ZLAB — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($18.42)
DCF	$-24.91	-235.2%
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: -$92.51M

Near-term growth (yrs 1–5)(%)Rev: 17.0% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.27%

Computed WACC: 8.27%

Cost of equity (Re)9.17%(Rf 4.30% + β 0.89 × 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)90.20%

Debt weight (D/V)9.80%

Results

Intrinsic Value / share$-29.05

Current Price$18.42

Upside / Downside-257.7%

Net Debt (used)-$465.31M

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

WACC \ Near-term	9.0%	13.0%	17.0%	21.0%	25.0%
7.0%	$-27.05	$-32.86	$-39.52	$-47.14	$-55.81
8.0%	$-20.96	$-25.57	$-30.86	$-36.91	$-43.77
9.0%	$-16.77	$-20.56	$-24.91	$-29.86	$-35.50
10.0%	$-13.71	$-16.91	$-20.56	$-24.73	$-29.47
11.0%	$-11.39	$-14.13	$-17.27	$-20.84	$-24.90

2 — Graham Number

Assumptions

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

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

Book Value / share($)Yahoo: $6.47

Results

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

Graham Number—

Current Price$18.42

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.27%

Terminal growth rate(%)

Computed WACC: 8.27%

Cost of equity (Re)9.17%(Rf 4.30% + β 0.89 × 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)90.20%

Debt weight (D/V)9.80%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$18.42

Implied Near-term FCF Growth—

Historical Revenue Growth17.0%

Historical Earnings Growth—

Base FCF (TTM)-$92.51M

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$18.42

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$214.42M

Target EV/EBITDA multipleCurrent: -97.0×

Net Debt($B)Default: -$465.31M

Results

Implied Equity Value / share$189.75

Current Price$18.42

Upside / Downside+930.1%

Implied EV$20.80B

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