MPAA — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($10.31)
DCF	$0.74	-92.9%
Graham Number	$5.22	-49.4%
Reverse DCF	—	implied g: 15.2%
DDM	—	—
EV/EBITDA	$10.31	+0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $12.95M

Near-term growth (yrs 1–5)(%)Rev: -9.9% / EPS: -18.2%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.40%

Computed WACC: 5.40%

Cost of equity (Re)11.63%(Rf 4.30% + β 1.33 × 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)46.42%

Debt weight (D/V)53.58%

Results

Intrinsic Value / share$15.61

Current Price$10.31

Upside / Downside+51.4%

Net Debt (used)$213.19M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$0.84	$3.25	$6.06	$9.31	$13.05
8.0%	$-1.29	$0.66	$2.91	$5.52	$8.52
9.0%	$-2.76	$-1.14	$0.74	$2.90	$5.39
10.0%	$-3.84	$-2.46	$-0.86	$0.98	$3.10
11.0%	$-4.67	$-3.47	$-2.08	$-0.48	$1.35

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.09

Book Value / share($)Yahoo: $13.46

Results

Graham Number$5.22

Current Price$10.31

Margin of Safety-49.4%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.40%

Terminal growth rate(%)

Computed WACC: 5.40%

Cost of equity (Re)11.63%(Rf 4.30% + β 1.33 × 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)46.42%

Debt weight (D/V)53.58%

Results

Current Price$10.31

Implied Near-term FCF Growth1.6%

Historical Revenue Growth-9.9%

Historical Earnings Growth-18.2%

Base FCF (TTM)$12.95M

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$10.31

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $57.29M

Target EV/EBITDA multipleCurrent: 7.2×

Net Debt($B)Default: $213.19M

Results

Implied Equity Value / share$10.31

Current Price$10.31

Upside / Downside+0.0%

Implied EV$411.26M

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

Mult \ Net Debt	-$1.79B	-$786.81M	$213.19M	$1.21B	$2.21B
3.2x	$102.49	$50.44	$-1.62	$-53.67	$-105.72
5.2x	$108.45	$56.40	$4.35	$-47.71	$-99.76
7.2x	$114.42	$62.36	$10.31	$-41.74	$-93.80
9.2x	$120.38	$68.33	$16.27	$-35.78	$-87.83
11.2x	$126.35	$74.29	$22.24	$-29.82	$-81.87

← Overview Financial Statements ← Companies