MCS — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($16.84)
DCF	$-2571576.94	-15270746.9%
Graham Number	$8.98	-46.7%
Reverse DCF	—	—
DDM	$6.59	-60.9%
EV/EBITDA	$21.83	+29.6%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$1.43M

Near-term growth (yrs 1–5)(%)Rev: 3.1% / EPS: 523.7%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 4.53%

Computed WACC: 4.53%

Cost of equity (Re)7.42%(Rf 4.30% + β 0.57 × 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)61.12%

Debt weight (D/V)38.88%

Results

Intrinsic Value / share$-11802774.67

Current Price$16.84

Upside / Downside-70087835.6%

Net Debt (used)$312.03M

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

WACC \ Near-term	515.7%	519.7%	523.7%	527.7%	531.7%
7.0%	$-4084446.31	$-4218856.89	$-4356782.95	$-4498293.02	$-4643456.49
8.0%	$-3085520.22	$-3187057.99	$-3291251.46	$-3398152.40	$-3507813.21
9.0%	$-2412486.09	$-2491875.56	$-2573341.44	$-2656924.21	$-2742664.84
10.0%	$-1933479.77	$-1997106.04	$-2062396.43	$-2129383.39	$-2198099.75
11.0%	$-1578826.54	$-1630781.83	$-1684096.00	$-1738795.53	$-1794907.24

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.24

Book Value / share($)Yahoo: $14.93

Results

Graham Number$8.98

Current Price$16.84

Margin of Safety-46.7%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 4.53%

Terminal growth rate(%)

Computed WACC: 4.53%

Cost of equity (Re)7.42%(Rf 4.30% + β 0.57 × 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)61.12%

Debt weight (D/V)38.88%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$16.84

Implied Near-term FCF Growth—

Historical Revenue Growth3.1%

Historical Earnings Growth523.7%

Base FCF (TTM)-$1.43M

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: $0.32

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$6.59

Current Price$16.84

Upside / Downside-60.9%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $90.04M

Target EV/EBITDA multipleCurrent: 9.2×

Net Debt($B)Default: $312.03M

Results

Implied Equity Value / share$21.83

Current Price$16.84

Upside / Downside+29.6%

Implied EV$830.02M

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

Mult \ Net Debt	-$1.69B	-$687.97M	$312.03M	$1.31B	$2.31B
5.2x	$90.93	$48.79	$6.65	$-35.49	$-77.63
7.2x	$98.52	$56.38	$14.24	$-27.90	$-70.04
9.2x	$106.11	$63.97	$21.83	$-20.31	$-62.46
11.2x	$113.70	$71.56	$29.42	$-12.72	$-54.87
13.2x	$121.29	$79.15	$37.01	$-5.13	$-47.28

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