NNBR — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($1.48)
DCF	$2.22	+49.9%
Graham Number	—	—
Reverse DCF	—	implied g: 2.8%
DDM	—	—
EV/EBITDA	$3.68	+148.7%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $17.48M

Near-term growth (yrs 1–5)(%)Rev: -8.5% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 13.21%

Computed WACC: 13.21%

Cost of equity (Re)16.81%(Rf 4.30% + β 2.27 × ERP 5.50%)

Cost of debt (Rd)15.08%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)26.39%

Debt weight (D/V)73.61%

Results

Intrinsic Value / share$-0.21

Current Price$1.48

Upside / Downside-114.2%

Net Debt (used)$195.48M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$2.27	$3.52	$4.97	$6.65	$8.58
8.0%	$1.17	$2.18	$3.34	$4.69	$6.24
9.0%	$0.41	$1.25	$2.22	$3.34	$4.62
10.0%	$-0.14	$0.57	$1.39	$2.35	$3.44
11.0%	$-0.57	$0.05	$0.76	$1.59	$2.53

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-1.24

Book Value / share($)Yahoo: $0.99

Results

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

Graham Number—

Current Price$1.48

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 13.21%

Terminal growth rate(%)

Computed WACC: 13.21%

Cost of equity (Re)16.81%(Rf 4.30% + β 2.27 × ERP 5.50%)

Cost of debt (Rd)15.08%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)26.39%

Debt weight (D/V)73.61%

Results

Current Price$1.48

Implied Near-term FCF Growth12.2%

Historical Revenue Growth-8.5%

Historical Earnings Growth—

Base FCF (TTM)$17.48M

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$1.48

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $31.04M

Target EV/EBITDA multipleCurrent: 12.3×

Net Debt($B)Default: $195.48M

Results

Implied Equity Value / share$3.68

Current Price$1.48

Upside / Downside+148.7%

Implied EV$380.20M

Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)

Mult \ Net Debt	-$1.80B	-$804.52M	$195.48M	$1.20B	$2.20B
8.3x	$41.05	$21.13	$1.21	$-18.72	$-38.64
10.3x	$42.29	$22.37	$2.44	$-17.48	$-37.40
12.3x	$43.52	$23.60	$3.68	$-16.24	$-36.16
14.3x	$44.76	$24.84	$4.92	$-15.01	$-34.93
16.3x	$46.00	$26.08	$6.15	$-13.77	$-33.69

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