VRA — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($2.60)
DCF	$26.18	+906.7%
Graham Number	—	—
Reverse DCF	—	implied g: -20.0%
DDM	—	—
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $45.99M

Near-term growth (yrs 1–5)(%)Rev: -11.7% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.46%

Computed WACC: 6.46%

Cost of equity (Re)14.14%(Rf 4.30% + β 1.79 × 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)45.69%

Debt weight (D/V)54.31%

Results

Intrinsic Value / share$44.93

Current Price$2.60

Upside / Downside+1628.0%

Net Debt (used)$75.68M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$26.42	$32.31	$39.17	$47.10	$56.24
8.0%	$21.24	$25.98	$31.49	$37.86	$45.18
9.0%	$17.65	$21.60	$26.18	$31.46	$37.53
10.0%	$15.01	$18.38	$22.28	$26.78	$31.94
11.0%	$12.99	$15.92	$19.30	$23.20	$27.67

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-2.95

Book Value / share($)Yahoo: $4.58

Results

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

Graham Number—

Current Price$2.60

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.46%

Terminal growth rate(%)

Computed WACC: 6.46%

Cost of equity (Re)14.14%(Rf 4.30% + β 1.79 × 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)45.69%

Debt weight (D/V)54.31%

Results

Current Price$2.60

Implied Near-term FCF Growth-20.0%

Historical Revenue Growth-11.7%

Historical Earnings Growth—

Base FCF (TTM)$45.99M

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$2.60

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$34.69M

Target EV/EBITDA multipleCurrent: -4.3×

Net Debt($B)Default: $75.68M

Results

Implied Equity Value / share$2.60

Current Price$2.60

Upside / Downside+0.0%

Implied EV$148.38M

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