VTGN — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($0.60)
DCF	$-63.06	-10675.2%
Graham Number	—	—
Reverse DCF	—	—
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: -$36.17M

Near-term growth (yrs 1–5)(%)Rev: 29.5% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.75%

Computed WACC: 5.75%

Cost of equity (Re)6.10%(Rf 4.30% + β 0.33 × 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)94.30%

Debt weight (D/V)5.70%

Results

Intrinsic Value / share$-142.93

Current Price$0.60

Upside / Downside-24069.4%

Net Debt (used)-$60.34M

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

WACC \ Near-term	21.5%	25.5%	29.5%	33.5%	37.5%
7.0%	$-71.77	$-84.22	$-98.33	$-114.28	$-132.22
8.0%	$-56.58	$-66.38	$-77.47	$-89.99	$-104.08
9.0%	$-46.18	$-54.15	$-63.17	$-73.36	$-84.81
10.0%	$-38.63	$-45.28	$-52.81	$-61.30	$-70.84
11.0%	$-32.92	$-38.58	$-44.98	$-52.19	$-60.29

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-1.90

Book Value / share($)Yahoo: $1.28

Results

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

Graham Number—

Current Price$0.60

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.75%

Terminal growth rate(%)

Computed WACC: 5.75%

Cost of equity (Re)6.10%(Rf 4.30% + β 0.33 × 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)94.30%

Debt weight (D/V)5.70%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$0.60

Implied Near-term FCF Growth—

Historical Revenue Growth29.5%

Historical Earnings Growth—

Base FCF (TTM)-$36.17M

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$0.60

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$69.72M

Target EV/EBITDA multipleCurrent: 0.5×

Net Debt($B)Default: -$60.34M

Results

Implied Equity Value / share$0.60

Current Price$0.60

Upside / Downside-0.1%

Implied EV-$36.74M

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