ICON

ICON — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($1.35)
DCF$-4127.77-305860.5%
Graham Number
Reverse DCF
DDM$28.84+2036.3%
EV/EBITDA$0.37-72.7%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: -$4.42M
Rev: 104.6% / EPS: —
Default: 9% (no SEC data)

Results

Intrinsic Value / share$-4127.77
Current Price$1.35
Upside / Downside-305860.5%
Net Debt (used)$30.88M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term96.6%100.6%104.6%108.6%112.6%
7.0%$-5544.64$-6129.26$-6762.33$-7446.80$-8185.75
8.0%$-4258.56$-4706.96$-5192.50$-5717.44$-6284.14
9.0%$-3386.27$-3742.28$-4127.77$-4544.52$-4994.42
10.0%$-2760.89$-3050.68$-3364.44$-3703.64$-4069.80
11.0%$-2294.19$-2534.56$-2794.81$-3076.14$-3379.83

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $-18.04
Yahoo: $30.89

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.
Graham Number
Current Price$1.35
Margin of Safety
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Reverse DCF requires positive TTM free cash flow.
Current Price$1.35
Implied Near-term FCF Growth
Historical Revenue Growth104.6%
Historical Earnings Growth
Base FCF (TTM)-$4.42M
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: $1.40

Results

DDM Intrinsic Value / share$28.84
Current Price$1.35
Upside / Downside+2036.3%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $3.11M
Current: 10.2×
Default: $30.88M

Results

Implied Equity Value / share$0.37
Current Price$1.35
Upside / Downside-72.7%
Implied EV$31.82M
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$1.97B-$969.12M$30.88M$1.03B$2.03B
6.2x$784.12$389.79$-4.54$-398.86$-793.19
8.2x$786.57$392.24$-2.08$-396.41$-790.74
10.2x$789.02$394.70$0.37$-393.96$-788.28
12.2x$791.47$397.15$2.82$-391.50$-785.83
14.2x$793.93$399.60$5.27$-389.05$-783.38