SEAT — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($5.82)
DCF	$-11.17	-291.9%
Graham Number	—	—
Reverse DCF	—	implied g: 19.4%
DDM	—	—
EV/EBITDA	$11.70	+101.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $7.99M

Near-term growth (yrs 1–5)(%)Rev: -26.9% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 1.71%

Computed WACC: 1.71%

Cost of equity (Re)9.92%(Rf 4.30% + β 1.02 × 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)17.27%

Debt weight (D/V)82.73%

Results

Intrinsic Value / share—

Current Price$5.82

Upside / Downside—

Net Debt (used)$260.13M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-11.06	$-8.39	$-5.28	$-1.69	$2.45
8.0%	$-13.41	$-11.26	$-8.76	$-5.88	$-2.56
9.0%	$-15.03	$-13.24	$-11.17	$-8.78	$-6.02
10.0%	$-16.23	$-14.70	$-12.93	$-10.90	$-8.56
11.0%	$-17.14	$-15.82	$-14.28	$-12.52	$-10.50

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-28.60

Book Value / share($)Yahoo: $41.82

Results

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

Graham Number—

Current Price$5.82

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 1.71%

Terminal growth rate(%)

Computed WACC: 1.71%

Cost of equity (Re)9.92%(Rf 4.30% + β 1.02 × 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)17.27%

Debt weight (D/V)82.73%

Results

Current Price$5.82

Implied Near-term FCF Growth65.0%

Historical Revenue Growth-26.9%

Historical Earnings Growth—

Base FCF (TTM)$7.99M

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$5.82

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $14.73M

Target EV/EBITDA multipleCurrent: 26.2×

Net Debt($B)Default: $260.13M

Results

Implied Equity Value / share$11.70

Current Price$5.82

Upside / Downside+101.0%

Implied EV$385.58M

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

Mult \ Net Debt	-$1.74B	-$739.87M	$260.13M	$1.26B	$2.26B
22.2x	$192.68	$99.44	$6.20	$-87.04	$-180.27
24.2x	$195.42	$102.19	$8.95	$-84.29	$-177.53
26.2x	$198.17	$104.93	$11.70	$-81.54	$-174.78
28.2x	$200.92	$107.68	$14.44	$-78.79	$-172.03
30.2x	$203.67	$110.43	$17.19	$-76.05	$-169.28

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