VERX — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($14.40)
DCF	$18.92	+31.4%
Graham Number	$1.21	-91.6%
Reverse DCF	—	implied g: 4.6%
DDM	—	—
EV/EBITDA	$29.51	+104.9%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $67.60M

Near-term growth (yrs 1–5)(%)Rev: 9.1% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 7.16%

Computed WACC: 7.16%

Cost of equity (Re)8.25%(Rf 4.30% + β 0.72 × 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)86.78%

Debt weight (D/V)13.22%

Results

Intrinsic Value / share$26.96

Current Price$14.40

Upside / Downside+87.2%

Net Debt (used)$36.76M

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

WACC \ Near-term	1.1%	5.1%	9.1%	13.1%	17.1%
7.0%	$19.50	$23.43	$27.98	$33.22	$39.23
8.0%	$15.81	$18.96	$22.60	$26.79	$31.59
9.0%	$13.26	$15.87	$18.89	$22.35	$26.31
10.0%	$11.40	$13.62	$16.17	$19.10	$22.46
11.0%	$9.98	$11.89	$14.10	$16.63	$19.52

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.04

Book Value / share($)Yahoo: $1.63

Results

Graham Number$1.21

Current Price$14.40

Margin of Safety-91.6%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 7.16%

Terminal growth rate(%)

Computed WACC: 7.16%

Cost of equity (Re)8.25%(Rf 4.30% + β 0.72 × 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)86.78%

Debt weight (D/V)13.22%

Results

Current Price$14.40

Implied Near-term FCF Growth-0.8%

Historical Revenue Growth9.1%

Historical Earnings Growth—

Base FCF (TTM)$67.60M

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$14.40

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $11.43M

Target EV/EBITDA multipleCurrent: 204.1×

Net Debt($B)Default: $36.76M

Results

Implied Equity Value / share$29.51

Current Price$14.40

Upside / Downside+104.9%

Implied EV$2.33B

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

Mult \ Net Debt	-$1.96B	-$963.24M	$36.76M	$1.04B	$2.04B
200.1x	$54.63	$41.78	$28.92	$16.07	$3.22
202.1x	$54.93	$42.07	$29.22	$16.37	$3.51
204.1x	$55.22	$42.37	$29.51	$16.66	$3.81
206.1x	$55.51	$42.66	$29.81	$16.95	$4.10
208.1x	$55.81	$42.95	$30.10	$17.25	$4.39

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