WVE — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($13.85)
DCF	$-7.49	-154.1%
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: -$112.55M

Near-term growth (yrs 1–5)(%)Rev: -79.4% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: -5.39%

Computed WACC: -5.39%

Cost of equity (Re)-5.43%(Rf 4.30% + β -1.77 × 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)99.31%

Debt weight (D/V)0.69%

Results

Intrinsic Value / share—

Current Price$13.85

Upside / Downside—

Net Debt (used)-$584.30M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-7.58	$-9.75	$-12.28	$-15.20	$-18.56
8.0%	$-5.67	$-7.42	$-9.45	$-11.79	$-14.49
9.0%	$-4.35	$-5.81	$-7.49	$-9.44	$-11.68
10.0%	$-3.38	$-4.62	$-6.06	$-7.71	$-9.61
11.0%	$-2.64	$-3.71	$-4.96	$-6.40	$-8.04

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.65

Book Value / share($)Yahoo: $2.76

Results

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

Graham Number—

Current Price$13.85

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: -5.39%

Terminal growth rate(%)

Computed WACC: -5.39%

Cost of equity (Re)-5.43%(Rf 4.30% + β -1.77 × 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)99.31%

Debt weight (D/V)0.69%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$13.85

Implied Near-term FCF Growth—

Historical Revenue Growth-79.4%

Historical Earnings Growth—

Base FCF (TTM)-$112.55M

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$13.85

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$211.94M

Target EV/EBITDA multipleCurrent: -9.6×

Net Debt($B)Default: -$584.30M

Results

Implied Equity Value / share$14.08

Current Price$13.85

Upside / Downside+1.6%

Implied EV$2.03B

← Overview Financial Statements ← Companies