MRAM — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($10.79)
DCF	$6.39	-40.7%
Graham Number	—	—
Reverse DCF	—	implied g: 28.3%
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: $3.09M

Near-term growth (yrs 1–5)(%)Rev: 16.3% / EPS: -97.7%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.89%

Computed WACC: 8.89%

Cost of equity (Re)9.02%(Rf 4.30% + β 0.86 × 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)98.53%

Debt weight (D/V)1.47%

Results

Intrinsic Value / share$6.49

Current Price$10.79

Upside / Downside-39.9%

Net Debt (used)-$41.59M

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

WACC \ Near-term	8.3%	12.3%	16.3%	20.3%	24.3%
7.0%	$6.72	$7.64	$8.70	$9.90	$11.27
8.0%	$5.77	$6.50	$7.34	$8.29	$9.38
9.0%	$5.11	$5.71	$6.40	$7.19	$8.08
10.0%	$4.64	$5.14	$5.72	$6.38	$7.13
11.0%	$4.27	$4.71	$5.20	$5.77	$6.41

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.02

Book Value / share($)Yahoo: $2.89

Results

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

Graham Number—

Current Price$10.79

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.89%

Terminal growth rate(%)

Computed WACC: 8.89%

Cost of equity (Re)9.02%(Rf 4.30% + β 0.86 × 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)98.53%

Debt weight (D/V)1.47%

Results

Current Price$10.79

Implied Near-term FCF Growth27.9%

Historical Revenue Growth16.3%

Historical Earnings Growth-97.7%

Base FCF (TTM)$3.09M

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$10.79

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$4.00M

Target EV/EBITDA multipleCurrent: -51.3×

Net Debt($B)Default: -$41.59M

Results

Implied Equity Value / share$10.79

Current Price$10.79

Upside / Downside-0.0%

Implied EV$205.03M

← Overview Financial Statements ← Companies