SMSI — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($0.53)
DCF	$-1.57	-399.2%
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: -$2.20M

Near-term growth (yrs 1–5)(%)Rev: -6.5% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.87%

Computed WACC: 6.87%

Cost of equity (Re)8.08%(Rf 4.30% + β 0.69 × 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)85.00%

Debt weight (D/V)15.00%

Results

Intrinsic Value / share$-2.33

Current Price$0.53

Upside / Downside-543.2%

Net Debt (used)$975,000

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-1.59	$-1.90	$-2.26	$-2.69	$-3.17
8.0%	$-1.31	$-1.56	$-1.86	$-2.19	$-2.58
9.0%	$-1.12	$-1.33	$-1.57	$-1.85	$-2.18
10.0%	$-0.98	$-1.16	$-1.37	$-1.61	$-1.88
11.0%	$-0.87	$-1.03	$-1.21	$-1.42	$-1.65

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-1.07

Book Value / share($)Yahoo: $0.93

Results

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

Graham Number—

Current Price$0.53

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.87%

Terminal growth rate(%)

Computed WACC: 6.87%

Cost of equity (Re)8.08%(Rf 4.30% + β 0.69 × 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)85.00%

Debt weight (D/V)15.00%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$0.53

Implied Near-term FCF Growth—

Historical Revenue Growth-6.5%

Historical Earnings Growth—

Base FCF (TTM)-$2.20M

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$0.53

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$13.88M

Target EV/EBITDA multipleCurrent: -0.9×

Net Debt($B)Default: $975,000

Results

Implied Equity Value / share$0.45

Current Price$0.53

Upside / Downside-14.4%

Implied EV$12.32M

← Overview Financial Statements ← Companies