JVA — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($3.00)
DCF	$-88.75	-3063.1%
Graham Number	$5.21	+74.1%
Reverse DCF	—	—
DDM	$1.65	-45.0%
EV/EBITDA	$3.06	+2.2%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$6.57M

Near-term growth (yrs 1–5)(%)Rev: 30.8% / EPS: -35.7%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.99%

Computed WACC: 8.99%

Cost of equity (Re)13.41%(Rf 4.30% + β 1.66 × 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)67.08%

Debt weight (D/V)32.92%

Results

Intrinsic Value / share$-88.91

Current Price$3.00

Upside / Downside-3068.6%

Net Debt (used)$7.69M

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

WACC \ Near-term	22.8%	26.8%	30.8%	34.8%	38.8%
7.0%	$-100.83	$-117.58	$-136.53	$-157.92	$-181.96
8.0%	$-80.13	$-93.28	$-108.17	$-124.96	$-143.82
9.0%	$-65.94	$-76.64	$-88.75	$-102.39	$-117.71
10.0%	$-55.66	$-64.58	$-74.67	$-86.03	$-98.79
11.0%	$-47.89	$-55.47	$-64.03	$-73.68	$-84.51

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.25

Book Value / share($)Yahoo: $4.83

Results

Graham Number$5.21

Current Price$3.00

Margin of Safety+74.1%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.99%

Terminal growth rate(%)

Computed WACC: 8.99%

Cost of equity (Re)13.41%(Rf 4.30% + β 1.66 × 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)67.08%

Debt weight (D/V)32.92%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$3.00

Implied Near-term FCF Growth—

Historical Revenue Growth30.8%

Historical Earnings Growth-35.7%

Base FCF (TTM)-$6.57M

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: $0.08

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$1.65

Current Price$3.00

Upside / Downside-45.0%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $2.85M

Target EV/EBITDA multipleCurrent: 8.8×

Net Debt($B)Default: $7.69M

Results

Implied Equity Value / share$3.06

Current Price$3.00

Upside / Downside+2.2%

Implied EV$25.16M

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

Mult \ Net Debt	-$1.99B	-$992.31M	$7.69M	$1.01B	$2.01B
4.8x	$351.41	$176.24	$1.06	$-174.11	$-349.29
6.8x	$352.41	$177.24	$2.06	$-173.11	$-348.29
8.8x	$353.41	$178.23	$3.06	$-172.11	$-347.29
10.8x	$354.41	$179.23	$4.06	$-171.12	$-346.29
12.8x	$355.41	$180.23	$5.06	$-170.12	$-345.29

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