NATR — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($27.80)
DCF	$169.51	+509.7%
Graham Number	$12.91	-53.6%
Reverse DCF	—	implied g: -3.8%
DDM	—	—
EV/EBITDA	$28.15	+1.3%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $38.82M

Near-term growth (yrs 1–5)(%)Rev: 12.0% / EPS: 30.4%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.84%

Computed WACC: 8.84%

Cost of equity (Re)9.10%(Rf 4.30% + β 0.87 × 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)97.17%

Debt weight (D/V)2.83%

Results

Intrinsic Value / share$174.56

Current Price$27.80

Upside / Downside+527.9%

Net Debt (used)-$81.27M

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

WACC \ Near-term	22.4%	26.4%	30.4%	34.4%	38.4%
7.0%	$192.03	$223.66	$259.48	$299.90	$345.36
8.0%	$153.09	$177.95	$206.09	$237.83	$273.50
9.0%	$126.41	$146.63	$169.51	$195.31	$224.29
10.0%	$107.06	$123.92	$143.00	$164.49	$188.64
11.0%	$92.44	$106.77	$122.97	$141.23	$161.72

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.81

Book Value / share($)Yahoo: $9.14

Results

Graham Number$12.91

Current Price$27.80

Margin of Safety-53.6%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.84%

Terminal growth rate(%)

Computed WACC: 8.84%

Cost of equity (Re)9.10%(Rf 4.30% + β 0.87 × 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)97.17%

Debt weight (D/V)2.83%

Results

Current Price$27.80

Implied Near-term FCF Growth-4.2%

Historical Revenue Growth12.0%

Historical Earnings Growth30.4%

Base FCF (TTM)$38.82M

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$27.80

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $38.53M

Target EV/EBITDA multipleCurrent: 10.7×

Net Debt($B)Default: -$81.27M

Results

Implied Equity Value / share$28.15

Current Price$27.80

Upside / Downside+1.3%

Implied EV$411.30M

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

Mult \ Net Debt	-$2.08B	-$1.08B	-$81.27M	$918.73M	$1.92B
6.7x	$133.66	$76.50	$19.34	$-37.81	$-94.97
8.7x	$138.06	$80.91	$23.75	$-33.41	$-90.57
10.7x	$142.47	$85.31	$28.15	$-29.00	$-86.16
12.7x	$146.87	$89.72	$32.56	$-24.60	$-81.76
14.7x	$151.28	$94.12	$36.96	$-20.19	$-77.35

← Overview Financial Statements ← Companies