JRVR — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($7.13)
DCF	$4.84	-32.1%
Graham Number	—	—
Reverse DCF	—	implied g: 10.6%
DDM	$0.82	-88.4%
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $15.44M

Near-term growth (yrs 1–5)(%)Rev: -9.8% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.00%

Computed WACC: 5.00%

Cost of equity (Re)4.09%(Rf 4.30% + β -0.04 × ERP 5.50%)

Cost of debt (Rd)7.48%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)49.84%

Debt weight (D/V)50.16%

Results

Intrinsic Value / share$14.40

Current Price$7.13

Upside / Downside+101.9%

Net Debt (used)$48.49M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$4.89	$6.10	$7.49	$9.11	$10.98
8.0%	$3.83	$4.80	$5.93	$7.23	$8.72
9.0%	$3.10	$3.91	$4.84	$5.92	$7.16
10.0%	$2.56	$3.25	$4.05	$4.97	$6.02
11.0%	$2.15	$2.75	$3.44	$4.23	$5.15

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-2.14

Book Value / share($)Yahoo: $10.96

Results

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

Graham Number—

Current Price$7.13

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.00%

Terminal growth rate(%)

Computed WACC: 5.00%

Cost of equity (Re)4.09%(Rf 4.30% + β -0.04 × ERP 5.50%)

Cost of debt (Rd)7.48%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)49.84%

Debt weight (D/V)50.16%

Results

Current Price$7.13

Implied Near-term FCF Growth-4.4%

Historical Revenue Growth-9.8%

Historical Earnings Growth—

Base FCF (TTM)$15.44M

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: $0.04

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$0.82

Current Price$7.13

Upside / Downside-88.4%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$22.65M

Target EV/EBITDA multipleCurrent: -22.5×

Net Debt($B)Default: $48.49M

Results

Implied Equity Value / share$10.03

Current Price$7.13

Upside / Downside+40.6%

Implied EV$509.34M

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