SLND — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($1.13)
DCF	$13.52	+1096.2%
Graham Number	—	—
Reverse DCF	—	implied g: 4.6%
DDM	—	—
EV/EBITDA	$1.36	+20.4%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $20.60M

Near-term growth (yrs 1–5)(%)Rev: 23.1% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 1.06%

Computed WACC: 1.06%

Cost of equity (Re)6.82%(Rf 4.30% + β 0.46 × 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)15.54%

Debt weight (D/V)84.46%

Results

Intrinsic Value / share—

Current Price$1.13

Upside / Downside—

Net Debt (used)$291.89M

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

WACC \ Near-term	15.1%	19.1%	23.1%	27.1%	31.1%
7.0%	$15.52	$19.24	$23.49	$28.31	$33.77
8.0%	$11.30	$14.24	$17.60	$21.40	$25.71
9.0%	$8.40	$10.81	$13.55	$16.66	$20.17
10.0%	$6.30	$8.31	$10.61	$13.21	$16.15
11.0%	$4.70	$6.43	$8.38	$10.61	$13.11

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-1.75

Book Value / share($)Yahoo: $1.39

Results

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

Graham Number—

Current Price$1.13

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 1.06%

Terminal growth rate(%)

Computed WACC: 1.06%

Cost of equity (Re)6.82%(Rf 4.30% + β 0.46 × 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)15.54%

Debt weight (D/V)84.46%

Results

Current Price$1.13

Implied Near-term FCF Growth65.0%

Historical Revenue Growth23.1%

Historical Earnings Growth—

Base FCF (TTM)$20.60M

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$1.13

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $9.36M

Target EV/EBITDA multipleCurrent: 39.1×

Net Debt($B)Default: $291.89M

Results

Implied Equity Value / share$1.36

Current Price$1.13

Upside / Downside+20.4%

Implied EV$365.50M

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

Mult \ Net Debt	-$1.71B	-$708.11M	$291.89M	$1.29B	$2.29B
35.1x	$37.63	$19.15	$0.67	$-17.81	$-36.29
37.1x	$37.97	$19.49	$1.01	$-17.47	$-35.95
39.1x	$38.32	$19.84	$1.36	$-17.12	$-35.60
41.1x	$38.67	$20.19	$1.71	$-16.77	$-35.25
43.1x	$39.01	$20.53	$2.05	$-16.43	$-34.91

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