RARE — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($23.02)
DCF	$-156.79	-781.1%
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: -$251.12M

Near-term growth (yrs 1–5)(%)Rev: 25.9% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 3.48%

Computed WACC: 3.48%

Cost of equity (Re)5.44%(Rf 4.30% + β 0.21 × 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)63.99%

Debt weight (D/V)36.01%

Results

Intrinsic Value / share$-1200.90

Current Price$23.02

Upside / Downside-5316.8%

Net Debt (used)$572.00M

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

WACC \ Near-term	17.9%	21.9%	25.9%	29.9%	33.9%
7.0%	$-174.70	$-204.15	$-237.65	$-275.60	$-318.44
8.0%	$-140.24	$-163.45	$-189.84	$-219.73	$-253.44
9.0%	$-116.59	$-135.53	$-157.05	$-181.41	$-208.88
10.0%	$-99.41	$-115.26	$-133.25	$-153.60	$-176.54
11.0%	$-86.41	$-99.92	$-115.25	$-132.58	$-152.10

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-5.83

Book Value / share($)Yahoo: $-0.83

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$23.02

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 3.48%

Terminal growth rate(%)

Computed WACC: 3.48%

Cost of equity (Re)5.44%(Rf 4.30% + β 0.21 × 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)63.99%

Debt weight (D/V)36.01%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$23.02

Implied Near-term FCF Growth—

Historical Revenue Growth25.9%

Historical Earnings Growth—

Base FCF (TTM)-$251.12M

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$23.02

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$500.00M

Target EV/EBITDA multipleCurrent: -5.6×

Net Debt($B)Default: $572.00M

Results

Implied Equity Value / share$23.05

Current Price$23.02

Upside / Downside+0.1%

Implied EV$2.80B

← Overview Financial Statements ← Companies