RAY

RAY — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($4.43)
DCF$53.55+1108.9%
Graham Number$9.66+118.1%
Reverse DCFimplied g: -20.0%
DDM
EV/EBITDA

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $2.15M
Rev: -13.1% / EPS: -42.8%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$53.55
Current Price$4.43
Upside / Downside+1108.9%
Net Debt (used)-$121.54M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-3.0%1.0%5.0%9.0%13.0%
7.0%$53.66$56.26$59.27$62.76$66.78
8.0%$51.38$53.47$55.89$58.69$61.92
9.0%$49.80$51.54$53.55$55.88$58.55
10.0%$48.64$50.12$51.84$53.82$56.09
11.0%$47.75$49.04$50.53$52.24$54.21

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $0.75
Yahoo: $5.53

Results

Graham Number$9.66
Current Price$4.43
Margin of Safety+118.1%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$4.43
Implied Near-term FCF Growth-20.0%
Historical Revenue Growth-13.1%
Historical Earnings Growth-42.8%
Base FCF (TTM)$2.15M
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: —

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$4.43
Upside / Downside
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: —
Current: —×
Default: -$121.54M

Results

Implied Equity Value / share$40.84
Current Price$4.43
Upside / Downside+822.0%
Implied EV$0