NN — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($16.84)
DCF	$-2.61	-115.5%
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: -$15.60M

Near-term growth (yrs 1–5)(%)Rev: -44.8% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.84%

Computed WACC: 8.84%

Cost of equity (Re)9.79%(Rf 4.30% + β 1.00 × 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)90.23%

Debt weight (D/V)9.77%

Results

Intrinsic Value / share$-2.66

Current Price$16.84

Upside / Downside-115.8%

Net Debt (used)$78.23M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-2.63	$-3.04	$-3.53	$-4.08	$-4.73
8.0%	$-2.26	$-2.60	$-2.99	$-3.43	$-3.95
9.0%	$-2.01	$-2.29	$-2.61	$-2.98	$-3.41
10.0%	$-1.83	$-2.06	$-2.34	$-2.65	$-3.02
11.0%	$-1.68	$-1.89	$-2.13	$-2.40	$-2.72

2 — Graham Number

Assumptions

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

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

Book Value / share($)Yahoo: $-0.16

Results

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

Graham Number—

Current Price$16.84

Margin of Safety—

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)9.79%(Rf 4.30% + β 1.00 × 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)90.23%

Debt weight (D/V)9.77%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$16.84

Implied Near-term FCF Growth—

Historical Revenue Growth-44.8%

Historical Earnings Growth—

Base FCF (TTM)-$15.60M

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$16.84

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$62.01M

Target EV/EBITDA multipleCurrent: -37.8×

Net Debt($B)Default: $78.23M

Results

Implied Equity Value / share$16.82

Current Price$16.84

Upside / Downside-0.1%

Implied EV$2.35B

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