IXHL — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($3.82)
DCF	$-8.08	-311.6%
Graham Number	—	—
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$9.41M

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

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 18.96%

Computed WACC: 18.96%

Cost of equity (Re)19.02%(Rf 4.30% + β 2.68 × 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)99.64%

Debt weight (D/V)0.36%

Results

Intrinsic Value / share$0.37

Current Price$3.82

Upside / Downside-90.2%

Net Debt (used)-$68.74M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-8.20	$-11.03	$-14.31	$-18.11	$-22.49
8.0%	$-5.72	$-7.99	$-10.63	$-13.68	$-17.19
9.0%	$-4.00	$-5.89	$-8.08	$-10.62	$-13.53
10.0%	$-2.73	$-4.35	$-6.22	$-8.37	$-10.84
11.0%	$-1.77	$-3.17	$-4.79	$-6.66	$-8.80

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-22.20

Book Value / share($)Yahoo: $6.13

Results

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

Graham Number—

Current Price$3.82

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 18.96%

Terminal growth rate(%)

Computed WACC: 18.96%

Cost of equity (Re)19.02%(Rf 4.30% + β 2.68 × 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)99.64%

Debt weight (D/V)0.36%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$3.82

Implied Near-term FCF Growth—

Historical Revenue Growth—

Historical Earnings Growth—

Base FCF (TTM)-$9.41M

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$3.82

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$25.38M

Target EV/EBITDA multipleCurrent: 0.9×

Net Debt($B)Default: -$68.74M

Results

Implied Equity Value / share$3.82

Current Price$3.82

Upside / Downside+0.0%

Implied EV-$23.10M

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