UG — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($6.50)
DCF	$4.94	-24.0%
Graham Number	$4.72	-27.4%
Reverse DCF	—	implied g: 11.9%
DDM	$10.30	+58.5%
EV/EBITDA	$6.50	+0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $819,453

Near-term growth (yrs 1–5)(%)Rev: -26.0% / EPS: -69.0%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.79%

Computed WACC: 9.79%

Cost of equity (Re)9.79%(Rf 4.30% + β 1.00 × 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)100.00%

Debt weight (D/V)0.00%

Results

Intrinsic Value / share$4.60

Current Price$6.50

Upside / Downside-29.3%

Net Debt (used)-$8.30M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$4.97	$5.60	$6.35	$7.21	$8.20
8.0%	$4.40	$4.92	$5.52	$6.21	$7.00
9.0%	$4.01	$4.44	$4.94	$5.51	$6.17
10.0%	$3.73	$4.09	$4.52	$5.00	$5.56
11.0%	$3.51	$3.83	$4.19	$4.62	$5.10

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.43

Book Value / share($)Yahoo: $2.30

Results

Graham Number$4.72

Current Price$6.50

Margin of Safety-27.4%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.79%

Terminal growth rate(%)

Computed WACC: 9.79%

Cost of equity (Re)9.79%(Rf 4.30% + β 1.00 × 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)100.00%

Debt weight (D/V)0.00%

Results

Current Price$6.50

Implied Near-term FCF Growth14.1%

Historical Revenue Growth-26.0%

Historical Earnings Growth-69.0%

Base FCF (TTM)$819,453

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: $0.50

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$10.30

Current Price$6.50

Upside / Downside+58.5%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $2.18M

Target EV/EBITDA multipleCurrent: 9.9×

Net Debt($B)Default: -$8.30M

Results

Implied Equity Value / share$6.50

Current Price$6.50

Upside / Downside+0.0%

Implied EV$21.56M

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

Mult \ Net Debt	-$2.01B	-$1.01B	-$8.30M	$991.70M	$1.99B
5.9x	$439.92	$222.26	$4.60	$-213.06	$-430.72
7.9x	$440.87	$223.21	$5.55	$-212.11	$-429.77
9.9x	$441.82	$224.16	$6.50	$-211.16	$-428.82
11.9x	$442.77	$225.11	$7.45	$-210.21	$-427.87
13.9x	$443.72	$226.06	$8.40	$-209.26	$-426.92

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