RKT — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($16.79)
DCF	$-27.56	-264.1%
Graham Number	—	—
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$49.07	+192.2%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: —

Near-term growth (yrs 1–5)(%)Rev: 52.5% / EPS: -91.4%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 10.46%

Computed WACC: 10.46%

Cost of equity (Re)17.03%(Rf 4.30% + β 2.31 × 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)61.42%

Debt weight (D/V)38.58%

Results

Intrinsic Value / share$-27.56

Current Price$16.79

Upside / Downside-264.1%

Net Debt (used)$26.65B

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

WACC \ Near-term	44.5%	48.5%	52.5%	56.5%	60.5%
7.0%	$-27.56	$-27.56	$-27.56	$-27.56	$-27.56
8.0%	$-27.56	$-27.56	$-27.56	$-27.56	$-27.56
9.0%	$-27.56	$-27.56	$-27.56	$-27.56	$-27.56
10.0%	$-27.56	$-27.56	$-27.56	$-27.56	$-27.56
11.0%	$-27.56	$-27.56	$-27.56	$-27.56	$-27.56

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.03

Book Value / share($)Yahoo: $8.10

Results

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

Graham Number—

Current Price$16.79

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 10.46%

Terminal growth rate(%)

Computed WACC: 10.46%

Cost of equity (Re)17.03%(Rf 4.30% + β 2.31 × 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)61.42%

Debt weight (D/V)38.58%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$16.79

Implied Near-term FCF Growth—

Historical Revenue Growth52.5%

Historical Earnings Growth-91.4%

Base FCF (TTM)—

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$16.79

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $777.03M

Target EV/EBITDA multipleCurrent: 95.4×

Net Debt($B)Default: $26.65B

Results

Implied Equity Value / share$49.07

Current Price$16.79

Upside / Downside+192.2%

Implied EV$74.10B

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

Mult \ Net Debt	$12.65B	$19.65B	$26.65B	$33.65B	$40.65B
91.4x	$60.33	$53.09	$45.85	$38.61	$31.38
93.4x	$61.94	$54.70	$47.46	$40.22	$32.98
95.4x	$63.55	$56.31	$49.07	$41.83	$34.59
97.4x	$65.15	$57.91	$50.67	$43.44	$36.20
99.4x	$66.76	$59.52	$52.28	$45.04	$37.80

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