VRME — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($0.93)
DCF	$-1.64	-276.3%
Graham Number	—	—
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$0.94	+1.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$1.33M

Near-term growth (yrs 1–5)(%)Rev: -7.4% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.94%

Computed WACC: 5.94%

Cost of equity (Re)6.37%(Rf 4.30% + β 0.38 × 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)93.27%

Debt weight (D/V)6.73%

Results

Intrinsic Value / share$-3.35

Current Price$0.93

Upside / Downside-460.1%

Net Debt (used)-$3.17M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-1.66	$-2.04	$-2.49	$-3.01	$-3.61
8.0%	$-1.32	$-1.63	$-1.99	$-2.41	$-2.89
9.0%	$-1.08	$-1.34	$-1.64	$-1.99	$-2.39
10.0%	$-0.91	$-1.13	$-1.38	$-1.68	$-2.02
11.0%	$-0.77	$-0.97	$-1.19	$-1.44	$-1.74

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.39

Book Value / share($)Yahoo: $0.91

Results

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

Graham Number—

Current Price$0.93

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.94%

Terminal growth rate(%)

Computed WACC: 5.94%

Cost of equity (Re)6.37%(Rf 4.30% + β 0.38 × 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)93.27%

Debt weight (D/V)6.73%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$0.93

Implied Near-term FCF Growth—

Historical Revenue Growth-7.4%

Historical Earnings Growth—

Base FCF (TTM)-$1.33M

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$0.93

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $654,000

Target EV/EBITDA multipleCurrent: 12.8×

Net Debt($B)Default: -$3.17M

Results

Implied Equity Value / share$0.94

Current Price$0.93

Upside / Downside+1.0%

Implied EV$8.39M

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

Mult \ Net Debt	-$2.00B	-$1.00B	-$3.17M	$996.83M	$2.00B
8.8x	$163.02	$81.87	$0.73	$-80.42	$-161.56
10.8x	$163.12	$81.98	$0.83	$-80.31	$-161.46
12.8x	$163.23	$82.08	$0.94	$-80.21	$-161.35
14.8x	$163.33	$82.19	$1.04	$-80.10	$-161.24
16.8x	$163.44	$82.30	$1.15	$-79.99	$-161.14

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