SNFCA — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($9.27)
DCF	$20.23	+118.2%
Graham Number	$15.69	+69.3%
Reverse DCF	—	implied g: -7.4%
DDM	—	—
EV/EBITDA	$10.22	+10.3%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $26.91M

Near-term growth (yrs 1–5)(%)Rev: 1.2% / EPS: -34.0%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.54%

Computed WACC: 6.54%

Cost of equity (Re)8.40%(Rf 4.30% + β 0.74 × ERP 5.50%)

Cost of debt (Rd)3.45%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)67.25%

Debt weight (D/V)32.75%

Results

Intrinsic Value / share$33.23

Current Price$9.27

Upside / Downside+258.5%

Net Debt (used)$19.30M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$20.41	$24.71	$29.72	$35.51	$42.18
8.0%	$16.63	$20.09	$24.11	$28.76	$34.11
9.0%	$14.00	$16.89	$20.23	$24.09	$28.52
10.0%	$12.08	$14.54	$17.39	$20.67	$24.44
11.0%	$10.60	$12.74	$15.21	$18.06	$21.32

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.74

Book Value / share($)Yahoo: $14.79

Results

Graham Number$15.69

Current Price$9.27

Margin of Safety+69.3%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.54%

Terminal growth rate(%)

Computed WACC: 6.54%

Cost of equity (Re)8.40%(Rf 4.30% + β 0.74 × ERP 5.50%)

Cost of debt (Rd)3.45%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)67.25%

Debt weight (D/V)32.75%

Results

Current Price$9.27

Implied Near-term FCF Growth-13.8%

Historical Revenue Growth1.2%

Historical Earnings Growth-34.0%

Base FCF (TTM)$26.91M

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$9.27

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $37.98M

Target EV/EBITDA multipleCurrent: 6.5×

Net Debt($B)Default: $19.30M

Results

Implied Equity Value / share$10.22

Current Price$9.27

Upside / Downside+10.3%

Implied EV$248.27M

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

Mult \ Net Debt	-$1.98B	-$980.70M	$19.30M	$1.02B	$2.02B
2.5x	$92.73	$48.09	$3.44	$-41.21	$-85.85
4.5x	$96.12	$51.48	$6.83	$-37.82	$-82.46
6.5x	$99.52	$54.87	$10.22	$-34.42	$-79.07
8.5x	$102.91	$58.26	$13.61	$-31.03	$-75.68
10.5x	$106.30	$61.65	$17.01	$-27.64	$-72.29

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