SND — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($4.20)
DCF	$14.60	+247.5%
Graham Number	$3.72	-11.4%
Reverse DCF	—	implied g: -15.3%
DDM	—	—
EV/EBITDA	$5.69	+35.5%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $33.79M

Near-term growth (yrs 1–5)(%)Rev: -5.8% / EPS: -73.5%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.15%

Computed WACC: 5.15%

Cost of equity (Re)6.27%(Rf 4.30% + β 0.36 × 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)82.18%

Debt weight (D/V)17.82%

Results

Intrinsic Value / share$36.57

Current Price$4.20

Upside / Downside+770.8%

Net Debt (used)$13.63M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$14.72	$17.77	$21.32	$25.42	$30.14
8.0%	$12.04	$14.50	$17.34	$20.64	$24.42
9.0%	$10.19	$12.23	$14.60	$17.33	$20.47
10.0%	$8.82	$10.56	$12.58	$14.91	$17.58
11.0%	$7.78	$9.29	$11.04	$13.06	$15.37

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.10

Book Value / share($)Yahoo: $6.16

Results

Graham Number$3.72

Current Price$4.20

Margin of Safety-11.4%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.15%

Terminal growth rate(%)

Computed WACC: 5.15%

Cost of equity (Re)6.27%(Rf 4.30% + β 0.36 × 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)82.18%

Debt weight (D/V)17.82%

Results

Current Price$4.20

Implied Near-term FCF Growth-20.0%

Historical Revenue Growth-5.8%

Historical Earnings Growth-73.5%

Base FCF (TTM)$33.79M

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$4.20

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $24.24M

Target EV/EBITDA multipleCurrent: 9.9×

Net Debt($B)Default: $13.63M

Results

Implied Equity Value / share$5.69

Current Price$4.20

Upside / Downside+35.5%

Implied EV$239.60M

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

Mult \ Net Debt	-$1.99B	-$986.37M	$13.63M	$1.01B	$2.01B
5.9x	$53.61	$28.43	$3.25	$-21.93	$-47.11
7.9x	$54.83	$29.65	$4.47	$-20.71	$-45.89
9.9x	$56.05	$30.87	$5.69	$-19.49	$-44.67
11.9x	$57.27	$32.09	$6.91	$-18.27	$-43.45
13.9x	$58.49	$33.31	$8.13	$-17.05	$-42.23

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