LSAK — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($4.62)
DCF	$-2.07	-144.9%
Graham Number	—	—
Reverse DCF	—	implied g: 90.9%
DDM	—	—
EV/EBITDA	$4.57	-1.1%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $422,750

Near-term growth (yrs 1–5)(%)Rev: 1.4% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.02%

Computed WACC: 8.02%

Cost of equity (Re)6.84%(Rf 4.30% + β 0.46 × ERP 5.50%)

Cost of debt (Rd)12.47%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)60.75%

Debt weight (D/V)39.25%

Results

Intrinsic Value / share$-2.06

Current Price$4.62

Upside / Downside-144.6%

Net Debt (used)$181.51M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-2.07	$-2.06	$-2.03	$-2.01	$-1.98
8.0%	$-2.09	$-2.07	$-2.06	$-2.04	$-2.02
9.0%	$-2.10	$-2.09	$-2.07	$-2.06	$-2.04
10.0%	$-2.11	$-2.10	$-2.09	$-2.07	$-2.06
11.0%	$-2.11	$-2.11	$-2.10	$-2.08	$-2.07

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.63

Book Value / share($)Yahoo: $2.29

Results

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

Graham Number—

Current Price$4.62

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.02%

Terminal growth rate(%)

Computed WACC: 8.02%

Cost of equity (Re)6.84%(Rf 4.30% + β 0.46 × ERP 5.50%)

Cost of debt (Rd)12.47%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)60.75%

Debt weight (D/V)39.25%

Results

Current Price$4.62

Implied Near-term FCF Growth85.7%

Historical Revenue Growth1.4%

Historical Earnings Growth—

Base FCF (TTM)$422,750

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$4.62

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $53.80M

Target EV/EBITDA multipleCurrent: 10.5×

Net Debt($B)Default: $181.51M

Results

Implied Equity Value / share$4.57

Current Price$4.62

Upside / Downside-1.1%

Implied EV$564.79M

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

Mult \ Net Debt	-$1.82B	-$818.49M	$181.51M	$1.18B	$2.18B
6.5x	$25.83	$13.92	$2.00	$-9.91	$-21.83
8.5x	$27.12	$15.20	$3.28	$-8.63	$-20.55
10.5x	$28.40	$16.48	$4.57	$-7.35	$-19.26
12.5x	$29.68	$17.77	$5.85	$-6.07	$-17.98
14.5x	$30.96	$19.05	$7.13	$-4.78	$-16.70

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