NRO

NRO — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($3.09)
DCF$2.49-19.5%
Graham Number
Reverse DCFimplied g: 31.4%
DDM$7.62+146.7%
EV/EBITDA

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $3.40M
Rev: 28.5% / EPS: -87.9%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$2.48
Current Price$3.09
Upside / Downside-19.7%
Net Debt (used)$70.00M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term20.5%24.5%28.5%32.5%36.5%
7.0%$2.94$3.63$4.42$5.31$6.30
8.0%$2.11$2.65$3.27$3.97$4.75
9.0%$1.53$1.98$2.48$3.05$3.69
10.0%$1.12$1.49$1.91$2.38$2.92
11.0%$0.80$1.12$1.48$1.88$2.33

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $-0.18
Yahoo: $3.26

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.
Graham Number
Current Price$3.09
Margin of Safety
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$3.09
Implied Near-term FCF Growth31.4%
Historical Revenue Growth28.5%
Historical Earnings Growth-87.9%
Base FCF (TTM)$3.40M
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: $0.37

Results

DDM Intrinsic Value / share$7.62
Current Price$3.09
Upside / Downside+146.7%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: —
Current: —×
Default: $70.00M

Results

Implied Equity Value / share$-1.10
Current Price$3.09
Upside / Downside-135.8%
Implied EV$0