SRPT — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($15.96)
DCF	$15.12	-5.3%
Graham Number	—	—
Reverse DCF	—	implied g: 5.9%
DDM	—	—
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $95.92M

Near-term growth (yrs 1–5)(%)Rev: -32.7% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 4.22%

Computed WACC: 4.22%

Cost of equity (Re)6.84%(Rf 4.30% + β 0.46 × 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)61.67%

Debt weight (D/V)38.33%

Results

Intrinsic Value / share$60.35

Current Price$15.96

Upside / Downside+278.1%

Net Debt (used)$99.90M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$15.25	$18.53	$22.35	$26.76	$31.84
8.0%	$12.37	$15.01	$18.07	$21.62	$25.69
9.0%	$10.37	$12.57	$15.12	$18.06	$21.44
10.0%	$8.91	$10.78	$12.95	$15.45	$18.32
11.0%	$7.78	$9.41	$11.29	$13.46	$15.95

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-2.83

Book Value / share($)Yahoo: $10.87

Results

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

Graham Number—

Current Price$15.96

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 4.22%

Terminal growth rate(%)

Computed WACC: 4.22%

Cost of equity (Re)6.84%(Rf 4.30% + β 0.46 × 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)61.67%

Debt weight (D/V)38.33%

Results

Current Price$15.96

Implied Near-term FCF Growth-13.0%

Historical Revenue Growth-32.7%

Historical Earnings Growth—

Base FCF (TTM)$95.92M

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$15.96

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$613.25M

Target EV/EBITDA multipleCurrent: -3.0×

Net Debt($B)Default: $99.90M

Results

Implied Equity Value / share$16.35

Current Price$15.96

Upside / Downside+2.5%

Implied EV$1.81B

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