ICCC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($6.54)
DCF	$-0.90	-113.8%
Graham Number	$4.56	-30.3%
Reverse DCF	—	implied g: 78.5%
DDM	—	—
EV/EBITDA	$6.54	-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $87,322

Near-term growth (yrs 1–5)(%)Rev: -8.4% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 4.83%

Computed WACC: 4.83%

Cost of equity (Re)5.94%(Rf 4.30% + β 0.30 × 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)81.30%

Debt weight (D/V)18.70%

Results

Intrinsic Value / share$-0.60

Current Price$6.54

Upside / Downside-109.1%

Net Debt (used)$9.72M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-0.90	$-0.87	$-0.83	$-0.78	$-0.73
8.0%	$-0.93	$-0.91	$-0.87	$-0.84	$-0.79
9.0%	$-0.96	$-0.93	$-0.90	$-0.87	$-0.84
10.0%	$-0.97	$-0.95	$-0.93	$-0.90	$-0.87
11.0%	$-0.98	$-0.97	$-0.95	$-0.92	$-0.90

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.28

Book Value / share($)Yahoo: $3.29

Results

Graham Number$4.56

Current Price$6.54

Margin of Safety-30.3%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 4.83%

Terminal growth rate(%)

Computed WACC: 4.83%

Cost of equity (Re)5.94%(Rf 4.30% + β 0.30 × 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)81.30%

Debt weight (D/V)18.70%

Results

Current Price$6.54

Implied Near-term FCF Growth52.2%

Historical Revenue Growth-8.4%

Historical Earnings Growth—

Base FCF (TTM)$87,322

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$6.54

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $5.43M

Target EV/EBITDA multipleCurrent: 12.7×

Net Debt($B)Default: $9.72M

Results

Implied Equity Value / share$6.54

Current Price$6.54

Upside / Downside-0.0%

Implied EV$68.88M

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

Mult \ Net Debt	-$1.99B	-$990.28M	$9.72M	$1.01B	$2.01B
8.7x	$225.23	$114.69	$4.14	$-106.41	$-216.96
10.7x	$226.43	$115.89	$5.34	$-105.21	$-215.76
12.7x	$227.64	$117.09	$6.54	$-104.01	$-214.56
14.7x	$228.84	$118.29	$7.74	$-102.81	$-213.35
16.7x	$230.04	$119.49	$8.94	$-101.61	$-212.15

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