RIGL — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($34.68)
DCF	$9410.64	+27035.6%
Graham Number	$30.05	-13.4%
Reverse DCF	—	implied g: -6.4%
DDM	—	—
EV/EBITDA	$34.74	+0.2%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $61.81M

Near-term growth (yrs 1–5)(%)Rev: 25.6% / EPS: 108.6%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 10.33%

Computed WACC: 10.33%

Cost of equity (Re)10.32%(Rf 4.30% + β 1.09 × ERP 5.50%)

Cost of debt (Rd)13.20%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)91.18%

Debt weight (D/V)8.82%

Results

Intrinsic Value / share$7189.28

Current Price$34.68

Upside / Downside+20630.3%

Net Debt (used)-$76.26M

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

WACC \ Near-term	100.6%	104.6%	108.6%	112.6%	116.6%
7.0%	$12714.79	$14030.44	$15452.93	$16988.64	$18644.21
8.0%	$9753.40	$10761.87	$11852.19	$13029.26	$14298.16
9.0%	$7745.33	$8545.52	$9410.64	$10344.55	$11351.29
10.0%	$6306.07	$6957.00	$7660.72	$8420.37	$9239.24
11.0%	$5232.33	$5771.92	$6355.24	$6984.92	$7663.65

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $6.19

Book Value / share($)Yahoo: $6.48

Results

Graham Number$30.05

Current Price$34.68

Margin of Safety-13.4%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 10.33%

Terminal growth rate(%)

Computed WACC: 10.33%

Cost of equity (Re)10.32%(Rf 4.30% + β 1.09 × ERP 5.50%)

Cost of debt (Rd)13.20%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)91.18%

Debt weight (D/V)8.82%

Results

Current Price$34.68

Implied Near-term FCF Growth-3.6%

Historical Revenue Growth25.6%

Historical Earnings Growth108.6%

Base FCF (TTM)$61.81M

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$34.68

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $121.37M

Target EV/EBITDA multipleCurrent: 4.6×

Net Debt($B)Default: -$76.26M

Results

Implied Equity Value / share$34.74

Current Price$34.68

Upside / Downside+0.2%

Implied EV$554.29M

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

Mult \ Net Debt	-$2.08B	-$1.08B	-$76.26M	$923.74M	$1.92B
0.6x	$118.18	$63.09	$7.99	$-47.10	$-102.19
2.6x	$131.55	$76.46	$21.37	$-33.73	$-88.82
4.6x	$144.92	$89.83	$34.74	$-20.35	$-75.45
6.6x	$158.30	$103.20	$48.11	$-6.98	$-62.07
8.6x	$171.67	$116.58	$61.48	$6.39	$-48.70

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