JCTC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($1.79)
DCF	$-21.85	-1320.4%
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: -$4.20M

Near-term growth (yrs 1–5)(%)Rev: -6.6% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 3.03%

Computed WACC: 3.03%

Cost of equity (Re)5.06%(Rf 4.30% + β 0.14 × 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)59.81%

Debt weight (D/V)40.19%

Results

Intrinsic Value / share$-260.77

Current Price$1.79

Upside / Downside-14668.2%

Net Debt (used)$3.20M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-22.03	$-26.30	$-31.26	$-37.01	$-43.64
8.0%	$-18.27	$-21.70	$-25.70	$-30.31	$-35.62
9.0%	$-15.66	$-18.53	$-21.85	$-25.68	$-30.08
10.0%	$-13.75	$-16.19	$-19.02	$-22.28	$-26.02
11.0%	$-12.29	$-14.41	$-16.86	$-19.69	$-22.93

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-2.11

Book Value / share($)Yahoo: $4.79

Results

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

Graham Number—

Current Price$1.79

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 3.03%

Terminal growth rate(%)

Computed WACC: 3.03%

Cost of equity (Re)5.06%(Rf 4.30% + β 0.14 × 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)59.81%

Debt weight (D/V)40.19%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$1.79

Implied Near-term FCF Growth—

Historical Revenue Growth-6.6%

Historical Earnings Growth—

Base FCF (TTM)-$4.20M

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$1.79

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$6.36M

Target EV/EBITDA multipleCurrent: -1.5×

Net Debt($B)Default: $3.20M

Results

Implied Equity Value / share$1.79

Current Price$1.79

Upside / Downside+0.0%

Implied EV$9.50M

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