SGC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($9.96)
DCF	$-3.56	-135.7%
Graham Number	$9.92	-0.4%
Reverse DCF	—	implied g: 38.5%
DDM	$11.54	+15.8%
EV/EBITDA	$9.96	+0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $2.22M

Near-term growth (yrs 1–5)(%)Rev: -7.5% / EPS: -45.5%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.49%

Computed WACC: 9.49%

Cost of equity (Re)12.27%(Rf 4.30% + β 1.45 × ERP 5.50%)

Cost of debt (Rd)7.02%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)58.58%

Debt weight (D/V)41.42%

Results

Intrinsic Value / share$-3.73

Current Price$9.96

Upside / Downside-137.4%

Net Debt (used)$95.80M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-3.53	$-3.04	$-2.46	$-1.79	$-1.01
8.0%	$-3.97	$-3.57	$-3.11	$-2.57	$-1.95
9.0%	$-4.28	$-3.94	$-3.56	$-3.11	$-2.59
10.0%	$-4.50	$-4.22	$-3.89	$-3.50	$-3.07
11.0%	$-4.67	$-4.42	$-4.14	$-3.81	$-3.43

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.36

Book Value / share($)Yahoo: $12.14

Results

Graham Number$9.92

Current Price$9.96

Margin of Safety-0.4%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.49%

Terminal growth rate(%)

Computed WACC: 9.49%

Cost of equity (Re)12.27%(Rf 4.30% + β 1.45 × ERP 5.50%)

Cost of debt (Rd)7.02%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)58.58%

Debt weight (D/V)41.42%

Results

Current Price$9.96

Implied Near-term FCF Growth40.3%

Historical Revenue Growth-7.5%

Historical Earnings Growth-45.5%

Base FCF (TTM)$2.22M

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: $0.56

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$11.54

Current Price$9.96

Upside / Downside+15.8%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $24.84M

Target EV/EBITDA multipleCurrent: 10.3×

Net Debt($B)Default: $95.80M

Results

Implied Equity Value / share$9.96

Current Price$9.96

Upside / Downside+0.0%

Implied EV$254.85M

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

Mult \ Net Debt	-$1.90B	-$904.20M	$95.80M	$1.10B	$2.10B
6.3x	$128.98	$66.36	$3.74	$-58.88	$-121.51
8.3x	$132.09	$69.47	$6.85	$-55.77	$-118.39
10.3x	$135.20	$72.58	$9.96	$-52.66	$-115.28
12.3x	$138.32	$75.69	$13.07	$-49.55	$-112.17
14.3x	$141.43	$78.80	$16.18	$-46.44	$-109.06

← Overview Financial Statements ← Companies