METC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($15.55)
DCF	$-17.04	-209.6%
Graham Number	—	—
Reverse DCF	—	—
DDM	$5.77	-62.9%
EV/EBITDA	$18.92	+21.7%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$51.84M

Near-term growth (yrs 1–5)(%)Rev: -25.1% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.09%

Computed WACC: 8.09%

Cost of equity (Re)11.78%(Rf 4.30% + β 1.36 × 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)68.64%

Debt weight (D/V)31.36%

Results

Intrinsic Value / share$-19.76

Current Price$15.55

Upside / Downside-227.0%

Net Debt (used)$29.68M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-17.18	$-20.55	$-24.46	$-28.99	$-34.21
8.0%	$-14.22	$-16.93	$-20.07	$-23.71	$-27.89
9.0%	$-12.17	$-14.42	$-17.04	$-20.06	$-23.53
10.0%	$-10.66	$-12.58	$-14.81	$-17.38	$-20.33
11.0%	$-9.51	$-11.18	$-13.11	$-15.34	$-17.89

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.68

Book Value / share($)Yahoo: $7.31

Results

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

Graham Number—

Current Price$15.55

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.09%

Terminal growth rate(%)

Computed WACC: 8.09%

Cost of equity (Re)11.78%(Rf 4.30% + β 1.36 × 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)68.64%

Debt weight (D/V)31.36%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$15.55

Implied Near-term FCF Growth—

Historical Revenue Growth-25.1%

Historical Earnings Growth—

Base FCF (TTM)-$51.84M

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: $0.28

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$5.77

Current Price$15.55

Upside / Downside-62.9%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $13.87M

Target EV/EBITDA multipleCurrent: 77.4×

Net Debt($B)Default: $29.68M

Results

Implied Equity Value / share$18.92

Current Price$15.55

Upside / Downside+21.7%

Implied EV$1.07B

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

Mult \ Net Debt	-$1.97B	-$970.32M	$29.68M	$1.03B	$2.03B
73.4x	$54.17	$36.04	$17.92	$-0.21	$-18.34
75.4x	$54.68	$36.55	$18.42	$0.29	$-17.84
77.4x	$55.18	$37.05	$18.92	$0.79	$-17.34
79.4x	$55.68	$37.55	$19.42	$1.30	$-16.83
81.4x	$56.19	$38.06	$19.93	$1.80	$-16.33

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