SST — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($3.22)
DCF	$73.96	+2196.8%
Graham Number	—	—
Reverse DCF	—	implied g: -16.1%
DDM	—	—
EV/EBITDA	$2.18	-32.2%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $46.10M

Near-term growth (yrs 1–5)(%)Rev: -30.7% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 1.39%

Computed WACC: 1.39%

Cost of equity (Re)12.75%(Rf 4.30% + β 1.54 × 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)10.92%

Debt weight (D/V)89.08%

Results

Intrinsic Value / share—

Current Price$3.22

Upside / Downside—

Net Debt (used)$208.11M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$74.81	$95.12	$118.74	$146.09	$177.58
8.0%	$56.95	$73.29	$92.28	$114.22	$139.47
9.0%	$44.56	$58.17	$73.96	$92.18	$113.12
10.0%	$35.47	$47.08	$60.53	$76.03	$93.82
11.0%	$28.52	$38.60	$50.27	$63.70	$79.09

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-8.61

Book Value / share($)Yahoo: $5.27

Results

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

Graham Number—

Current Price$3.22

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 1.39%

Terminal growth rate(%)

Computed WACC: 1.39%

Cost of equity (Re)12.75%(Rf 4.30% + β 1.54 × 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)10.92%

Debt weight (D/V)89.08%

Results

Current Price$3.22

Implied Near-term FCF Growth65.0%

Historical Revenue Growth-30.7%

Historical Earnings Growth—

Base FCF (TTM)$46.10M

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$3.22

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $18.80M

Target EV/EBITDA multipleCurrent: 12.0×

Net Debt($B)Default: $208.11M

Results

Implied Equity Value / share$2.18

Current Price$3.22

Upside / Downside-32.2%

Implied EV$225.86M

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

Mult \ Net Debt	-$1.79B	-$791.89M	$208.11M	$1.21B	$2.21B
8.0x	$238.99	$115.96	$-7.07	$-130.09	$-253.12
10.0x	$243.61	$120.59	$-2.44	$-125.47	$-248.49
12.0x	$248.24	$125.21	$2.18	$-120.84	$-243.87
14.0x	$252.86	$129.84	$6.81	$-116.22	$-239.24
16.0x	$257.49	$134.46	$11.44	$-111.59	$-234.62

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