RNGR — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($17.46)
DCF	$34.86	+99.6%
Graham Number	$13.62	-22.0%
Reverse DCF	—	implied g: -7.0%
DDM	$4.94	-71.7%
EV/EBITDA	$16.22	-7.1%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $45.91M

Near-term growth (yrs 1–5)(%)Rev: -15.8% / EPS: -87.2%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 4.79%

Computed WACC: 4.79%

Cost of equity (Re)5.14%(Rf 4.30% + β 0.15 × 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)93.13%

Debt weight (D/V)6.87%

Results

Intrinsic Value / share$98.57

Current Price$17.46

Upside / Downside+464.6%

Net Debt (used)-$14.80M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$35.15	$42.13	$50.25	$59.65	$70.48
8.0%	$29.01	$34.63	$41.15	$48.70	$57.38
9.0%	$24.75	$29.43	$34.86	$41.12	$48.32
10.0%	$21.63	$25.62	$30.24	$35.57	$41.68
11.0%	$19.23	$22.70	$26.71	$31.33	$36.62

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.66

Book Value / share($)Yahoo: $12.49

Results

Graham Number$13.62

Current Price$17.46

Margin of Safety-22.0%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 4.79%

Terminal growth rate(%)

Computed WACC: 4.79%

Cost of equity (Re)5.14%(Rf 4.30% + β 0.15 × 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)93.13%

Debt weight (D/V)6.87%

Results

Current Price$17.46

Implied Near-term FCF Growth-20.0%

Historical Revenue Growth-15.8%

Historical Earnings Growth-87.2%

Base FCF (TTM)$45.91M

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: $0.24

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$4.94

Current Price$17.46

Upside / Downside-71.7%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $63.70M

Target EV/EBITDA multipleCurrent: 5.8×

Net Debt($B)Default: -$14.80M

Results

Implied Equity Value / share$16.22

Current Price$17.46

Upside / Downside-7.1%

Implied EV$367.10M

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

Mult \ Net Debt	-$2.01B	-$1.01B	-$14.80M	$985.20M	$1.99B
1.8x	$90.32	$47.86	$5.40	$-37.07	$-79.53
3.8x	$95.73	$53.27	$10.81	$-31.66	$-74.12
5.8x	$101.14	$58.68	$16.22	$-26.25	$-68.71
7.8x	$106.55	$64.09	$21.63	$-20.84	$-63.30
9.8x	$111.96	$69.50	$27.04	$-15.43	$-57.89

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