GRFS

GRFS — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($8.66)
DCF$555.87+6318.9%
Graham Number$11.29+30.4%
Reverse DCFimplied g: -3.3%
DDM$3.71-57.2%
EV/EBITDA$31.86+267.8%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $1.03B
Rev: 0.3% / EPS: 43.5%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$556.90
Current Price$8.66
Upside / Downside+6330.8%
Net Debt (used)$8.79B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term35.5%39.5%43.5%47.5%51.5%
7.0%$668.27$776.11$896.93$1031.85$1182.08
8.0%$516.53$600.67$694.89$800.09$917.19
9.0%$412.88$480.83$556.90$641.81$736.31
10.0%$337.99$394.25$457.22$527.48$605.66
11.0%$281.61$329.09$382.21$441.46$507.37

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $0.63
Yahoo: $8.99

Results

Graham Number$11.29
Current Price$8.66
Margin of Safety+30.4%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$8.66
Implied Near-term FCF Growth-3.3%
Historical Revenue Growth0.3%
Historical Earnings Growth43.5%
Base FCF (TTM)$1.03B
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: $0.18

Results

DDM Intrinsic Value / share$3.71
Current Price$8.66
Upside / Downside-57.2%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $1.70B
Current: 10.0×
Default: $8.79B

Results

Implied Equity Value / share$31.86
Current Price$8.66
Upside / Downside+267.8%
Implied EV$17.02B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$4.79B$6.79B$8.79B$10.79B$12.79B
6.0x$21.06$13.31$5.56$-2.18$-9.93
8.0x$34.20$26.46$18.71$10.96$3.22
10.0x$47.35$39.60$31.86$24.11$16.37
12.0x$60.49$52.75$45.00$37.26$29.51
14.0x$73.64$65.89$58.15$50.40$42.66