PDFS — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($33.77)
DCF	$-14.72	-143.6%
Graham Number	—	—
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$34.10	+1.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$10.20M

Near-term growth (yrs 1–5)(%)Rev: 24.6% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 12.23%

Computed WACC: 12.23%

Cost of equity (Re)12.90%(Rf 4.30% + β 1.56 × 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)94.83%

Debt weight (D/V)5.17%

Results

Intrinsic Value / share$-9.34

Current Price$33.77

Upside / Downside-127.7%

Net Debt (used)$30.60M

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

WACC \ Near-term	16.6%	20.6%	24.6%	28.6%	32.6%
7.0%	$-16.27	$-18.99	$-22.10	$-25.63	$-29.61
8.0%	$-13.12	$-15.27	$-17.73	$-20.50	$-23.64
9.0%	$-10.96	$-12.72	$-14.72	$-16.99	$-19.55
10.0%	$-9.39	$-10.87	$-12.54	$-14.44	$-16.58
11.0%	$-8.21	$-9.46	$-10.89	$-12.51	$-14.33

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.02

Book Value / share($)Yahoo: $6.85

Results

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

Graham Number—

Current Price$33.77

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 12.23%

Terminal growth rate(%)

Computed WACC: 12.23%

Cost of equity (Re)12.90%(Rf 4.30% + β 1.56 × 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)94.83%

Debt weight (D/V)5.17%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$33.77

Implied Near-term FCF Growth—

Historical Revenue Growth24.6%

Historical Earnings Growth—

Base FCF (TTM)-$10.20M

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$33.77

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $18.02M

Target EV/EBITDA multipleCurrent: 76.5×

Net Debt($B)Default: $30.60M

Results

Implied Equity Value / share$34.10

Current Price$33.77

Upside / Downside+1.0%

Implied EV$1.38B

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

Mult \ Net Debt	-$1.97B	-$969.40M	$30.60M	$1.03B	$2.03B
72.5x	$82.90	$57.59	$32.28	$6.97	$-18.34
74.5x	$83.81	$58.50	$33.19	$7.88	$-17.43
76.5x	$84.72	$59.41	$34.10	$8.80	$-16.51
78.5x	$85.63	$60.32	$35.02	$9.71	$-15.60
80.5x	$86.54	$61.24	$35.93	$10.62	$-14.69

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