.54%

Cost of equity (Re)12.61%(Rf 4.30% + β 1.51 × 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)67.69%

Debt weight (D/V)32.31%

Results

Current Price$13.94

Implied Near-term FCF Growth0.3%

Historical Revenue Growth-26.6%

Historical Earnings Growth—

Base FCF (TTM)$87.86M

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$13.94

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $35.88M

Target EV/EBITDA multipleCurrent: 35.2×

Net Debt($B)Default: $282.39M

Results

Implied Equity Value / share$14.02

Current Price$13.94

Upside / Downside+0.6%

Implied EV$1.26B

Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)

Mult \ Net Debt	-$1.72B	-$717.61M	$282.39M	$1.28B	$2.28B
31.2x	$40.60	$26.29	$11.97	$-2.35	$-16.67
33.2x	$41.63	$27.31	$12.99	$-1.32	$-15.64
35.2x	$42.66	$28.34	$14.02	$-0.30	$-14.62
37.2x	$43.69	$29.37	$15.05	$0.73	$-13.59
39.2x	$44.71	$30.40	$16.08	$1.76	$-12.56

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