WNEB — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($12.61)
DCF	$-3.22	-125.6%
Graham Number	$14.40	+14.2%
Reverse DCF	—	—
DDM	$5.77	-54.3%
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: —

Near-term growth (yrs 1–5)(%)Rev: 16.6% / EPS: 62.4%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.96%

Computed WACC: 8.96%

Cost of equity (Re)8.57%(Rf 4.30% + β 0.78 × ERP 5.50%)

Cost of debt (Rd)12.55%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)70.90%

Debt weight (D/V)29.10%

Results

Intrinsic Value / share$-3.22

Current Price$12.61

Upside / Downside-125.6%

Net Debt (used)$65.68M

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

WACC \ Near-term	54.4%	58.4%	62.4%	66.4%	70.4%
7.0%	$-3.22	$-3.22	$-3.22	$-3.22	$-3.22
8.0%	$-3.22	$-3.22	$-3.22	$-3.22	$-3.22
9.0%	$-3.22	$-3.22	$-3.22	$-3.22	$-3.22
10.0%	$-3.22	$-3.22	$-3.22	$-3.22	$-3.22
11.0%	$-3.22	$-3.22	$-3.22	$-3.22	$-3.22

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.75

Book Value / share($)Yahoo: $12.29

Results

Graham Number$14.40

Current Price$12.61

Margin of Safety+14.2%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.96%

Terminal growth rate(%)

Computed WACC: 8.96%

Cost of equity (Re)8.57%(Rf 4.30% + β 0.78 × ERP 5.50%)

Cost of debt (Rd)12.55%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)70.90%

Debt weight (D/V)29.10%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$12.61

Implied Near-term FCF Growth—

Historical Revenue Growth16.6%

Historical Earnings Growth62.4%

Base FCF (TTM)—

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: $0.28

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$5.77

Current Price$12.61

Upside / Downside-54.3%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: $65.68M

Results

Implied Equity Value / share$-3.22

Current Price$12.61

Upside / Downside-125.6%

Implied EV$0

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