KRUS — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($71.19)
DCF	$-101.20	-242.1%
Graham Number	—	—
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$77.60	+9.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$33.32M

Near-term growth (yrs 1–5)(%)Rev: 14.0% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 11.18%

Computed WACC: 11.18%

Cost of equity (Re)13.60%(Rf 4.30% + β 1.69 × ERP 5.50%)

Cost of debt (Rd)0.04%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)82.14%

Debt weight (D/V)17.86%

Results

Intrinsic Value / share$-76.79

Current Price$71.19

Upside / Downside-207.9%

Net Debt (used)$136.71M

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

WACC \ Near-term	6.0%	10.0%	14.0%	18.0%	22.0%
7.0%	$-106.37	$-124.27	$-144.87	$-168.49	$-195.44
8.0%	$-88.36	$-102.61	$-119.01	$-137.79	$-159.20
9.0%	$-75.94	$-87.69	$-101.20	$-116.65	$-134.25
10.0%	$-66.88	$-76.80	$-88.20	$-101.23	$-116.06
11.0%	$-59.98	$-68.52	$-78.32	$-89.51	$-102.24

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.33

Book Value / share($)Yahoo: $18.93

Results

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

Graham Number—

Current Price$71.19

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 11.18%

Terminal growth rate(%)

Computed WACC: 11.18%

Cost of equity (Re)13.60%(Rf 4.30% + β 1.69 × ERP 5.50%)

Cost of debt (Rd)0.04%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)82.14%

Debt weight (D/V)17.86%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$71.19

Implied Near-term FCF Growth—

Historical Revenue Growth14.0%

Historical Earnings Growth—

Base FCF (TTM)-$33.32M

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$71.19

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $10.54M

Target EV/EBITDA multipleCurrent: 94.7×

Net Debt($B)Default: $136.71M

Results

Implied Equity Value / share$77.60

Current Price$71.19

Upside / Downside+9.0%

Implied EV$998.93M

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

Mult \ Net Debt	-$1.86B	-$863.29M	$136.71M	$1.14B	$2.14B
90.7x	$253.80	$163.80	$73.80	$-16.20	$-106.19
92.7x	$255.69	$165.70	$75.70	$-14.30	$-104.30
94.7x	$257.59	$167.59	$77.60	$-12.40	$-102.40
96.7x	$259.49	$169.49	$79.50	$-10.50	$-100.50
98.7x	$261.39	$171.39	$81.39	$-8.60	$-98.60

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