SWIM — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($6.58)
DCF	$35.39	+437.4%
Graham Number	—	—
Reverse DCF	—	implied g: 12.7%
DDM	—	—
EV/EBITDA	$6.71	+1.9%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $36.79M

Near-term growth (yrs 1–5)(%)Rev: 7.6% / EPS: 39.2%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.73%

Computed WACC: 9.73%

Cost of equity (Re)13.73%(Rf 4.30% + β 1.71 × 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)70.88%

Debt weight (D/V)29.12%

Results

Intrinsic Value / share$30.66

Current Price$6.58

Upside / Downside+365.5%

Net Debt (used)$245.05M

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

WACC \ Near-term	31.2%	35.2%	39.2%	43.2%	47.2%
7.0%	$41.85	$48.81	$56.63	$65.39	$75.18
8.0%	$32.46	$37.90	$44.01	$50.86	$58.50
9.0%	$26.04	$30.44	$35.39	$40.93	$47.11
10.0%	$21.39	$25.05	$29.15	$33.74	$38.87
11.0%	$17.89	$20.98	$24.45	$28.33	$32.66

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.10

Book Value / share($)Yahoo: $3.50

Results

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

Graham Number—

Current Price$6.58

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.73%

Terminal growth rate(%)

Computed WACC: 9.73%

Cost of equity (Re)13.73%(Rf 4.30% + β 1.71 × 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)70.88%

Debt weight (D/V)29.12%

Results

Current Price$6.58

Implied Near-term FCF Growth14.8%

Historical Revenue Growth7.6%

Historical Earnings Growth39.2%

Base FCF (TTM)$36.79M

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$6.58

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $78.41M

Target EV/EBITDA multipleCurrent: 13.1×

Net Debt($B)Default: $245.05M

Results

Implied Equity Value / share$6.71

Current Price$6.58

Upside / Downside+1.9%

Implied EV$1.03B

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

Mult \ Net Debt	-$1.75B	-$754.95M	$245.05M	$1.25B	$2.25B
9.1x	$21.17	$12.59	$4.02	$-4.55	$-13.12
11.1x	$22.51	$13.94	$5.37	$-3.21	$-11.78
13.1x	$23.85	$15.28	$6.71	$-1.86	$-10.43
15.1x	$25.20	$16.63	$8.05	$-0.52	$-9.09
17.1x	$26.54	$17.97	$9.40	$0.83	$-7.75

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