SBSW

SBSW — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($14.91)
DCF$-1316.60-8927.4%
Graham Number
Reverse DCF
DDM$6.80-54.4%
EV/EBITDA$74.51+399.6%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: -$11.41B
Rev: 31.6% / EPS: —
Default: 9% (no SEC data)

Results

Intrinsic Value / share$-1316.60
Current Price$14.91
Upside / Downside-8927.4%
Net Debt (used)$26.73B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term23.6%27.6%31.6%35.6%39.6%
7.0%$-1497.82$-1742.10$-2018.48$-2330.04$-2680.06
8.0%$-1193.12$-1384.95$-1601.89$-1846.34$-2120.86
9.0%$-984.38$-1140.33$-1316.60$-1515.15$-1738.02
10.0%$-833.06$-963.04$-1109.88$-1275.20$-1460.70
11.0%$-718.79$-829.17$-953.82$-1094.09$-1251.42

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $-0.46
Yahoo: $0.87

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.
Graham Number
Current Price$14.91
Margin of Safety
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Reverse DCF requires positive TTM free cash flow.
Current Price$14.91
Implied Near-term FCF Growth
Historical Revenue Growth31.6%
Historical Earnings Growth
Base FCF (TTM)-$11.41B
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

Yahoo: $0.33

Results

DDM Intrinsic Value / share$6.80
Current Price$14.91
Upside / Downside-54.4%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $19.39B
Current: 4.1×
Default: $26.73B

Results

Implied Equity Value / share$74.51
Current Price$14.91
Upside / Downside+399.6%
Implied EV$79.45B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$12.73B$19.73B$26.73B$33.73B$40.73B
0.1x$-15.30$-25.19$-35.08$-44.97$-54.87
2.1x$39.50$29.61$19.71$9.82$-0.07
4.1x$94.29$84.40$74.51$64.62$54.73
6.1x$149.09$139.20$129.31$119.41$109.52
8.1x$203.89$193.99$184.10$174.21$164.32