KULR — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($2.86)
DCF	$-1618.18	-56679.6%
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: -$20.04M

Near-term growth (yrs 1–5)(%)Rev: 116.1% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 15.18%

Computed WACC: 15.18%

Cost of equity (Re)15.37%(Rf 4.30% + β 2.01 × ERP 5.50%)

Cost of debt (Rd)13.24%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)96.04%

Debt weight (D/V)3.96%

Results

Intrinsic Value / share$-567.74

Current Price$2.86

Upside / Downside-19951.2%

Net Debt (used)-$15.20M

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

WACC \ Near-term	108.1%	112.1%	116.1%	120.1%	124.1%
7.0%	$-2210.14	$-2430.48	$-2668.06	$-2923.87	$-3198.94
8.0%	$-1693.12	$-1861.83	$-2043.74	$-2239.60	$-2450.21
9.0%	$-1342.70	$-1476.42	$-1620.60	$-1775.84	$-1942.75
10.0%	$-1091.66	$-1200.32	$-1317.47	$-1443.61	$-1579.23
11.0%	$-904.48	$-994.45	$-1091.46	$-1195.89	$-1308.18

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.59

Book Value / share($)Yahoo: $3.47

Results

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

Graham Number—

Current Price$2.86

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 15.18%

Terminal growth rate(%)

Computed WACC: 15.18%

Cost of equity (Re)15.37%(Rf 4.30% + β 2.01 × ERP 5.50%)

Cost of debt (Rd)13.24%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)96.04%

Debt weight (D/V)3.96%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$2.86

Implied Near-term FCF Growth—

Historical Revenue Growth116.1%

Historical Earnings Growth—

Base FCF (TTM)-$20.04M

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$2.86

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$30.47M

Target EV/EBITDA multipleCurrent: -3.9×

Net Debt($B)Default: -$15.20M

Results

Implied Equity Value / share$2.92

Current Price$2.86

Upside / Downside+2.0%

Implied EV$118.10M

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