MIND — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($7.97)
DCF	$13.02	+63.3%
Graham Number	—	—
Reverse DCF	—	implied g: -5.4%
DDM	—	—
EV/EBITDA	$7.61	-4.5%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $5.67M

Near-term growth (yrs 1–5)(%)Rev: -20.0% / EPS: -99.7%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 7.30%

Computed WACC: 7.30%

Cost of equity (Re)7.43%(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)98.27%

Debt weight (D/V)1.73%

Results

Intrinsic Value / share$16.96

Current Price$7.97

Upside / Downside+112.8%

Net Debt (used)-$18.12M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$13.11	$15.36	$17.97	$20.99	$24.47
8.0%	$11.13	$12.94	$15.04	$17.47	$20.26
9.0%	$9.76	$11.27	$13.02	$15.03	$17.35
10.0%	$8.76	$10.04	$11.53	$13.24	$15.21
11.0%	$7.99	$9.11	$10.40	$11.88	$13.58

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-1.17

Book Value / share($)Yahoo: $4.45

Results

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

Graham Number—

Current Price$7.97

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 7.30%

Terminal growth rate(%)

Computed WACC: 7.30%

Cost of equity (Re)7.43%(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)98.27%

Debt weight (D/V)1.73%

Results

Current Price$7.97

Implied Near-term FCF Growth-9.7%

Historical Revenue Growth-20.0%

Historical Earnings Growth-99.7%

Base FCF (TTM)$5.67M

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$7.97

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $6.43M

Target EV/EBITDA multipleCurrent: 7.9×

Net Debt($B)Default: -$18.12M

Results

Implied Equity Value / share$7.61

Current Price$7.97

Upside / Downside-4.5%

Implied EV$50.66M

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

Mult \ Net Debt	-$2.02B	-$1.02B	-$18.12M	$981.88M	$1.98B
3.9x	$226.05	$115.41	$4.76	$-105.88	$-216.52
5.9x	$227.47	$116.83	$6.19	$-104.46	$-215.10
7.9x	$228.90	$118.25	$7.61	$-103.03	$-213.68
9.9x	$230.32	$119.68	$9.03	$-101.61	$-212.25
11.9x	$231.74	$121.10	$10.46	$-100.18	$-210.83

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