STRO — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($20.55)
DCF	$-244.57	-1290.4%
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: -$141.90M

Near-term growth (yrs 1–5)(%)Rev: 13.8% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 12.20%

Computed WACC: 12.20%

Cost of equity (Re)12.84%(Rf 4.30% + β 1.55 × 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)95.02%

Debt weight (D/V)4.98%

Results

Intrinsic Value / share$-153.43

Current Price$20.55

Upside / Downside-846.8%

Net Debt (used)-$149.93M

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

WACC \ Near-term	5.8%	9.8%	13.8%	17.8%	21.8%
7.0%	$-259.07	$-310.17	$-369.03	$-436.50	$-513.51
8.0%	$-207.78	$-248.50	$-295.34	$-348.99	$-410.18
9.0%	$-172.42	$-205.99	$-244.57	$-288.72	$-339.03
10.0%	$-146.60	$-174.97	$-207.54	$-244.78	$-287.17
11.0%	$-126.95	$-151.37	$-179.38	$-211.38	$-247.77

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-26.38

Book Value / share($)Yahoo: $-10.26

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$20.55

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 12.20%

Terminal growth rate(%)

Computed WACC: 12.20%

Cost of equity (Re)12.84%(Rf 4.30% + β 1.55 × 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)95.02%

Debt weight (D/V)4.98%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$20.55

Implied Near-term FCF Growth—

Historical Revenue Growth13.8%

Historical Earnings Growth—

Base FCF (TTM)-$141.90M

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$20.55

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$128.99M

Target EV/EBITDA multipleCurrent: -0.2×

Net Debt($B)Default: -$149.93M

Results

Implied Equity Value / share$10.68

Current Price$20.55

Upside / Downside-48.0%

Implied EV$25.02M

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