SHIM — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($3.90)
DCF	$-30.57	-883.9%
Graham Number	—	—
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$59.08M

Near-term growth (yrs 1–5)(%)Rev: -14.5% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 4.66%

Computed WACC: 4.66%

Cost of equity (Re)7.17%(Rf 4.30% + β 0.52 × 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)64.93%

Debt weight (D/V)35.07%

Results

Intrinsic Value / share$-89.49

Current Price$3.90

Upside / Downside-2394.7%

Net Debt (used)$57.84M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-30.82	$-36.73	$-43.60	$-51.55	$-60.71
8.0%	$-25.62	$-30.38	$-35.90	$-42.28	$-49.63
9.0%	$-22.02	$-25.98	$-30.57	$-35.87	$-41.96
10.0%	$-19.38	$-22.76	$-26.67	$-31.18	$-36.35
11.0%	$-17.36	$-20.29	$-23.68	$-27.59	$-32.07

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-1.79

Book Value / share($)Yahoo: $-1.47

Results

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

Graham Number—

Current Price$3.90

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 4.66%

Terminal growth rate(%)

Computed WACC: 4.66%

Cost of equity (Re)7.17%(Rf 4.30% + β 0.52 × 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)64.93%

Debt weight (D/V)35.07%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$3.90

Implied Near-term FCF Growth—

Historical Revenue Growth-14.5%

Historical Earnings Growth—

Base FCF (TTM)-$59.08M

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: -$43.70M

Target EV/EBITDA multipleCurrent: -4.2×

Net Debt($B)Default: $57.84M

Results

Implied Equity Value / share$3.54

Current Price$3.90

Upside / Downside-9.2%

Implied EV$184.62M

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