NEGG — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($43.16)
DCF	$19.29	-55.3%
Graham Number	—	—
Reverse DCF	—	implied g: 26.3%
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: $15.48M

Near-term growth (yrs 1–5)(%)Rev: 12.5% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 26.10%

Computed WACC: 26.10%

Cost of equity (Re)28.26%(Rf 4.30% + β 4.36 × ERP 5.50%)

Cost of debt (Rd)0.20%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)92.30%

Debt weight (D/V)7.70%

Results

Intrinsic Value / share$3.93

Current Price$43.16

Upside / Downside-90.9%

Net Debt (used)$16.39M

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

WACC \ Near-term	4.5%	8.5%	12.5%	16.5%	20.5%
7.0%	$20.34	$24.40	$29.08	$34.46	$40.61
8.0%	$16.33	$19.57	$23.31	$27.59	$32.47
9.0%	$13.57	$16.25	$19.32	$22.85	$26.87
10.0%	$11.55	$13.82	$16.42	$19.40	$22.79
11.0%	$10.02	$11.97	$14.21	$16.77	$19.68

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-1.18

Book Value / share($)Yahoo: $5.85

Results

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

Graham Number—

Current Price$43.16

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 26.10%

Terminal growth rate(%)

Computed WACC: 26.10%

Cost of equity (Re)28.26%(Rf 4.30% + β 4.36 × ERP 5.50%)

Cost of debt (Rd)0.20%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)92.30%

Debt weight (D/V)7.70%

Results

Current Price$43.16

Implied Near-term FCF Growth66.7%

Historical Revenue Growth12.5%

Historical Earnings Growth—

Base FCF (TTM)$15.48M

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$43.16

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$19.73M

Target EV/EBITDA multipleCurrent: -43.5×

Net Debt($B)Default: $16.39M

Results

Implied Equity Value / share$40.14

Current Price$43.16

Upside / Downside-7.0%

Implied EV$857.97M

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