LEDS — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($1.45)
DCF	$351.53	+24143.6%
Graham Number	—	—
Reverse DCF	—	implied g: -6.0%
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: $1.27M

Near-term growth (yrs 1–5)(%)Rev: 103.7% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.07%

Computed WACC: 8.07%

Cost of equity (Re)9.86%(Rf 4.30% + β 1.01 × 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)81.84%

Debt weight (D/V)18.16%

Results

Intrinsic Value / share$434.23

Current Price$1.45

Upside / Downside+29846.8%

Net Debt (used)-$243,000

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

WACC \ Near-term	95.7%	99.7%	103.7%	107.7%	111.7%
7.0%	$471.23	$521.26	$575.45	$634.07	$697.37
8.0%	$361.76	$400.14	$441.71	$486.67	$535.22
9.0%	$287.51	$317.98	$350.99	$386.69	$425.24
10.0%	$234.27	$259.08	$285.95	$315.01	$346.39
11.0%	$194.53	$215.11	$237.41	$261.51	$287.54

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.16

Book Value / share($)Yahoo: $0.25

Results

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

Graham Number—

Current Price$1.45

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.07%

Terminal growth rate(%)

Computed WACC: 8.07%

Cost of equity (Re)9.86%(Rf 4.30% + β 1.01 × 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)81.84%

Debt weight (D/V)18.16%

Results

Current Price$1.45

Implied Near-term FCF Growth-8.2%

Historical Revenue Growth103.7%

Historical Earnings Growth—

Base FCF (TTM)$1.27M

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$1.45

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$1.24M

Target EV/EBITDA multipleCurrent: -9.7×

Net Debt($B)Default: -$243,000

Results

Implied Equity Value / share$1.49

Current Price$1.45

Upside / Downside+2.8%

Implied EV$12.01M

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