SBC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($3.90)
DCF	$-102827.53	-2636703.4%
Graham Number	$4.78	+22.6%
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$3.90	+0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$9.32M

Near-term growth (yrs 1–5)(%)Rev: -18.3% / EPS: 319.4%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.88%

Computed WACC: 9.88%

Cost of equity (Re)10.55%(Rf 4.30% + β 1.14 × ERP 5.50%)

Cost of debt (Rd)0.43%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)93.42%

Debt weight (D/V)6.58%

Results

Intrinsic Value / share$-84733.90

Current Price$3.90

Upside / Downside-2172764.1%

Net Debt (used)-$99.28M

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

WACC \ Near-term	311.4%	315.4%	319.4%	323.4%	327.4%
7.0%	$-157288.38	$-165084.71	$-173187.17	$-181604.69	$-190346.38
8.0%	$-119129.20	$-125034.02	$-131170.70	$-137546.01	$-144166.82
9.0%	$-93388.04	$-98016.91	$-102827.53	$-107825.21	$-113015.35
10.0%	$-75043.49	$-78763.05	$-82628.65	$-86644.57	$-90815.13
11.0%	$-61441.97	$-64487.33	$-67652.25	$-70940.24	$-74354.84

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.42

Book Value / share($)Yahoo: $2.42

Results

Graham Number$4.78

Current Price$3.90

Margin of Safety+22.6%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.88%

Terminal growth rate(%)

Computed WACC: 9.88%

Cost of equity (Re)10.55%(Rf 4.30% + β 1.14 × ERP 5.50%)

Cost of debt (Rd)0.43%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)93.42%

Debt weight (D/V)6.58%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$3.90

Implied Near-term FCF Growth—

Historical Revenue Growth-18.3%

Historical Earnings Growth319.4%

Base FCF (TTM)-$9.32M

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$3.90

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $77.36M

Target EV/EBITDA multipleCurrent: 3.9×

Net Debt($B)Default: -$99.28M

Results

Implied Equity Value / share$3.90

Current Price$3.90

Upside / Downside+0.0%

Implied EV$300.84M

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

Mult \ Net Debt	-$2.10B	-$1.10B	-$99.28M	$900.72M	$1.90B
-0.1x	$20.38	$10.63	$0.88	$-8.86	$-18.61
1.9x	$21.89	$12.14	$2.39	$-7.36	$-17.11
3.9x	$23.40	$13.65	$3.90	$-5.85	$-15.60
5.9x	$24.91	$15.16	$5.41	$-4.34	$-14.09
7.9x	$26.41	$16.67	$6.92	$-2.83	$-12.58

← Overview Financial Statements ← Companies