MLKN — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($20.05)
DCF	$5.04	-74.9%
Graham Number	—	—
Reverse DCF	—	implied g: 12.1%
DDM	$15.45	-22.9%
EV/EBITDA	$20.98	+4.6%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $113.16M

Near-term growth (yrs 1–5)(%)Rev: -1.6% / EPS: -28.6%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 4.95%

Computed WACC: 4.95%

Cost of equity (Re)11.51%(Rf 4.30% + β 1.31 × 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)42.97%

Debt weight (D/V)57.03%

Results

Intrinsic Value / share$53.76

Current Price$20.05

Upside / Downside+168.1%

Net Debt (used)$1.64B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$5.29	$11.22	$18.13	$26.13	$35.33
8.0%	$0.06	$4.84	$10.39	$16.81	$24.19
9.0%	$-3.56	$0.42	$5.04	$10.36	$16.49
10.0%	$-6.21	$-2.82	$1.11	$5.64	$10.85
11.0%	$-8.25	$-5.30	$-1.89	$2.04	$6.54

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.37

Book Value / share($)Yahoo: $19.04

Results

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

Graham Number—

Current Price$20.05

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 4.95%

Terminal growth rate(%)

Computed WACC: 4.95%

Cost of equity (Re)11.51%(Rf 4.30% + β 1.31 × 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)42.97%

Debt weight (D/V)57.03%

Results

Current Price$20.05

Implied Near-term FCF Growth-3.4%

Historical Revenue Growth-1.6%

Historical Earnings Growth-28.6%

Base FCF (TTM)$113.16M

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: $0.75

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$15.45

Current Price$20.05

Upside / Downside-22.9%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $384.60M

Target EV/EBITDA multipleCurrent: 8.0×

Net Debt($B)Default: $1.64B

Results

Implied Equity Value / share$20.98

Current Price$20.05

Upside / Downside+4.6%

Implied EV$3.07B

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

Mult \ Net Debt	$1.64B	$1.64B	$1.64B	$1.64B	$1.64B
4.0x	$-1.56	$-1.56	$-1.56	$-1.56	$-1.56
6.0x	$9.71	$9.71	$9.71	$9.71	$9.71
8.0x	$20.98	$20.98	$20.98	$20.98	$20.98
10.0x	$32.25	$32.25	$32.25	$32.25	$32.25
12.0x	$43.52	$43.52	$43.52	$43.52	$43.52

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