PLUG — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($1.79)
DCF	$-4.00	-323.5%
Graham Number	—	—
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$270.11M

Near-term growth (yrs 1–5)(%)Rev: 1.9% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 10.57%

Computed WACC: 10.57%

Cost of equity (Re)14.78%(Rf 4.30% + β 1.91 × 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)71.53%

Debt weight (D/V)28.47%

Results

Intrinsic Value / share$-3.33

Current Price$1.79

Upside / Downside-286.1%

Net Debt (used)$825.53M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-4.03	$-4.73	$-5.53	$-6.47	$-7.55
8.0%	$-3.42	$-3.98	$-4.63	$-5.38	$-6.24
9.0%	$-2.99	$-3.46	$-4.00	$-4.62	$-5.34
10.0%	$-2.68	$-3.08	$-3.54	$-4.07	$-4.68
11.0%	$-2.45	$-2.79	$-3.19	$-3.65	$-4.18

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-2.38

Book Value / share($)Yahoo: $1.18

Results

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

Graham Number—

Current Price$1.79

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 10.57%

Terminal growth rate(%)

Computed WACC: 10.57%

Cost of equity (Re)14.78%(Rf 4.30% + β 1.91 × 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)71.53%

Debt weight (D/V)28.47%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$1.79

Implied Near-term FCF Growth—

Historical Revenue Growth1.9%

Historical Earnings Growth—

Base FCF (TTM)-$270.11M

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$1.79

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$922.26M

Target EV/EBITDA multipleCurrent: -3.6×

Net Debt($B)Default: $825.53M

Results

Implied Equity Value / share$1.82

Current Price$1.79

Upside / Downside+1.9%

Implied EV$3.36B

← Overview Financial Statements ← Companies