RGS — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($22.76)
DCF	$-2.48	-110.9%
Graham Number	$276.49	+1114.8%
Reverse DCF	—	implied g: 25.5%
DDM	—	—
EV/EBITDA	$22.89	+0.6%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $6.72M

Near-term growth (yrs 1–5)(%)Rev: 22.3% / EPS: -94.1%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 1.75%

Computed WACC: 1.75%

Cost of equity (Re)12.36%(Rf 4.30% + β 1.47 × 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)14.19%

Debt weight (D/V)85.81%

Results

Intrinsic Value / share—

Current Price$22.76

Upside / Downside—

Net Debt (used)$325.67M

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

WACC \ Near-term	14.3%	18.3%	22.3%	26.3%	30.3%
7.0%	$10.55	$35.79	$64.60	$97.35	$134.43
8.0%	$-17.75	$2.20	$24.96	$50.82	$80.08
9.0%	$-37.20	$-20.87	$-2.26	$18.87	$42.77
10.0%	$-51.34	$-37.64	$-22.04	$-4.34	$15.66
11.0%	$-62.05	$-50.35	$-37.03	$-21.92	$-4.86

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $44.99

Book Value / share($)Yahoo: $75.52

Results

Graham Number$276.49

Current Price$22.76

Margin of Safety+1114.8%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 1.75%

Terminal growth rate(%)

Computed WACC: 1.75%

Cost of equity (Re)12.36%(Rf 4.30% + β 1.47 × 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)14.19%

Debt weight (D/V)85.81%

Results

Current Price$22.76

Implied Near-term FCF Growth65.0%

Historical Revenue Growth22.3%

Historical Earnings Growth-94.1%

Base FCF (TTM)$6.72M

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$22.76

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $26.80M

Target EV/EBITDA multipleCurrent: 14.3×

Net Debt($B)Default: $325.67M

Results

Implied Equity Value / share$22.89

Current Price$22.76

Upside / Downside+0.6%

Implied EV$382.88M

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

Mult \ Net Debt	-$1.67B	-$674.33M	$325.67M	$1.33B	$2.33B
10.3x	$780.39	$380.19	$-20.00	$-420.20	$-820.40
12.3x	$801.83	$401.64	$1.44	$-398.75	$-798.95
14.3x	$823.28	$423.09	$22.89	$-377.30	$-777.50
16.3x	$844.73	$444.54	$44.34	$-355.86	$-756.05
18.3x	$866.18	$465.98	$65.79	$-334.41	$-734.60

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