RNAC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($7.60)
DCF	$-58.79	-873.5%
Graham Number	—	—
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$47.68M

Near-term growth (yrs 1–5)(%)Rev: 16.8% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.15%

Computed WACC: 6.15%

Cost of equity (Re)6.54%(Rf 4.30% + β 0.41 × 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)94.01%

Debt weight (D/V)5.99%

Results

Intrinsic Value / share$-115.29

Current Price$7.60

Upside / Downside-1617.0%

Net Debt (used)-$130.78M

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

WACC \ Near-term	8.8%	12.8%	16.8%	20.8%	24.8%
7.0%	$-63.43	$-76.19	$-90.85	$-107.60	$-126.66
8.0%	$-50.08	$-60.22	$-71.86	$-85.14	$-100.24
9.0%	$-40.90	$-49.23	$-58.79	$-69.69	$-82.08
10.0%	$-34.20	$-41.22	$-49.27	$-58.44	$-68.85
11.0%	$-29.11	$-35.14	$-42.04	$-49.90	$-58.82

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-1.33

Book Value / share($)Yahoo: $-1.38

Results

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

Graham Number—

Current Price$7.60

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.15%

Terminal growth rate(%)

Computed WACC: 6.15%

Cost of equity (Re)6.54%(Rf 4.30% + β 0.41 × 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)94.01%

Debt weight (D/V)5.99%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$7.60

Implied Near-term FCF Growth—

Historical Revenue Growth16.8%

Historical Earnings Growth—

Base FCF (TTM)-$47.68M

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$7.60

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$81.08M

Target EV/EBITDA multipleCurrent: -0.8×

Net Debt($B)Default: -$130.78M

Results

Implied Equity Value / share$7.60

Current Price$7.60

Upside / Downside-0.0%

Implied EV$66.81M

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