GTE — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($6.51)
DCF	$-36.67	-663.3%
Graham Number	—	—
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$6.51	-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$32.45M

Near-term growth (yrs 1–5)(%)Rev: -3.1% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.35%

Computed WACC: 9.35%

Cost of equity (Re)6.35%(Rf 4.30% + β 0.37 × ERP 5.50%)

Cost of debt (Rd)12.96%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)22.90%

Debt weight (D/V)77.10%

Results

Intrinsic Value / share$-35.83

Current Price$6.51

Upside / Downside-650.5%

Net Debt (used)$724.54M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-36.81	$-40.10	$-43.93	$-48.36	$-53.47
8.0%	$-33.91	$-36.56	$-39.64	$-43.20	$-47.29
9.0%	$-31.90	$-34.11	$-36.67	$-39.62	$-43.02
10.0%	$-30.43	$-32.31	$-34.49	$-37.01	$-39.89
11.0%	$-29.30	$-30.94	$-32.83	$-35.01	$-37.50

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-2.57

Book Value / share($)Yahoo: $10.37

Results

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

Graham Number—

Current Price$6.51

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.35%

Terminal growth rate(%)

Computed WACC: 9.35%

Cost of equity (Re)6.35%(Rf 4.30% + β 0.37 × ERP 5.50%)

Cost of debt (Rd)12.96%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)22.90%

Debt weight (D/V)77.10%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$6.51

Implied Near-term FCF Growth—

Historical Revenue Growth-3.1%

Historical Earnings Growth—

Base FCF (TTM)-$32.45M

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$6.51

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $297.46M

Target EV/EBITDA multipleCurrent: 3.2×

Net Debt($B)Default: $724.54M

Results

Implied Equity Value / share$6.51

Current Price$6.51

Upside / Downside-0.0%

Implied EV$954.26M

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

Mult \ Net Debt	-$1.28B	-$275.46M	$724.54M	$1.72B	$2.72B
-0.8x	$29.46	$1.13	$-27.20	$-55.53	$-83.87
1.2x	$46.32	$17.99	$-10.35	$-38.68	$-67.01
3.2x	$63.17	$34.84	$6.51	$-21.82	$-50.16
5.2x	$80.03	$51.70	$23.36	$-4.97	$-33.30
7.2x	$96.88	$68.55	$40.22	$11.89	$-16.44

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