SRZN — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($28.60)
DCF	$-9.52	-133.3%
Graham Number	—	—
Reverse DCF	—	—
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: -$8.88M

Near-term growth (yrs 1–5)(%)Rev: -90.2% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 7.31%

Computed WACC: 7.31%

Cost of equity (Re)7.52%(Rf 4.30% + β 0.58 × 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)97.19%

Debt weight (D/V)2.81%

Results

Intrinsic Value / share$-15.99

Current Price$28.60

Upside / Downside-155.9%

Net Debt (used)-$74.25M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-9.68	$-13.39	$-17.70	$-22.70	$-28.45
8.0%	$-6.42	$-9.40	$-12.87	$-16.88	$-21.49
9.0%	$-4.15	$-6.64	$-9.52	$-12.85	$-16.68
10.0%	$-2.49	$-4.61	$-7.07	$-9.90	$-13.15
11.0%	$-1.22	$-3.07	$-5.20	$-7.65	$-10.46

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-17.59

Book Value / share($)Yahoo: $-2.74

Results

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

Graham Number—

Current Price$28.60

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 7.31%

Terminal growth rate(%)

Computed WACC: 7.31%

Cost of equity (Re)7.52%(Rf 4.30% + β 0.58 × 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)97.19%

Debt weight (D/V)2.81%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$28.60

Implied Near-term FCF Growth—

Historical Revenue Growth-90.2%

Historical Earnings Growth—

Base FCF (TTM)-$8.88M

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$28.60

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$37.23M

Target EV/EBITDA multipleCurrent: -4.6×

Net Debt($B)Default: -$74.25M

Results

Implied Equity Value / share$28.60

Current Price$28.60

Upside / Downside+0.0%

Implied EV$170.89M

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