WULF — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($14.82)
DCF	$-9.37	-163.2%
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: -$113.67M

Near-term growth (yrs 1–5)(%)Rev: 2.4% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 15.68%

Computed WACC: 15.68%

Cost of equity (Re)27.97%(Rf 4.30% + β 4.30 × ERP 5.50%)

Cost of debt (Rd)1.26%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)54.43%

Debt weight (D/V)45.57%

Results

Intrinsic Value / share$-6.93

Current Price$14.82

Upside / Downside-146.8%

Net Debt (used)$1.93B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-9.42	$-10.39	$-11.52	$-12.83	$-14.34
8.0%	$-8.56	$-9.34	$-10.25	$-11.30	$-12.51
9.0%	$-7.97	$-8.62	$-9.37	$-10.25	$-11.25
10.0%	$-7.53	$-8.09	$-8.73	$-9.47	$-10.33
11.0%	$-7.20	$-7.68	$-8.24	$-8.88	$-9.62

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-1.45

Book Value / share($)Yahoo: $0.33

Results

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

Graham Number—

Current Price$14.82

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 15.68%

Terminal growth rate(%)

Computed WACC: 15.68%

Cost of equity (Re)27.97%(Rf 4.30% + β 4.30 × ERP 5.50%)

Cost of debt (Rd)1.26%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)54.43%

Debt weight (D/V)45.57%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$14.82

Implied Near-term FCF Growth—

Historical Revenue Growth2.4%

Historical Earnings Growth—

Base FCF (TTM)-$113.67M

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$14.82

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$80.85M

Target EV/EBITDA multipleCurrent: -107.9×

Net Debt($B)Default: $1.93B

Results

Implied Equity Value / share$16.23

Current Price$14.82

Upside / Downside+9.5%

Implied EV$8.72B

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