SBDS — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($6.86)
DCF	$-196.10	-2958.7%
Graham Number	—	—
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$27.90	+306.7%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$4.60M

Near-term growth (yrs 1–5)(%)Rev: -43.7% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 1.29%

Computed WACC: 1.29%

Cost of equity (Re)30.82%(Rf 4.30% + β 4.82 × 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)4.19%

Debt weight (D/V)95.81%

Results

Intrinsic Value / share—

Current Price$6.86

Upside / Downside—

Net Debt (used)$242.37M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-196.53	$-206.52	$-218.15	$-231.62	$-247.12
8.0%	$-187.73	$-195.77	$-205.12	$-215.93	$-228.36
9.0%	$-181.63	$-188.33	$-196.10	$-205.08	$-215.38
10.0%	$-177.16	$-182.87	$-189.49	$-197.12	$-205.88
11.0%	$-173.73	$-178.70	$-184.44	$-191.05	$-198.63

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-51.81

Book Value / share($)Yahoo: $60.17

Results

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

Graham Number—

Current Price$6.86

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 1.29%

Terminal growth rate(%)

Computed WACC: 1.29%

Cost of equity (Re)30.82%(Rf 4.30% + β 4.82 × 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)4.19%

Debt weight (D/V)95.81%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$6.86

Implied Near-term FCF Growth—

Historical Revenue Growth-43.7%

Historical Earnings Growth—

Base FCF (TTM)-$4.60M

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$6.86

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $27.30M

Target EV/EBITDA multipleCurrent: 10.6×

Net Debt($B)Default: $242.37M

Results

Implied Equity Value / share$27.90

Current Price$6.86

Upside / Downside+306.7%

Implied EV$288.34M

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

Mult \ Net Debt	-$1.76B	-$757.63M	$242.37M	$1.24B	$2.24B
6.6x	$1175.35	$568.49	$-38.37	$-645.23	$-1252.09
8.6x	$1208.48	$601.62	$-5.24	$-612.09	$-1218.95
10.6x	$1241.62	$634.76	$27.90	$-578.96	$-1185.82
12.6x	$1274.75	$667.89	$61.03	$-545.83	$-1152.69
14.6x	$1307.89	$701.03	$94.17	$-512.69	$-1119.55

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