MGNX — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($1.90)
DCF	$-32.85	-1833.5%
Graham Number	—	—
Reverse DCF	—	—
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: -$124.60M

Near-term growth (yrs 1–5)(%)Rev: -34.2% / EPS: -70.4%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.68%

Computed WACC: 9.68%

Cost of equity (Re)11.94%(Rf 4.30% + β 1.39 × ERP 5.50%)

Cost of debt (Rd)3.01%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)76.41%

Debt weight (D/V)23.59%

Results

Intrinsic Value / share$-29.54

Current Price$1.90

Upside / Downside-1658.7%

Net Debt (used)-$109.39M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-33.15	$-40.20	$-48.41	$-57.90	$-68.84
8.0%	$-26.94	$-32.62	$-39.21	$-46.83	$-55.60
9.0%	$-22.64	$-27.37	$-32.85	$-39.18	$-46.45
10.0%	$-19.48	$-23.52	$-28.19	$-33.57	$-39.75
11.0%	$-17.07	$-20.57	$-24.62	$-29.29	$-34.63

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-1.21

Book Value / share($)Yahoo: $1.06

Results

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

Graham Number—

Current Price$1.90

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.68%

Terminal growth rate(%)

Computed WACC: 9.68%

Cost of equity (Re)11.94%(Rf 4.30% + β 1.39 × ERP 5.50%)

Cost of debt (Rd)3.01%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)76.41%

Debt weight (D/V)23.59%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$1.90

Implied Near-term FCF Growth—

Historical Revenue Growth-34.2%

Historical Earnings Growth-70.4%

Base FCF (TTM)-$124.60M

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$1.90

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$106.06M

Target EV/EBITDA multipleCurrent: -0.1×

Net Debt($B)Default: -$109.39M

Results

Implied Equity Value / share$1.94

Current Price$1.90

Upside / Downside+2.4%

Implied EV$13.36M

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