SURG — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($0.84)
DCF	$-345317.37	-41011664.4%
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: -$13.20M

Near-term growth (yrs 1–5)(%)Rev: 291.6% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 4.14%

Computed WACC: 4.14%

Cost of equity (Re)6.74%(Rf 4.30% + β 0.44 × 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)61.44%

Debt weight (D/V)38.56%

Results

Intrinsic Value / share$-1993184.03

Current Price$0.84

Upside / Downside-236720293.2%

Net Debt (used)$9.87M

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

WACC \ Near-term	283.6%	287.6%	291.6%	295.6%	299.6%
7.0%	$-523899.78	$-551788.39	$-580852.23	$-611128.07	$-642653.43
8.0%	$-397052.65	$-418188.44	$-440214.88	$-463159.84	$-487051.74
9.0%	$-311460.31	$-328039.52	$-345317.37	$-363315.70	$-382056.82
10.0%	$-250443.25	$-263774.19	$-277666.88	$-292138.87	$-307208.11
11.0%	$-205186.92	$-216108.63	$-227490.55	$-239347.08	$-251692.90

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-2.12

Book Value / share($)Yahoo: $-0.32

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$0.84

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 4.14%

Terminal growth rate(%)

Computed WACC: 4.14%

Cost of equity (Re)6.74%(Rf 4.30% + β 0.44 × 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)61.44%

Debt weight (D/V)38.56%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$0.84

Implied Near-term FCF Growth—

Historical Revenue Growth291.6%

Historical Earnings Growth—

Base FCF (TTM)-$13.20M

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$0.84

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$38.80M

Target EV/EBITDA multipleCurrent: -0.7×

Net Debt($B)Default: $9.87M

Results

Implied Equity Value / share$0.75

Current Price$0.84

Upside / Downside-10.4%

Implied EV$27.55M

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