VET

VET — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($11.43)
DCF$-153.92-1446.6%
Graham Number$11.93+4.4%
Reverse DCF
DDM$7.83-31.5%
EV/EBITDA$11.35-0.7%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: -$679.61M
Rev: 15.8% / EPS: -94.9%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$-153.92
Current Price$11.43
Upside / Downside-1446.6%
Net Debt (used)$1.28B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term7.8%11.8%15.8%19.8%23.8%
7.0%$-163.76$-192.95$-226.50$-264.88$-308.60
8.0%$-133.65$-156.86$-183.51$-213.97$-248.65
9.0%$-112.91$-132.01$-153.92$-178.94$-207.41
10.0%$-97.78$-113.89$-132.35$-153.42$-177.37
11.0%$-86.28$-100.12$-115.97$-134.05$-154.57

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $0.49
Yahoo: $12.91

Results

Graham Number$11.93
Current Price$11.43
Margin of Safety+4.4%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Reverse DCF requires positive TTM free cash flow.
Current Price$11.43
Implied Near-term FCF Growth
Historical Revenue Growth15.8%
Historical Earnings Growth-94.9%
Base FCF (TTM)-$679.61M
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

Yahoo: $0.38

Results

DDM Intrinsic Value / share$7.83
Current Price$11.43
Upside / Downside-31.5%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $1.16B
Current: 2.6×
Default: $1.28B

Results

Implied Equity Value / share$11.35
Current Price$11.43
Upside / Downside-0.7%
Implied EV$3.02B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$1.28B$1.28B$1.28B$1.28B$1.28B
-1.4x$-19.01$-19.01$-19.01$-19.01$-19.01
0.6x$-3.83$-3.83$-3.83$-3.83$-3.83
2.6x$11.35$11.35$11.35$11.35$11.35
4.6x$26.53$26.53$26.53$26.53$26.53
6.6x$41.71$41.71$41.71$41.71$41.71