SHIP

SHIP — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($14.87)
DCF$-10.78-172.5%
Graham Number$17.50+17.7%
Reverse DCF
DDM$16.48+10.8%
EV/EBITDA$14.70-1.2%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: —
Rev: 18.6% / EPS: 134.1%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$-10.78
Current Price$14.87
Upside / Downside-172.5%
Net Debt (used)$227.51M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term126.1%130.1%134.1%138.1%142.1%
7.0%$-10.78$-10.78$-10.78$-10.78$-10.78
8.0%$-10.78$-10.78$-10.78$-10.78$-10.78
9.0%$-10.78$-10.78$-10.78$-10.78$-10.78
10.0%$-10.78$-10.78$-10.78$-10.78$-10.78
11.0%$-10.78$-10.78$-10.78$-10.78$-10.78

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $1.01
Yahoo: $13.48

Results

Graham Number$17.50
Current Price$14.87
Margin of Safety+17.7%
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$14.87
Implied Near-term FCF Growth
Historical Revenue Growth18.6%
Historical Earnings Growth134.1%
Base FCF (TTM)
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: $0.80

Results

DDM Intrinsic Value / share$16.48
Current Price$14.87
Upside / Downside+10.8%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $77.25M
Current: 7.0×
Default: $227.51M

Results

Implied Equity Value / share$14.70
Current Price$14.87
Upside / Downside-1.2%
Implied EV$537.84M
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$1.77B-$772.49M$227.51M$1.23B$2.23B
3.0x$94.79$47.42$0.06$-47.30$-94.66
5.0x$102.10$54.74$7.38$-39.98$-87.34
7.0x$109.42$62.06$14.70$-32.66$-80.03
9.0x$116.74$69.38$22.02$-25.35$-72.71
11.0x$124.06$76.70$29.33$-18.03$-65.39