NPK — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($135.59)
DCF	$-538.04	-496.8%
Graham Number	$80.73	-40.5%
Reverse DCF	—	—
DDM	$20.60	-84.8%
EV/EBITDA	$134.50	-0.8%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$66.29M

Near-term growth (yrs 1–5)(%)Rev: 25.7% / EPS: -34.4%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.83%

Computed WACC: 6.83%

Cost of equity (Re)7.15%(Rf 4.30% + β 0.52 × 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)95.43%

Debt weight (D/V)4.57%

Results

Intrinsic Value / share$-856.26

Current Price$135.59

Upside / Downside-731.5%

Net Debt (used)$41.87M

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

WACC \ Near-term	17.7%	21.7%	25.7%	29.7%	33.7%
7.0%	$-598.53	$-702.08	$-819.87	$-953.36	$-1104.05
8.0%	$-477.68	$-559.33	$-652.16	$-757.30	$-875.93
9.0%	$-394.74	$-461.39	$-537.11	$-622.83	$-719.50
10.0%	$-334.50	$-390.26	$-453.59	$-525.23	$-605.98
11.0%	$-288.90	$-336.45	$-390.41	$-451.41	$-520.15

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $5.43

Book Value / share($)Yahoo: $53.35

Results

Graham Number$80.73

Current Price$135.59

Margin of Safety-40.5%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.83%

Terminal growth rate(%)

Computed WACC: 6.83%

Cost of equity (Re)7.15%(Rf 4.30% + β 0.52 × 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)95.43%

Debt weight (D/V)4.57%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$135.59

Implied Near-term FCF Growth—

Historical Revenue Growth25.7%

Historical Earnings Growth-34.4%

Base FCF (TTM)-$66.29M

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: $1.00

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$20.60

Current Price$135.59

Upside / Downside-84.8%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $52.55M

Target EV/EBITDA multipleCurrent: 19.1×

Net Debt($B)Default: $41.87M

Results

Implied Equity Value / share$134.50

Current Price$135.59

Upside / Downside-0.8%

Implied EV$1.00B

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

Mult \ Net Debt	-$1.96B	-$958.13M	$41.87M	$1.04B	$2.04B
15.1x	$384.76	$244.93	$105.11	$-34.71	$-174.53
17.1x	$399.45	$259.63	$119.81	$-20.02	$-159.84
19.1x	$414.14	$274.32	$134.50	$-5.32	$-145.14
21.1x	$428.84	$289.02	$149.19	$9.37	$-130.45
23.1x	$443.53	$303.71	$163.89	$24.07	$-115.76

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