NREF-PA

NREF-PA — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($24.48)
DCF$-4430718192.00-18096825671.6%
Graham Number$40.62+65.9%
Reverse DCF
DDM$43.88+79.2%
EV/EBITDA

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: —
Rev: 39.5% / EPS: 108.5%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$-4430718192.00
Current Price$24.48
Upside / Downside-18096825671.6%
Net Debt (used)$4.43B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term100.5%104.5%108.5%112.5%116.5%
7.0%$-4430718192.00$-4430718192.00$-4430718192.00$-4430718192.00$-4430718192.00
8.0%$-4430718192.00$-4430718192.00$-4430718192.00$-4430718192.00$-4430718192.00
9.0%$-4430718192.00$-4430718192.00$-4430718192.00$-4430718192.00$-4430718192.00
10.0%$-4430718192.00$-4430718192.00$-4430718192.00$-4430718192.00$-4430718192.00
11.0%$-4430718192.00$-4430718192.00$-4430718192.00$-4430718192.00$-4430718192.00

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $3.49
Yahoo: $20.99

Results

Graham Number$40.62
Current Price$24.48
Margin of Safety+65.9%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Reverse DCF requires positive TTM free cash flow.
Current Price$24.48
Implied Near-term FCF Growth
Historical Revenue Growth39.5%
Historical Earnings Growth108.5%
Base FCF (TTM)
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

Yahoo: $2.13

Results

DDM Intrinsic Value / share$43.88
Current Price$24.48
Upside / Downside+79.2%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: —
Current: —×
Default: $4.43B

Results

Implied Equity Value / share$-4430718192.00
Current Price$24.48
Upside / Downside-18096825671.6%
Implied EV$0