NCEW

NCEW — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($8.80)
DCF$12.16+38.1%
Graham Number
Reverse DCFimplied g: -0.1%
DDM
EV/EBITDA

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $2.36M
Rev: -15.6% / EPS: —
Default: 9% (no SEC data)

Results

Intrinsic Value / share$12.16
Current Price$8.80
Upside / Downside+38.1%
Net Debt (used)$2.56M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-3.0%1.0%5.0%9.0%13.0%
7.0%$12.27$14.91$17.98$21.54$25.64
8.0%$9.94$12.07$14.54$17.40$20.68
9.0%$8.33$10.10$12.16$14.53$17.25
10.0%$7.15$8.66$10.41$12.43$14.74
11.0%$6.24$7.55$9.07$10.82$12.82

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $-29.68
Yahoo: $1.65

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.
Graham Number
Current Price$8.80
Margin of Safety
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$8.80
Implied Near-term FCF Growth-0.1%
Historical Revenue Growth-15.6%
Historical Earnings Growth
Base FCF (TTM)$2.36M
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

Yahoo: —

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$8.80
Upside / Downside
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: -$10.75M
Current: -2.9×
Default: $2.56M

Results

Implied Equity Value / share$8.78
Current Price$8.80
Upside / Downside-0.2%
Implied EV$30.67M