SLN — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($5.78)
DCF	$-8.82	-252.6%
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: -$29.54M

Near-term growth (yrs 1–5)(%)Rev: -89.4% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 11.73%

Computed WACC: 11.73%

Cost of equity (Re)11.74%(Rf 4.30% + β 1.35 × 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)99.93%

Debt weight (D/V)0.07%

Results

Intrinsic Value / share$-5.54

Current Price$5.78

Upside / Downside-195.8%

Net Debt (used)-$102.01M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-8.91	$-11.15	$-13.76	$-16.77	$-20.24
8.0%	$-6.94	$-8.74	$-10.84	$-13.26	$-16.04
9.0%	$-5.58	$-7.08	$-8.82	$-10.83	$-13.14
10.0%	$-4.58	$-5.86	$-7.34	$-9.05	$-11.01
11.0%	$-3.81	$-4.92	$-6.21	$-7.69	$-9.38

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-1.35

Book Value / share($)Yahoo: $1.57

Results

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

Graham Number—

Current Price$5.78

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 11.73%

Terminal growth rate(%)

Computed WACC: 11.73%

Cost of equity (Re)11.74%(Rf 4.30% + β 1.35 × 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)99.93%

Debt weight (D/V)0.07%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$5.78

Implied Near-term FCF Growth—

Historical Revenue Growth-89.4%

Historical Earnings Growth—

Base FCF (TTM)-$29.54M

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$5.78

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$69.41M

Target EV/EBITDA multipleCurrent: -10.3×

Net Debt($B)Default: -$102.01M

Results

Implied Equity Value / share$17.34

Current Price$5.78

Upside / Downside+200.0%

Implied EV$717.02M

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