BRC Group Holdings, Inc. (RILY)

Market price: $3.96

3 valuation methods

• EV / Revenue: $31.84 to $143.49 (midpoint $97.92)
• EV / EBITDA: $56.52 to $127.71 (midpoint $99.95)
• DCF (FCFF): $124.71 to $312.50 (midpoint $181.60)

Debt is most of what funds this company — its shares are about 10% of its total enterprise value. The enterprise-value bars here (3) value the whole business and then subtract the debt, so a small difference in the business's value becomes a large one per share. That is arithmetic, not a fault in the estimate, but it is why those ranges are wide.