GRND — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($11.25)
DCF	$41.88	+272.3%
Graham Number	—	—
Reverse DCF	—	implied g: 7.6%
DDM	—	—
EV/EBITDA	$11.53	+2.5%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $116.90M

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

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 4.78%

Computed WACC: 4.78%

Cost of equity (Re)5.66%(Rf 4.30% + β 0.25 × 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)84.43%

Debt weight (D/V)15.57%

Results

Intrinsic Value / share$141.64

Current Price$11.25

Upside / Downside+1159.0%

Net Debt (used)$311.39M

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

WACC \ Near-term	21.0%	25.0%	29.0%	33.0%	37.0%
7.0%	$47.57	$55.97	$65.49	$76.25	$88.37
8.0%	$37.38	$43.99	$51.48	$59.94	$69.46
9.0%	$30.40	$35.79	$41.88	$48.76	$56.50
10.0%	$25.34	$29.83	$34.92	$40.66	$47.11
11.0%	$21.51	$25.33	$29.66	$34.53	$40.01

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.37

Book Value / share($)Yahoo: $0.25

Results

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

Graham Number—

Current Price$11.25

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 4.78%

Terminal growth rate(%)

Computed WACC: 4.78%

Cost of equity (Re)5.66%(Rf 4.30% + β 0.25 × 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)84.43%

Debt weight (D/V)15.57%

Results

Current Price$11.25

Implied Near-term FCF Growth-8.1%

Historical Revenue Growth29.0%

Historical Earnings Growth—

Base FCF (TTM)$116.90M

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

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$11.25

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $135.15M

Target EV/EBITDA multipleCurrent: 18.1×

Net Debt($B)Default: $311.39M

Results

Implied Equity Value / share$11.53

Current Price$11.25

Upside / Downside+2.5%

Implied EV$2.44B

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

Mult \ Net Debt	-$1.69B	-$688.61M	$311.39M	$1.31B	$2.31B
14.1x	$19.43	$14.02	$8.60	$3.19	$-2.22
16.1x	$20.89	$15.48	$10.07	$4.65	$-0.76
18.1x	$22.36	$16.94	$11.53	$6.12	$0.70
20.1x	$23.82	$18.41	$12.99	$7.58	$2.17
22.1x	$25.28	$19.87	$14.46	$9.04	$3.63

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