AHRT-PA

AHRT-PA — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($21.90)
DCF$138189545.27+631002389.8%
Graham Number
Reverse DCFimplied g: 3.6%
DDM$34.81+59.0%
EV/EBITDA$2128389812.00+9718674840.6%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $98.65M
Rev: -47.0% / EPS: —
Default: 9% (no SEC data)

Results

Intrinsic Value / share$138189545.27
Current Price$21.90
Upside / Downside+631002389.8%
Net Debt (used)$1.59B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-3.0%1.0%5.0%9.0%13.0%
7.0%$153068324.58$506314299.40$917274634.48$1392915221.46$1940746042.34
8.0%$-157756565.45$126563979.55$456835972.27$838577158.10$1277734997.31
9.0%$-373145925.64$-136403008.76$138189545.27$455153344.62$819361102.11
10.0%$-531265803.61$-329297449.91$-95386380.81$174263795.49$483743398.37
11.0%$-652322159.95$-476848709.94$-273920716.74$-40291939.14$227534461.33

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: —
Yahoo: $5.70

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.
Graham Number
Current Price$21.90
Margin of Safety
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$21.90
Implied Near-term FCF Growth3.6%
Historical Revenue Growth-47.0%
Historical Earnings Growth
Base FCF (TTM)$98.65M
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: $1.69

Results

DDM Intrinsic Value / share$34.81
Current Price$21.90
Upside / Downside+59.0%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $164.36M
Current: 22.6×
Default: $1.59B

Results

Implied Equity Value / share$2128389812.00
Current Price$21.90
Upside / Downside+9718674840.6%
Implied EV$3.72B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$1.59B$1.59B$1.59B$1.59B$1.59B
18.6x$1470941812.00$1470941812.00$1470941812.00$1470941812.00$1470941812.00
20.6x$1799665812.00$1799665812.00$1799665812.00$1799665812.00$1799665812.00
22.6x$2128389812.00$2128389812.00$2128389812.00$2128389812.00$2128389812.00
24.6x$2457113812.00$2457113812.00$2457113812.00$2457113812.00$2457113812.00
26.6x$2785837812.00$2785837812.00$2785837812.00$2785837812.00$2785837812.00