LZ — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($6.92)
DCF	$43.28	+525.5%
Graham Number	$1.32	-80.9%
Reverse DCF	—	implied g: -16.2%
DDM	—	—
EV/EBITDA	$6.92	-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $199.16M

Near-term growth (yrs 1–5)(%)Rev: 17.7% / EPS: -57.9%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 10.90%

Computed WACC: 10.90%

Cost of equity (Re)11.03%(Rf 4.30% + β 1.22 × 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)98.84%

Debt weight (D/V)1.16%

Results

Intrinsic Value / share$32.52

Current Price$6.92

Upside / Downside+370.0%

Net Debt (used)-$188.74M

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

WACC \ Near-term	9.7%	13.7%	17.7%	21.7%	25.7%
7.0%	$46.46	$54.87	$64.50	$75.51	$88.03
8.0%	$37.57	$44.25	$51.89	$60.61	$70.52
9.0%	$31.46	$36.94	$43.21	$50.37	$58.49
10.0%	$27.00	$31.61	$36.89	$42.91	$49.73
11.0%	$23.61	$27.57	$32.10	$37.25	$43.09

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.08

Book Value / share($)Yahoo: $0.97

Results

Graham Number$1.32

Current Price$6.92

Margin of Safety-80.9%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 10.90%

Terminal growth rate(%)

Computed WACC: 10.90%

Cost of equity (Re)11.03%(Rf 4.30% + β 1.22 × 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)98.84%

Debt weight (D/V)1.16%

Results

Current Price$6.92

Implied Near-term FCF Growth-12.8%

Historical Revenue Growth17.7%

Historical Earnings Growth-57.9%

Base FCF (TTM)$199.16M

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$6.92

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $22.62M

Target EV/EBITDA multipleCurrent: 44.6×

Net Debt($B)Default: -$188.74M

Results

Implied Equity Value / share$6.92

Current Price$6.92

Upside / Downside-0.0%

Implied EV$1.01B

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

Mult \ Net Debt	-$2.19B	-$1.19B	-$188.74M	$811.26M	$1.81B
40.6x	$17.96	$12.18	$6.40	$0.61	$-5.17
42.6x	$18.22	$12.44	$6.66	$0.88	$-4.91
44.6x	$18.49	$12.70	$6.92	$1.14	$-4.65
46.6x	$18.75	$12.96	$7.18	$1.40	$-4.38
48.6x	$19.01	$13.23	$7.44	$1.66	$-4.12

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