RNAM — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($72.82)
DCF	$-28.09	-138.6%
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: -$341.02M

Near-term growth (yrs 1–5)(%)Rev: -71.1% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.37%

Computed WACC: 9.37%

Cost of equity (Re)9.41%(Rf 4.30% + β 0.93 × 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)99.56%

Debt weight (D/V)0.44%

Results

Intrinsic Value / share$-25.98

Current Price$72.82

Upside / Downside-135.7%

Net Debt (used)-$1.65B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-28.42	$-36.33	$-45.52	$-56.17	$-68.43
8.0%	$-21.47	$-27.83	$-35.22	$-43.76	$-53.59
9.0%	$-16.65	$-21.95	$-28.09	$-35.18	$-43.33
10.0%	$-13.11	$-17.63	$-22.86	$-28.90	$-35.82
11.0%	$-10.40	$-14.33	$-18.87	$-24.10	$-30.09

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-4.11

Book Value / share($)Yahoo: $11.17

Results

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

Graham Number—

Current Price$72.82

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.37%

Terminal growth rate(%)

Computed WACC: 9.37%

Cost of equity (Re)9.41%(Rf 4.30% + β 0.93 × 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)99.56%

Debt weight (D/V)0.44%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$72.82

Implied Near-term FCF Growth—

Historical Revenue Growth-71.1%

Historical Earnings Growth—

Base FCF (TTM)-$341.02M

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$72.82

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$741.79M

Target EV/EBITDA multipleCurrent: -13.0×

Net Debt($B)Default: -$1.65B

Results

Implied Equity Value / share$73.14

Current Price$72.82

Upside / Downside+0.4%

Implied EV$9.65B

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