RSVR — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($9.11)
DCF	$-32.17	-453.1%
Graham Number	$3.58	-60.7%
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$9.13	+0.2%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$81.23M

Near-term growth (yrs 1–5)(%)Rev: 7.7% / EPS: -62.5%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.17%

Computed WACC: 5.17%

Cost of equity (Re)9.15%(Rf 4.30% + β 0.88 × 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)56.49%

Debt weight (D/V)43.51%

Results

Intrinsic Value / share$-70.46

Current Price$9.11

Upside / Downside-873.4%

Net Debt (used)$439.67M

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

WACC \ Near-term	-0.3%	3.7%	7.7%	11.7%	15.7%
7.0%	$-32.82	$-38.01	$-44.03	$-50.98	$-58.96
8.0%	$-28.05	$-32.22	$-37.04	$-42.60	$-48.97
9.0%	$-24.76	$-28.21	$-32.21	$-36.81	$-42.08
10.0%	$-22.34	$-25.28	$-28.67	$-32.57	$-37.04
11.0%	$-20.49	$-23.04	$-25.97	$-29.35	$-33.20

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.10

Book Value / share($)Yahoo: $5.70

Results

Graham Number$3.58

Current Price$9.11

Margin of Safety-60.7%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.17%

Terminal growth rate(%)

Computed WACC: 5.17%

Cost of equity (Re)9.15%(Rf 4.30% + β 0.88 × 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)56.49%

Debt weight (D/V)43.51%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$9.11

Implied Near-term FCF Growth—

Historical Revenue Growth7.7%

Historical Earnings Growth-62.5%

Base FCF (TTM)-$81.23M

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$9.11

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $66.31M

Target EV/EBITDA multipleCurrent: 15.7×

Net Debt($B)Default: $439.67M

Results

Implied Equity Value / share$9.13

Current Price$9.11

Upside / Downside+0.2%

Implied EV$1.04B

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

Mult \ Net Debt	-$1.56B	-$560.33M	$439.67M	$1.44B	$2.44B
11.7x	$35.57	$20.33	$5.09	$-10.16	$-25.40
13.7x	$37.59	$22.35	$7.11	$-8.14	$-23.38
15.7x	$39.62	$24.37	$9.13	$-6.12	$-21.36
17.7x	$41.64	$26.39	$11.15	$-4.09	$-19.34
19.7x	$43.66	$28.42	$13.17	$-2.07	$-17.32

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