SMRT — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($1.57)
DCF	$-0.97	-161.5%
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: -$15.75M

Near-term growth (yrs 1–5)(%)Rev: -10.6% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 13.87%

Computed WACC: 13.87%

Cost of equity (Re)14.16%(Rf 4.30% + β 1.79 × 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)97.99%

Debt weight (D/V)2.01%

Results

Intrinsic Value / share$-0.33

Current Price$1.57

Upside / Downside-121.2%

Net Debt (used)-$93.92M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-0.98	$-1.28	$-1.62	$-2.02	$-2.49
8.0%	$-0.72	$-0.96	$-1.23	$-1.56	$-1.93
9.0%	$-0.53	$-0.73	$-0.97	$-1.23	$-1.54
10.0%	$-0.40	$-0.57	$-0.77	$-1.00	$-1.26
11.0%	$-0.30	$-0.45	$-0.62	$-0.81	$-1.04

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.36

Book Value / share($)Yahoo: $1.24

Results

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

Graham Number—

Current Price$1.57

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 13.87%

Terminal growth rate(%)

Computed WACC: 13.87%

Cost of equity (Re)14.16%(Rf 4.30% + β 1.79 × 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)97.99%

Debt weight (D/V)2.01%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$1.57

Implied Near-term FCF Growth—

Historical Revenue Growth-10.6%

Historical Earnings Growth—

Base FCF (TTM)-$15.75M

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$1.57

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$45.10M

Target EV/EBITDA multipleCurrent: -4.5×

Net Debt($B)Default: -$93.92M

Results

Implied Equity Value / share$1.57

Current Price$1.57

Upside / Downside-0.0%

Implied EV$203.11M

← Overview Financial Statements ← Companies