MAMA — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($16.31)
DCF	$18.03	+10.6%
Graham Number	$1.81	-88.9%
Reverse DCF	—	implied g: 48.0%
DDM	—	—
EV/EBITDA	$16.31	+0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $3.54M

Near-term growth (yrs 1–5)(%)Rev: 50.0% / EPS: 0.0%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 7.74%

Computed WACC: 7.74%

Cost of equity (Re)7.93%(Rf 4.30% + β 0.66 × 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)97.65%

Debt weight (D/V)2.35%

Results

Intrinsic Value / share$23.70

Current Price$16.31

Upside / Downside+45.3%

Net Debt (used)-$2.10M

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

WACC \ Near-term	42.0%	46.0%	50.0%	54.0%	58.0%
7.0%	$21.82	$25.02	$28.58	$32.54	$36.93
8.0%	$17.05	$19.54	$22.31	$25.39	$28.80
9.0%	$13.80	$15.80	$18.03	$20.51	$23.26
10.0%	$11.45	$13.10	$14.94	$16.99	$19.26
11.0%	$9.69	$11.08	$12.63	$14.35	$16.25

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.12

Book Value / share($)Yahoo: $1.22

Results

Graham Number$1.81

Current Price$16.31

Margin of Safety-88.9%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 7.74%

Terminal growth rate(%)

Computed WACC: 7.74%

Cost of equity (Re)7.93%(Rf 4.30% + β 0.66 × 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)97.65%

Debt weight (D/V)2.35%

Results

Current Price$16.31

Implied Near-term FCF Growth42.7%

Historical Revenue Growth50.0%

Historical Earnings Growth0.0%

Base FCF (TTM)$3.54M

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$16.31

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $11.43M

Target EV/EBITDA multipleCurrent: 57.8×

Net Debt($B)Default: -$2.10M

Results

Implied Equity Value / share$16.31

Current Price$16.31

Upside / Downside+0.0%

Implied EV$660.96M

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

Mult \ Net Debt	-$2.00B	-$1.00B	-$2.10M	$997.90M	$2.00B
53.8x	$64.38	$39.78	$15.19	$-9.41	$-34.01
55.8x	$64.94	$40.35	$15.75	$-8.85	$-33.45
57.8x	$65.51	$40.91	$16.31	$-8.29	$-32.89
59.8x	$66.07	$41.47	$16.87	$-7.73	$-32.32
61.8x	$66.63	$42.03	$17.43	$-7.16	$-31.76

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