MCFT — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($21.54)
DCF	$39.87	+85.1%
Graham Number	$15.67	-27.2%
Reverse DCF	—	implied g: 0.4%
DDM	—	—
EV/EBITDA	$21.92	+1.8%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $20.06M

Near-term growth (yrs 1–5)(%)Rev: 13.2% / EPS: -8.7%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 10.18%

Computed WACC: 10.18%

Cost of equity (Re)10.18%(Rf 4.30% + β 1.07 × ERP 5.50%)

Cost of debt (Rd)2.37%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)100.00%

Debt weight (D/V)0.00%

Results

Intrinsic Value / share$34.03

Current Price$21.54

Upside / Downside+58.0%

Net Debt (used)-$81.38M

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

WACC \ Near-term	5.2%	9.2%	13.2%	17.2%	21.2%
7.0%	$41.75	$48.78	$56.89	$66.18	$76.80
8.0%	$34.75	$40.36	$46.81	$54.21	$62.65
9.0%	$29.92	$34.55	$39.87	$45.96	$52.90
10.0%	$26.40	$30.31	$34.80	$39.94	$45.79
11.0%	$23.71	$27.08	$30.95	$35.37	$40.39

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.94

Book Value / share($)Yahoo: $11.61

Results

Graham Number$15.67

Current Price$21.54

Margin of Safety-27.2%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 10.18%

Terminal growth rate(%)

Computed WACC: 10.18%

Cost of equity (Re)10.18%(Rf 4.30% + β 1.07 × ERP 5.50%)

Cost of debt (Rd)2.37%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)100.00%

Debt weight (D/V)0.00%

Results

Current Price$21.54

Implied Near-term FCF Growth3.2%

Historical Revenue Growth13.2%

Historical Earnings Growth-8.7%

Base FCF (TTM)$20.06M

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$21.54

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $26.14M

Target EV/EBITDA multipleCurrent: 10.5×

Net Debt($B)Default: -$81.38M

Results

Implied Equity Value / share$21.92

Current Price$21.54

Upside / Downside+1.8%

Implied EV$275.62M

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

Mult \ Net Debt	-$2.08B	-$1.08B	-$81.38M	$918.62M	$1.92B
6.5x	$138.31	$76.91	$15.50	$-45.91	$-107.31
8.5x	$141.53	$80.12	$18.71	$-42.69	$-104.10
10.5x	$144.74	$83.33	$21.92	$-39.48	$-100.89
12.5x	$147.95	$86.54	$25.13	$-36.27	$-97.68
14.5x	$151.16	$89.75	$28.34	$-33.06	$-94.47

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