NCPL — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($0.45)
DCF	$-12.49	-2846.5%
Graham Number	—	—
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: -$5.54M

Near-term growth (yrs 1–5)(%)Rev: -70.0% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 4.80%

Computed WACC: 4.80%

Cost of equity (Re)8.06%(Rf 4.30% + β 0.68 × 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)59.58%

Debt weight (D/V)40.42%

Results

Intrinsic Value / share$-35.40

Current Price$0.45

Upside / Downside-7887.0%

Net Debt (used)$735,936

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-12.59	$-15.12	$-18.06	$-21.46	$-25.38
8.0%	$-10.37	$-12.40	$-14.77	$-17.50	$-20.64
9.0%	$-8.83	$-10.52	$-12.49	$-14.75	$-17.36
10.0%	$-7.70	$-9.14	$-10.81	$-12.74	$-14.96
11.0%	$-6.83	$-8.09	$-9.54	$-11.21	$-13.12

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-15.31

Book Value / share($)Yahoo: $4.36

Results

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

Graham Number—

Current Price$0.45

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 4.80%

Terminal growth rate(%)

Computed WACC: 4.80%

Cost of equity (Re)8.06%(Rf 4.30% + β 0.68 × 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)59.58%

Debt weight (D/V)40.42%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$0.45

Implied Near-term FCF Growth—

Historical Revenue Growth-70.0%

Historical Earnings Growth—

Base FCF (TTM)-$5.54M

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$0.45

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$9.01M

Target EV/EBITDA multipleCurrent: -0.4×

Net Debt($B)Default: $735,936

Results

Implied Equity Value / share$0.40

Current Price$0.45

Upside / Downside-12.5%

Implied EV$3.86M

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