REI — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($1.51)
DCF	$-5.18	-442.7%
Graham Number	—	—
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$1.51	+0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$36.50M

Near-term growth (yrs 1–5)(%)Rev: -11.9% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 3.84%

Computed WACC: 3.84%

Cost of equity (Re)9.13%(Rf 4.30% + β 0.88 × 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)42.01%

Debt weight (D/V)57.99%

Results

Intrinsic Value / share$-17.24

Current Price$1.51

Upside / Downside-1241.6%

Net Debt (used)$431.56M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-5.20	$-5.83	$-6.57	$-7.42	$-8.39
8.0%	$-4.65	$-5.15	$-5.74	$-6.43	$-7.21
9.0%	$-4.26	$-4.68	$-5.18	$-5.74	$-6.39
10.0%	$-3.98	$-4.34	$-4.76	$-5.24	$-5.79
11.0%	$-3.76	$-4.08	$-4.44	$-4.86	$-5.33

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.08

Book Value / share($)Yahoo: $4.09

Results

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

Graham Number—

Current Price$1.51

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 3.84%

Terminal growth rate(%)

Computed WACC: 3.84%

Cost of equity (Re)9.13%(Rf 4.30% + β 0.88 × 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)42.01%

Debt weight (D/V)57.99%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$1.51

Implied Near-term FCF Growth—

Historical Revenue Growth-11.9%

Historical Earnings Growth—

Base FCF (TTM)-$36.50M

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$1.51

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $194.65M

Target EV/EBITDA multipleCurrent: 3.8×

Net Debt($B)Default: $431.56M

Results

Implied Equity Value / share$1.51

Current Price$1.51

Upside / Downside+0.0%

Implied EV$744.55M

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

Mult \ Net Debt	-$1.57B	-$568.44M	$431.56M	$1.43B	$2.43B
-0.2x	$7.40	$2.58	$-2.25	$-7.07	$-11.90
1.8x	$9.28	$4.46	$-0.37	$-5.19	$-10.02
3.8x	$11.16	$6.34	$1.51	$-3.32	$-8.14
5.8x	$13.04	$8.21	$3.39	$-1.44	$-6.26
7.8x	$14.92	$10.09	$5.27	$0.44	$-4.38

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