LE — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($15.99)
DCF	$1.63	-89.8%
Graham Number	$7.93	-50.4%
Reverse DCF	—	implied g: 19.4%
DDM	—	—
EV/EBITDA	$15.99	+0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $19.26M

Near-term growth (yrs 1–5)(%)Rev: -0.4% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 16.10%

Computed WACC: 16.10%

Cost of equity (Re)17.59%(Rf 4.30% + β 2.42 × ERP 5.50%)

Cost of debt (Rd)17.54%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)60.07%

Debt weight (D/V)39.93%

Results

Intrinsic Value / share$-4.21

Current Price$15.99

Upside / Downside-126.3%

Net Debt (used)$288.44M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$1.72	$3.98	$6.61	$9.65	$13.15
8.0%	$-0.26	$1.55	$3.66	$6.10	$8.91
9.0%	$-1.64	$-0.13	$1.63	$3.65	$5.98
10.0%	$-2.65	$-1.36	$0.14	$1.86	$3.84
11.0%	$-3.42	$-2.30	$-1.01	$0.49	$2.20

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.37

Book Value / share($)Yahoo: $7.56

Results

Graham Number$7.93

Current Price$15.99

Margin of Safety-50.4%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 16.10%

Terminal growth rate(%)

Computed WACC: 16.10%

Cost of equity (Re)17.59%(Rf 4.30% + β 2.42 × ERP 5.50%)

Cost of debt (Rd)17.54%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)60.07%

Debt weight (D/V)39.93%

Results

Current Price$15.99

Implied Near-term FCF Growth37.3%

Historical Revenue Growth-0.4%

Historical Earnings Growth—

Base FCF (TTM)$19.26M

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$15.99

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $98.73M

Target EV/EBITDA multipleCurrent: 7.9×

Net Debt($B)Default: $288.44M

Results

Implied Equity Value / share$15.99

Current Price$15.99

Upside / Downside+0.0%

Implied EV$777.00M

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

Mult \ Net Debt	-$1.71B	-$711.56M	$288.44M	$1.29B	$2.29B
3.9x	$68.53	$35.80	$3.07	$-29.67	$-62.40
5.9x	$74.99	$42.26	$9.53	$-23.20	$-55.94
7.9x	$81.46	$48.72	$15.99	$-16.74	$-49.47
9.9x	$87.92	$55.19	$22.45	$-10.28	$-43.01
11.9x	$94.38	$61.65	$28.92	$-3.81	$-36.55

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