NPKI — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($14.07)
DCF	$418.21	+2872.4%
Graham Number	$5.96	-57.6%
Reverse DCF	—	implied g: 11.6%
DDM	—	—
EV/EBITDA	$14.07	+0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $46.79M

Near-term growth (yrs 1–5)(%)Rev: 30.7% / EPS: 77.5%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 10.88%

Computed WACC: 10.88%

Cost of equity (Re)11.13%(Rf 4.30% + β 1.24 × 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)97.80%

Debt weight (D/V)2.20%

Results

Intrinsic Value / share$292.67

Current Price$14.07

Upside / Downside+1980.1%

Net Debt (used)$21.60M

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

WACC \ Near-term	69.5%	73.5%	77.5%	81.5%	85.5%
7.0%	$539.81	$606.22	$679.02	$758.66	$845.62
8.0%	$416.83	$468.03	$524.16	$585.56	$652.59
9.0%	$333.23	$374.10	$418.90	$467.90	$521.39
10.0%	$273.15	$306.59	$343.25	$383.35	$427.11
11.0%	$228.19	$256.08	$286.65	$320.09	$356.58

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.38

Book Value / share($)Yahoo: $4.16

Results

Graham Number$5.96

Current Price$14.07

Margin of Safety-57.6%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 10.88%

Terminal growth rate(%)

Computed WACC: 10.88%

Cost of equity (Re)11.13%(Rf 4.30% + β 1.24 × 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)97.80%

Debt weight (D/V)2.20%

Results

Current Price$14.07

Implied Near-term FCF Growth16.6%

Historical Revenue Growth30.7%

Historical Earnings Growth77.5%

Base FCF (TTM)$46.79M

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$14.07

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $74.62M

Target EV/EBITDA multipleCurrent: 16.2×

Net Debt($B)Default: $21.60M

Results

Implied Equity Value / share$14.07

Current Price$14.07

Upside / Downside+0.0%

Implied EV$1.21B

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

Mult \ Net Debt	-$1.98B	-$978.40M	$21.60M	$1.02B	$2.02B
12.2x	$34.21	$22.38	$10.54	$-1.29	$-13.13
14.2x	$35.98	$24.14	$12.31	$0.47	$-11.36
16.2x	$37.74	$25.91	$14.07	$2.24	$-9.60
18.2x	$39.51	$27.67	$15.84	$4.00	$-7.83
20.2x	$41.28	$29.44	$17.61	$5.77	$-6.06

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