INN — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($4.63)
DCF	$-2.70	-158.4%
Graham Number	—	—
Reverse DCF	—	implied g: 14.5%
DDM	$6.59	+42.4%
EV/EBITDA	$8.29	+79.1%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $61.82M

Near-term growth (yrs 1–5)(%)Rev: 1.2% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 2.91%

Computed WACC: 2.91%

Cost of equity (Re)11.10%(Rf 4.30% + β 1.24 × 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)26.21%

Debt weight (D/V)73.79%

Results

Intrinsic Value / share$147.40

Current Price$4.63

Upside / Downside+3083.5%

Net Debt (used)$1.38B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-2.62	$-0.58	$1.78	$4.52	$7.68
8.0%	$-4.41	$-2.77	$-0.87	$1.33	$3.86
9.0%	$-5.65	$-4.29	$-2.70	$-0.88	$1.22
10.0%	$-6.56	$-5.40	$-4.05	$-2.50	$-0.71
11.0%	$-7.26	$-6.25	$-5.08	$-3.73	$-2.19

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.17

Book Value / share($)Yahoo: $8.14

Results

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

Graham Number—

Current Price$4.63

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 2.91%

Terminal growth rate(%)

Computed WACC: 2.91%

Cost of equity (Re)11.10%(Rf 4.30% + β 1.24 × 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)26.21%

Debt weight (D/V)73.79%

Results

Current Price$4.63

Implied Near-term FCF Growth-20.0%

Historical Revenue Growth1.2%

Historical Earnings Growth—

Base FCF (TTM)$61.82M

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: $0.32

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$6.59

Current Price$4.63

Upside / Downside+42.4%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $209.85M

Target EV/EBITDA multipleCurrent: 10.9×

Net Debt($B)Default: $1.38B

Results

Implied Equity Value / share$8.29

Current Price$4.63

Upside / Downside+79.1%

Implied EV$2.28B

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

Mult \ Net Debt	$1.38B	$1.38B	$1.38B	$1.38B	$1.38B
6.9x	$0.58	$0.58	$0.58	$0.58	$0.58
8.9x	$4.44	$4.44	$4.44	$4.44	$4.44
10.9x	$8.29	$8.29	$8.29	$8.29	$8.29
12.9x	$12.15	$12.15	$12.15	$12.15	$12.15
14.9x	$16.01	$16.01	$16.01	$16.01	$16.01

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