RMAX — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($6.28)
DCF	$11.79	+87.7%
Graham Number	$14.23	+126.7%
Reverse DCF	—	implied g: 1.4%
DDM	—	—
EV/EBITDA	$-17.62	-380.6%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $32.94M

Near-term growth (yrs 1–5)(%)Rev: -1.8% / EPS: -75.7%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 2.45%

Computed WACC: 2.45%

Cost of equity (Re)11.35%(Rf 4.30% + β 1.28 × 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)21.59%

Debt weight (D/V)78.41%

Results

Intrinsic Value / share—

Current Price$6.28

Upside / Downside—

Net Debt (used)$340.75M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$12.04	$17.89	$24.70	$32.59	$41.67
8.0%	$6.88	$11.60	$17.07	$23.40	$30.68
9.0%	$3.31	$7.24	$11.79	$17.04	$23.08
10.0%	$0.69	$4.04	$7.92	$12.39	$17.52
11.0%	$-1.31	$1.60	$4.96	$8.83	$13.27

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.40

Book Value / share($)Yahoo: $22.51

Results

Graham Number$14.23

Current Price$6.28

Margin of Safety+126.7%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 2.45%

Terminal growth rate(%)

Computed WACC: 2.45%

Cost of equity (Re)11.35%(Rf 4.30% + β 1.28 × 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)21.59%

Debt weight (D/V)78.41%

Results

Current Price$6.28

Implied Near-term FCF Growth65.0%

Historical Revenue Growth-1.8%

Historical Earnings Growth-75.7%

Base FCF (TTM)$32.94M

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$6.28

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $75.06M

Target EV/EBITDA multipleCurrent: -0.2×

Net Debt($B)Default: $340.75M

Results

Implied Equity Value / share$-17.62

Current Price$6.28

Upside / Downside-380.6%

Implied EV-$14.19M

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

Mult \ Net Debt	-$1.66B	-$659.25M	$340.75M	$1.34B	$2.34B
-4.2x	$66.77	$17.12	$-32.53	$-82.17	$-131.82
-2.2x	$74.22	$24.57	$-25.07	$-74.72	$-124.37
-0.2x	$81.67	$32.03	$-17.62	$-67.27	$-116.91
1.8x	$89.12	$39.48	$-10.17	$-59.82	$-109.46
3.8x	$96.58	$46.93	$-2.72	$-52.36	$-102.01

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