VATE — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($5.06)
DCF	$741.21	+14548.5%
Graham Number	—	—
Reverse DCF	—	implied g: -4.0%
DDM	—	—
EV/EBITDA	$6.94	+37.1%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $73.49M

Near-term growth (yrs 1–5)(%)Rev: 43.3% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 1.16%

Computed WACC: 1.16%

Cost of equity (Re)13.33%(Rf 4.30% + β 1.64 × 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)8.72%

Debt weight (D/V)91.28%

Results

Intrinsic Value / share—

Current Price$5.06

Upside / Downside—

Net Debt (used)$688.20M

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

WACC \ Near-term	35.3%	39.3%	43.3%	47.3%	51.3%
7.0%	$888.01	$1032.31	$1193.98	$1374.55	$1575.63
8.0%	$685.44	$798.03	$924.14	$1064.95	$1221.72
9.0%	$547.06	$638.00	$739.83	$853.51	$980.04
10.0%	$447.05	$522.36	$606.67	$700.75	$805.45
11.0%	$371.77	$435.33	$506.46	$585.82	$674.10

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-5.66

Book Value / share($)Yahoo: $-17.09

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$5.06

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 1.16%

Terminal growth rate(%)

Computed WACC: 1.16%

Cost of equity (Re)13.33%(Rf 4.30% + β 1.64 × 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)8.72%

Debt weight (D/V)91.28%

Results

Current Price$5.06

Implied Near-term FCF Growth65.0%

Historical Revenue Growth43.3%

Historical Earnings Growth—

Base FCF (TTM)$73.49M

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$5.06

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $47.80M

Target EV/EBITDA multipleCurrent: 16.4×

Net Debt($B)Default: $688.20M

Results

Implied Equity Value / share$6.94

Current Price$5.06

Upside / Downside+37.1%

Implied EV$782.92M

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

Mult \ Net Debt	-$1.31B	-$311.80M	$688.20M	$1.69B	$2.69B
12.4x	$139.40	$66.17	$-7.07	$-80.30	$-153.53
14.4x	$146.40	$73.17	$-0.06	$-73.30	$-146.53
16.4x	$153.40	$80.17	$6.94	$-66.30	$-139.53
18.4x	$160.40	$87.17	$13.94	$-59.30	$-132.53
20.4x	$167.40	$94.17	$20.94	$-52.29	$-125.53

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