SMTC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($96.30)
DCF	$33.67	-65.0%
Graham Number	$8.79	-90.9%
Reverse DCF	—	implied g: 30.2%
DDM	—	—
EV/EBITDA	$96.30	+0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $125.73M

Near-term growth (yrs 1–5)(%)Rev: 12.7% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 15.06%

Computed WACC: 15.06%

Cost of equity (Re)15.49%(Rf 4.30% + β 2.04 × ERP 5.50%)

Cost of debt (Rd)9.60%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)94.53%

Debt weight (D/V)5.47%

Results

Intrinsic Value / share$14.28

Current Price$96.30

Upside / Downside-85.2%

Net Debt (used)$341.64M

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

WACC \ Near-term	4.7%	8.7%	12.7%	16.7%	20.7%
7.0%	$35.52	$43.04	$51.72	$61.69	$73.07
8.0%	$28.08	$34.08	$41.00	$48.93	$57.98
9.0%	$22.95	$27.91	$33.61	$40.14	$47.59
10.0%	$19.20	$23.39	$28.21	$33.73	$40.02
11.0%	$16.35	$19.96	$24.11	$28.85	$34.25

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.56

Book Value / share($)Yahoo: $6.13

Results

Graham Number$8.79

Current Price$96.30

Margin of Safety-90.9%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 15.06%

Terminal growth rate(%)

Computed WACC: 15.06%

Cost of equity (Re)15.49%(Rf 4.30% + β 2.04 × ERP 5.50%)

Cost of debt (Rd)9.60%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)94.53%

Debt weight (D/V)5.47%

Results

Current Price$96.30

Implied Near-term FCF Growth47.5%

Historical Revenue Growth12.7%

Historical Earnings Growth—

Base FCF (TTM)$125.73M

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$96.30

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $165.41M

Target EV/EBITDA multipleCurrent: 55.9×

Net Debt($B)Default: $341.64M

Results

Implied Equity Value / share$96.30

Current Price$96.30

Upside / Downside+0.0%

Implied EV$9.25B

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

Mult \ Net Debt	-$1.66B	-$658.36M	$341.64M	$1.34B	$2.34B
51.9x	$110.76	$99.96	$89.15	$78.34	$67.54
53.9x	$114.34	$103.53	$92.73	$81.92	$71.11
55.9x	$117.91	$107.11	$96.30	$85.49	$74.69
57.9x	$121.49	$110.68	$99.87	$89.07	$78.26
59.9x	$125.06	$114.26	$103.45	$92.64	$81.84

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