SPWH — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($1.48)
DCF	$-22.40	-1613.4%
Graham Number	—	—
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$1.48	+0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$17.72M

Near-term growth (yrs 1–5)(%)Rev: 2.2% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 0.71%

Computed WACC: 0.71%

Cost of equity (Re)7.57%(Rf 4.30% + β 0.59 × 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)9.34%

Debt weight (D/V)90.66%

Results

Intrinsic Value / share—

Current Price$1.48

Upside / Downside—

Net Debt (used)$550.84M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-22.47	$-24.12	$-26.03	$-28.25	$-30.81
8.0%	$-21.02	$-22.34	$-23.89	$-25.67	$-27.72
9.0%	$-20.01	$-21.12	$-22.40	$-23.88	$-25.58
10.0%	$-19.27	$-20.22	$-21.31	$-22.57	$-24.01
11.0%	$-18.71	$-19.53	$-20.47	$-21.57	$-22.82

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.96

Book Value / share($)Yahoo: $5.45

Results

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

Graham Number—

Current Price$1.48

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 0.71%

Terminal growth rate(%)

Computed WACC: 0.71%

Cost of equity (Re)7.57%(Rf 4.30% + β 0.59 × 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)9.34%

Debt weight (D/V)90.66%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$1.48

Implied Near-term FCF Growth—

Historical Revenue Growth2.2%

Historical Earnings Growth—

Base FCF (TTM)-$17.72M

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$1.48

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $29.51M

Target EV/EBITDA multipleCurrent: 20.6×

Net Debt($B)Default: $550.84M

Results

Implied Equity Value / share$1.48

Current Price$1.48

Upside / Downside+0.0%

Implied EV$607.79M

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

Mult \ Net Debt	-$1.45B	-$449.16M	$550.84M	$1.55B	$2.55B
16.6x	$50.39	$24.40	$-1.59	$-27.57	$-53.56
18.6x	$51.92	$25.93	$-0.05	$-26.04	$-52.03
20.6x	$53.45	$27.47	$1.48	$-24.51	$-50.49
22.6x	$54.99	$29.00	$3.01	$-22.97	$-48.96
24.6x	$56.52	$30.53	$4.55	$-21.44	$-47.43

← Overview Financial Statements ← Companies