IDR — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($42.84)
DCF	$-98.90	-330.8%
Graham Number	$8.99	-79.0%
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$43.24	+0.9%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$1.85M

Near-term growth (yrs 1–5)(%)Rev: 80.1% / EPS: 66.7%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.27%

Computed WACC: 9.27%

Cost of equity (Re)9.32%(Rf 4.30% + β 0.91 × 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)99.56%

Debt weight (D/V)0.44%

Results

Intrinsic Value / share$-93.57

Current Price$42.84

Upside / Downside-318.4%

Net Debt (used)-$25.70M

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

WACC \ Near-term	72.1%	76.1%	80.1%	84.1%	88.1%
7.0%	$-128.73	$-144.51	$-161.79	$-180.67	$-201.26
8.0%	$-98.96	$-111.13	$-124.44	$-138.99	$-154.85
9.0%	$-78.74	$-88.44	$-99.06	$-110.66	$-123.31
10.0%	$-64.20	$-72.14	$-80.83	$-90.31	$-100.66
11.0%	$-53.33	$-59.95	$-67.19	$-75.09	$-83.71

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.73

Book Value / share($)Yahoo: $4.92

Results

Graham Number$8.99

Current Price$42.84

Margin of Safety-79.0%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.27%

Terminal growth rate(%)

Computed WACC: 9.27%

Cost of equity (Re)9.32%(Rf 4.30% + β 0.91 × 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)99.56%

Debt weight (D/V)0.44%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$42.84

Implied Near-term FCF Growth—

Historical Revenue Growth80.1%

Historical Earnings Growth66.7%

Base FCF (TTM)-$1.85M

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$42.84

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $11.79M

Target EV/EBITDA multipleCurrent: 55.0×

Net Debt($B)Default: -$25.70M

Results

Implied Equity Value / share$43.24

Current Price$42.84

Upside / Downside+0.9%

Implied EV$648.56M

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

Mult \ Net Debt	-$2.03B	-$1.03B	-$25.70M	$974.30M	$1.97B
51.0x	$168.48	$104.35	$40.22	$-23.92	$-88.05
53.0x	$170.00	$105.86	$41.73	$-22.40	$-86.54
55.0x	$171.51	$107.38	$43.24	$-20.89	$-85.03
57.0x	$173.02	$108.89	$44.76	$-19.38	$-83.51
59.0x	$174.54	$110.40	$46.27	$-17.87	$-82.00

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