XCUR — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($3.63)
DCF	$-12.53	-445.1%
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: -$4.78M

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

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 26.90%

Computed WACC: 26.90%

Cost of equity (Re)27.33%(Rf 4.30% + β 4.19 × 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)98.44%

Debt weight (D/V)1.56%

Results

Intrinsic Value / share$-2.78

Current Price$3.63

Upside / Downside-176.7%

Net Debt (used)-$4.07M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-12.64	$-15.33	$-18.45	$-22.07	$-26.23
8.0%	$-10.28	$-12.44	$-14.95	$-17.85	$-21.19
9.0%	$-8.64	$-10.44	$-12.53	$-14.94	$-17.71
10.0%	$-7.44	$-8.97	$-10.75	$-12.80	$-15.16
11.0%	$-6.52	$-7.85	$-9.40	$-11.17	$-13.21

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-3.72

Book Value / share($)Yahoo: $1.09

Results

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

Graham Number—

Current Price$3.63

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 26.90%

Terminal growth rate(%)

Computed WACC: 26.90%

Cost of equity (Re)27.33%(Rf 4.30% + β 4.19 × 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)98.44%

Debt weight (D/V)1.56%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$3.63

Implied Near-term FCF Growth—

Historical Revenue Growth—

Historical Earnings Growth—

Base FCF (TTM)-$4.78M

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$3.63

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$9.08M

Target EV/EBITDA multipleCurrent: -2.1×

Net Debt($B)Default: -$4.07M

Results

Implied Equity Value / share$3.62

Current Price$3.63

Upside / Downside-0.3%

Implied EV$19.00M

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