KOSS — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($4.10)
DCF	$-0.75	-118.4%
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: -$1.15M

Near-term growth (yrs 1–5)(%)Rev: -19.6% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 12.35%

Computed WACC: 12.35%

Cost of equity (Re)13.13%(Rf 4.30% + β 1.60 × 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)94.08%

Debt weight (D/V)5.92%

Results

Intrinsic Value / share$-0.02

Current Price$4.10

Upside / Downside-100.5%

Net Debt (used)-$13.03M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-0.77	$-1.21	$-1.71	$-2.29	$-2.97
8.0%	$-0.39	$-0.74	$-1.14	$-1.61	$-2.15
9.0%	$-0.12	$-0.42	$-0.75	$-1.14	$-1.59
10.0%	$0.07	$-0.18	$-0.47	$-0.80	$-1.18
11.0%	$0.22	$0.00	$-0.25	$-0.53	$-0.86

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.09

Book Value / share($)Yahoo: $3.20

Results

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

Graham Number—

Current Price$4.10

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 12.35%

Terminal growth rate(%)

Computed WACC: 12.35%

Cost of equity (Re)13.13%(Rf 4.30% + β 1.60 × 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)94.08%

Debt weight (D/V)5.92%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$4.10

Implied Near-term FCF Growth—

Historical Revenue Growth-19.6%

Historical Earnings Growth—

Base FCF (TTM)-$1.15M

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$4.10

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$2.75M

Target EV/EBITDA multipleCurrent: -9.5×

Net Debt($B)Default: -$13.03M

Results

Implied Equity Value / share$4.13

Current Price$4.10

Upside / Downside+0.7%

Implied EV$26.07M

← Overview Financial Statements ← Companies