LESL — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($0.97)
DCF	$-47.11	-4965.9%
Graham Number	—	—
Reverse DCF	—	implied g: 14.9%
DDM	—	—
EV/EBITDA	$0.97	-0.2%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $33.00M

Near-term growth (yrs 1–5)(%)Rev: -16.0% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.50%

Computed WACC: 6.50%

Cost of equity (Re)11.52%(Rf 4.30% + β 1.31 × ERP 5.50%)

Cost of debt (Rd)8.17%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)0.88%

Debt weight (D/V)99.12%

Results

Intrinsic Value / share$-7.77

Current Price$0.97

Upside / Downside-902.8%

Net Debt (used)$1.02B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-46.58	$-33.90	$-19.14	$-2.06	$17.61
8.0%	$-57.74	$-47.53	$-35.67	$-21.97	$-6.20
9.0%	$-65.47	$-56.97	$-47.11	$-35.73	$-22.66
10.0%	$-71.15	$-63.90	$-55.50	$-45.82	$-34.71
11.0%	$-75.49	$-69.19	$-61.91	$-53.52	$-43.90

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-29.67

Book Value / share($)Yahoo: $-52.58

Results

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

Graham Number—

Current Price$0.97

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.50%

Terminal growth rate(%)

Computed WACC: 6.50%

Cost of equity (Re)11.52%(Rf 4.30% + β 1.31 × ERP 5.50%)

Cost of debt (Rd)8.17%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)0.88%

Debt weight (D/V)99.12%

Results

Current Price$0.97

Implied Near-term FCF Growth6.3%

Historical Revenue Growth-16.0%

Historical Earnings Growth—

Base FCF (TTM)$33.00M

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$0.97

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $38.39M

Target EV/EBITDA multipleCurrent: 26.8×

Net Debt($B)Default: $1.02B

Results

Implied Equity Value / share$0.97

Current Price$0.97

Upside / Downside-0.2%

Implied EV$1.03B

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

Mult \ Net Debt	$1.02B	$1.02B	$1.02B	$1.02B	$1.02B
22.8x	$-15.51	$-15.51	$-15.51	$-15.51	$-15.51
24.8x	$-7.27	$-7.27	$-7.27	$-7.27	$-7.27
26.8x	$0.97	$0.97	$0.97	$0.97	$0.97
28.8x	$9.21	$9.21	$9.21	$9.21	$9.21
30.8x	$17.45	$17.45	$17.45	$17.45	$17.45

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