RYAM — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($9.55)
DCF	$-22.34	-333.8%
Graham Number	—	—
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$9.67	+1.2%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$42.80M

Near-term growth (yrs 1–5)(%)Rev: -12.0% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 7.15%

Computed WACC: 7.15%

Cost of equity (Re)16.32%(Rf 4.30% + β 2.19 × 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)43.78%

Debt weight (D/V)56.22%

Results

Intrinsic Value / share$-26.85

Current Price$9.55

Upside / Downside-381.0%

Net Debt (used)$745.21M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-22.43	$-24.72	$-27.38	$-30.46	$-34.01
8.0%	$-20.42	$-22.26	$-24.40	$-26.87	$-29.72
9.0%	$-19.03	$-20.56	$-22.34	$-24.39	$-26.75
10.0%	$-18.00	$-19.31	$-20.82	$-22.57	$-24.57
11.0%	$-17.22	$-18.35	$-19.67	$-21.18	$-22.92

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-6.29

Book Value / share($)Yahoo: $5.05

Results

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

Graham Number—

Current Price$9.55

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 7.15%

Terminal growth rate(%)

Computed WACC: 7.15%

Cost of equity (Re)16.32%(Rf 4.30% + β 2.19 × 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)43.78%

Debt weight (D/V)56.22%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$9.55

Implied Near-term FCF Growth—

Historical Revenue Growth-12.0%

Historical Earnings Growth—

Base FCF (TTM)-$42.80M

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$9.55

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $139.12M

Target EV/EBITDA multipleCurrent: 10.0×

Net Debt($B)Default: $745.21M

Results

Implied Equity Value / share$9.67

Current Price$9.55

Upside / Downside+1.2%

Implied EV$1.39B

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

Mult \ Net Debt	-$1.25B	-$254.79M	$745.21M	$1.75B	$2.75B
6.0x	$31.21	$16.29	$1.36	$-13.56	$-28.49
8.0x	$35.36	$20.44	$5.52	$-9.41	$-24.33
10.0x	$39.52	$24.59	$9.67	$-5.26	$-20.18
12.0x	$43.67	$28.74	$13.82	$-1.10	$-16.03
14.0x	$47.82	$32.90	$17.97	$3.05	$-11.88

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