RES — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($6.00)
DCF	$-2.33	-138.8%
Graham Number	$4.14	-31.1%
Reverse DCF	—	—
DDM	$3.30	-45.1%
EV/EBITDA	$5.74	-4.4%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$10.47M

Near-term growth (yrs 1–5)(%)Rev: 27.0% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 7.91%

Computed WACC: 7.91%

Cost of equity (Re)8.38%(Rf 4.30% + β 0.74 × 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)94.48%

Debt weight (D/V)5.52%

Results

Intrinsic Value / share$-3.03

Current Price$6.00

Upside / Downside-150.6%

Net Debt (used)-$132.59M

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

WACC \ Near-term	19.0%	23.0%	27.0%	31.0%	35.0%
7.0%	$-2.68	$-3.25	$-3.90	$-4.63	$-5.45
8.0%	$-2.01	$-2.46	$-2.97	$-3.54	$-4.19
9.0%	$-1.55	$-1.91	$-2.33	$-2.79	$-3.32
10.0%	$-1.21	$-1.52	$-1.86	$-2.25	$-2.69
11.0%	$-0.96	$-1.22	$-1.51	$-1.85	$-2.22

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.15

Book Value / share($)Yahoo: $5.07

Results

Graham Number$4.14

Current Price$6.00

Margin of Safety-31.1%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 7.91%

Terminal growth rate(%)

Computed WACC: 7.91%

Cost of equity (Re)8.38%(Rf 4.30% + β 0.74 × 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)94.48%

Debt weight (D/V)5.52%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$6.00

Implied Near-term FCF Growth—

Historical Revenue Growth27.0%

Historical Earnings Growth—

Base FCF (TTM)-$10.47M

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: $0.16

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$3.30

Current Price$6.00

Upside / Downside-45.1%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $219.64M

Target EV/EBITDA multipleCurrent: 5.2×

Net Debt($B)Default: -$132.59M

Results

Implied Equity Value / share$5.74

Current Price$6.00

Upside / Downside-4.4%

Implied EV$1.13B

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

Mult \ Net Debt	-$2.13B	-$1.13B	-$132.59M	$867.41M	$1.87B
1.2x	$10.82	$6.29	$1.76	$-2.78	$-7.31
3.2x	$12.81	$8.28	$3.75	$-0.79	$-5.32
5.2x	$14.81	$10.27	$5.74	$1.20	$-3.33
7.2x	$16.80	$12.26	$7.73	$3.20	$-1.34
9.2x	$18.79	$14.26	$9.72	$5.19	$0.65

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