MSGM — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($3.77)
DCF	$0.27	-92.8%
Graham Number	$3.30	-12.4%
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: -$4,621

Near-term growth (yrs 1–5)(%)Rev: 71.9% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 14.56%

Computed WACC: 14.56%

Cost of equity (Re)14.58%(Rf 4.30% + β 1.87 × 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)99.86%

Debt weight (D/V)0.14%

Results

Intrinsic Value / share$0.59

Current Price$3.77

Upside / Downside-84.3%

Net Debt (used)-$4.10M

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

WACC \ Near-term	63.9%	67.9%	71.9%	75.9%	79.9%
7.0%	$0.13	$0.04	$-0.05	$-0.16	$-0.27
8.0%	$0.28	$0.21	$0.14	$0.06	$-0.03
9.0%	$0.39	$0.33	$0.27	$0.21	$0.14
10.0%	$0.46	$0.42	$0.37	$0.32	$0.26
11.0%	$0.52	$0.48	$0.44	$0.40	$0.35

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.42

Book Value / share($)Yahoo: $1.15

Results

Graham Number$3.30

Current Price$3.77

Margin of Safety-12.4%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 14.56%

Terminal growth rate(%)

Computed WACC: 14.56%

Cost of equity (Re)14.58%(Rf 4.30% + β 1.87 × 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)99.86%

Debt weight (D/V)0.14%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$3.77

Implied Near-term FCF Growth—

Historical Revenue Growth71.9%

Historical Earnings Growth—

Base FCF (TTM)-$4,621

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$3.77

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$383,376

Target EV/EBITDA multipleCurrent: -41.0×

Net Debt($B)Default: -$4.10M

Results

Implied Equity Value / share$3.91

Current Price$3.77

Upside / Downside+3.6%

Implied EV$15.73M

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