AHL

AHL — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($37.50)
DCF$87959.28+234458.1%
Graham Number$67.98+81.3%
Reverse DCFimplied g: -20.0%
DDM
EV/EBITDA$45.12+20.3%

Values reflect default assumptions. Adjust inputs in each model below to update.

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $511.82M
Rev: 1.6% / EPS: 157.2%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$87959.28
Current Price$37.50
Upside / Downside+234458.1%
Net Debt (used)-$2.15B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term149.2%153.2%157.2%161.2%165.2%
7.0%$124770.55$135101.38$146105.71$157815.95$170265.53
8.0%$95156.67$103033.46$111423.68$120352.05$129844.05
9.0%$75121.07$81337.60$87959.28$95005.62$102496.71
10.0%$60796.34$65825.90$71183.20$76884.00$82944.58
11.0%$50138.17$54284.61$58701.21$63400.94$68397.22

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $6.80
Yahoo: $30.21

Results

Graham Number$67.98
Current Price$37.50
Margin of Safety+81.3%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$37.50
Implied Near-term FCF Growth-20.0%
Historical Revenue Growth1.6%
Historical Earnings Growth157.2%
Base FCF (TTM)$511.82M
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

Yahoo: —

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$37.50
Upside / Downside
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $493.70M
Current: 4.0×
Default: -$2.15B

Results

Implied Equity Value / share$45.12
Current Price$37.50
Upside / Downside+20.3%
Implied EV$2.00B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$4.15B-$3.15B-$2.15B-$1.15B-$146.20M
0.0x$45.39$34.51$23.62$12.73$1.84
2.0x$56.15$45.26$34.37$23.48$12.59
4.0x$66.90$56.01$45.12$34.23$23.34
6.0x$77.65$66.76$55.87$44.98$34.09
8.0x$88.40$77.51$66.62$55.73$44.85