RANI — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($1.36)
DCF	$-2.23	-263.7%
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: -$11.60M

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

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 7.41%

Computed WACC: 7.41%

Cost of equity (Re)6.67%(Rf 4.30% + β 0.43 × ERP 5.50%)

Cost of debt (Rd)18.30%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)90.48%

Debt weight (D/V)9.52%

Results

Intrinsic Value / share$-2.91

Current Price$1.36

Upside / Downside-314.0%

Net Debt (used)$13.41M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-2.24	$-2.67	$-3.17	$-3.74	$-4.40
8.0%	$-1.87	$-2.21	$-2.61	$-3.07	$-3.60
9.0%	$-1.61	$-1.89	$-2.23	$-2.61	$-3.05
10.0%	$-1.42	$-1.66	$-1.94	$-2.27	$-2.64
11.0%	$-1.27	$-1.48	$-1.73	$-2.01	$-2.33

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.77

Book Value / share($)Yahoo: $-0.16

Results

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

Graham Number—

Current Price$1.36

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 7.41%

Terminal growth rate(%)

Computed WACC: 7.41%

Cost of equity (Re)6.67%(Rf 4.30% + β 0.43 × ERP 5.50%)

Cost of debt (Rd)18.30%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)90.48%

Debt weight (D/V)9.52%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$1.36

Implied Near-term FCF Growth—

Historical Revenue Growth—

Historical Earnings Growth—

Base FCF (TTM)-$11.60M

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$1.36

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$40.04M

Target EV/EBITDA multipleCurrent: -3.5×

Net Debt($B)Default: $13.41M

Results

Implied Equity Value / share$1.32

Current Price$1.36

Upside / Downside-3.1%

Implied EV$141.94M

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