MASS — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($6.61)
DCF	$6.65	+0.6%
Graham Number	—	—
Reverse DCF	—	implied g: 4.8%
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: $7.58M

Near-term growth (yrs 1–5)(%)Rev: -3.5% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.85%

Computed WACC: 6.85%

Cost of equity (Re)6.98%(Rf 4.30% + β 0.49 × 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)98.21%

Debt weight (D/V)1.79%

Results

Intrinsic Value / share$8.49

Current Price$6.61

Upside / Downside+28.4%

Net Debt (used)-$107.70M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$6.68	$7.43	$8.30	$9.31	$10.48
8.0%	$6.02	$6.63	$7.33	$8.14	$9.07
9.0%	$5.57	$6.07	$6.65	$7.32	$8.10
10.0%	$5.23	$5.66	$6.16	$6.73	$7.38
11.0%	$4.97	$5.35	$5.78	$6.27	$6.84

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-2.07

Book Value / share($)Yahoo: $3.77

Results

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

Graham Number—

Current Price$6.61

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.85%

Terminal growth rate(%)

Computed WACC: 6.85%

Cost of equity (Re)6.98%(Rf 4.30% + β 0.49 × 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)98.21%

Debt weight (D/V)1.79%

Results

Current Price$6.61

Implied Near-term FCF Growth-1.6%

Historical Revenue Growth-3.5%

Historical Earnings Growth—

Base FCF (TTM)$7.58M

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$6.61

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$43.73M

Target EV/EBITDA multipleCurrent: -3.0×

Net Debt($B)Default: -$107.70M

Results

Implied Equity Value / share$6.61

Current Price$6.61

Upside / Downside-0.0%

Implied EV$131.53M

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