SONO — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($14.75)
DCF	$1500.43	+10072.4%
Graham Number	—	—
Reverse DCF	—	implied g: -5.4%
DDM	—	—
EV/EBITDA	$14.83	+0.5%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $154.29M

Near-term growth (yrs 1–5)(%)Rev: -0.9% / EPS: 87.5%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 14.78%

Computed WACC: 14.78%

Cost of equity (Re)15.27%(Rf 4.30% + β 2.00 × 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)96.79%

Debt weight (D/V)3.21%

Results

Intrinsic Value / share$576.57

Current Price$14.75

Upside / Downside+3808.9%

Net Debt (used)-$304.27M

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

WACC \ Near-term	79.5%	83.5%	87.5%	91.5%	95.5%
7.0%	$1969.41	$2197.55	$2446.42	$2717.39	$3011.92
8.0%	$1517.50	$1693.01	$1884.46	$2092.91	$2319.46
9.0%	$1210.59	$1350.38	$1502.84	$1668.83	$1849.23
10.0%	$990.25	$1104.38	$1228.86	$1364.38	$1511.65
11.0%	$825.56	$920.53	$1024.10	$1136.85	$1259.36

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.16

Book Value / share($)Yahoo: $3.67

Results

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

Graham Number—

Current Price$14.75

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 14.78%

Terminal growth rate(%)

Computed WACC: 14.78%

Cost of equity (Re)15.27%(Rf 4.30% + β 2.00 × 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)96.79%

Debt weight (D/V)3.21%

Results

Current Price$14.75

Implied Near-term FCF Growth5.7%

Historical Revenue Growth-0.9%

Historical Earnings Growth87.5%

Base FCF (TTM)$154.29M

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$14.75

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $90.34M

Target EV/EBITDA multipleCurrent: 16.4×

Net Debt($B)Default: -$304.27M

Results

Implied Equity Value / share$14.83

Current Price$14.75

Upside / Downside+0.5%

Implied EV$1.48B

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

Mult \ Net Debt	-$2.30B	-$1.30B	-$304.27M	$695.73M	$1.70B
12.4x	$28.46	$20.14	$11.82	$3.51	$-4.81
14.4x	$29.96	$21.64	$13.33	$5.01	$-3.31
16.4x	$31.46	$23.14	$14.83	$6.51	$-1.81
18.4x	$32.96	$24.65	$16.33	$8.01	$-0.30
20.4x	$34.47	$26.15	$17.83	$9.52	$1.20

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