LIQT — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($1.76)
DCF	$-7.92	-550.9%
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: -$3.87M

Near-term growth (yrs 1–5)(%)Rev: -8.2% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.90%

Computed WACC: 5.90%

Cost of equity (Re)10.56%(Rf 4.30% + β 1.14 × 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)55.87%

Debt weight (D/V)44.13%

Results

Intrinsic Value / share$-14.43

Current Price$1.76

Upside / Downside-921.8%

Net Debt (used)$8.28M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-7.98	$-9.42	$-11.09	$-13.03	$-15.26
8.0%	$-6.71	$-7.87	$-9.22	$-10.77	$-12.56
9.0%	$-5.83	$-6.80	$-7.92	$-9.21	$-10.69
10.0%	$-5.19	$-6.01	$-6.97	$-8.06	$-9.33
11.0%	$-4.70	$-5.41	$-6.24	$-7.19	$-8.28

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-1.00

Book Value / share($)Yahoo: $1.08

Results

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

Graham Number—

Current Price$1.76

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.90%

Terminal growth rate(%)

Computed WACC: 5.90%

Cost of equity (Re)10.56%(Rf 4.30% + β 1.14 × 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)55.87%

Debt weight (D/V)44.13%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$1.76

Implied Near-term FCF Growth—

Historical Revenue Growth-8.2%

Historical Earnings Growth—

Base FCF (TTM)-$3.87M

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$1.76

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$6.62M

Target EV/EBITDA multipleCurrent: -3.7×

Net Debt($B)Default: $8.28M

Results

Implied Equity Value / share$1.69

Current Price$1.76

Upside / Downside-3.9%

Implied EV$24.53M

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