NEA

NEA — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($11.81)
DCF$79.71+574.9%
Graham Number$8.62-27.0%
Reverse DCFimplied g: 31.7%
DDM$16.89+43.0%
EV/EBITDA

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $74.58M
Rev: -1.4% / EPS: 60.9%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$79.56
Current Price$11.81
Upside / Downside+573.6%
Net Debt (used)$2.42B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term52.9%56.9%60.9%64.9%68.9%
7.0%$101.00$115.88$132.35$150.53$170.56
8.0%$76.66$88.19$100.95$115.03$130.53
9.0%$60.08$69.33$79.56$90.85$103.28
10.0%$48.13$55.74$64.15$73.43$83.65
11.0%$39.18$45.55$52.60$60.37$68.93

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $0.28
Yahoo: $11.80

Results

Graham Number$8.62
Current Price$11.81
Margin of Safety-27.0%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$11.81
Implied Near-term FCF Growth31.7%
Historical Revenue Growth-1.4%
Historical Earnings Growth60.9%
Base FCF (TTM)$74.58M
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: $0.82

Results

DDM Intrinsic Value / share$16.89
Current Price$11.81
Upside / Downside+43.0%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: —
Current: —×
Default: $2.42B

Results

Implied Equity Value / share$-8.09
Current Price$11.81
Upside / Downside-168.5%
Implied EV$0