BOH — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($78.14)
DCF	$6.00	-92.3%
Graham Number	$63.79	-18.4%
Reverse DCF	—	—
DDM	$57.68	-26.2%
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: —

Near-term growth (yrs 1–5)(%)Rev: 17.4% / EPS: 63.4%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.59%

Computed WACC: 6.59%

Cost of equity (Re)8.30%(Rf 4.30% + β 0.73 × 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)79.38%

Debt weight (D/V)20.62%

Results

Intrinsic Value / share$6.00

Current Price$78.14

Upside / Downside-92.3%

Net Debt (used)-$238.32M

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

WACC \ Near-term	55.4%	59.4%	63.4%	67.4%	71.4%
7.0%	$6.00	$6.00	$6.00	$6.00	$6.00
8.0%	$6.00	$6.00	$6.00	$6.00	$6.00
9.0%	$6.00	$6.00	$6.00	$6.00	$6.00
10.0%	$6.00	$6.00	$6.00	$6.00	$6.00
11.0%	$6.00	$6.00	$6.00	$6.00	$6.00

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $4.77

Book Value / share($)Yahoo: $37.91

Results

Graham Number$63.79

Current Price$78.14

Margin of Safety-18.4%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.59%

Terminal growth rate(%)

Computed WACC: 6.59%

Cost of equity (Re)8.30%(Rf 4.30% + β 0.73 × 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)79.38%

Debt weight (D/V)20.62%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$78.14

Implied Near-term FCF Growth—

Historical Revenue Growth17.4%

Historical Earnings Growth63.4%

Base FCF (TTM)—

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: $2.80

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$57.68

Current Price$78.14

Upside / Downside-26.2%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: -$238.32M

Results

Implied Equity Value / share$6.00

Current Price$78.14

Upside / Downside-92.3%

Implied EV$0

← Overview Financial Statements ← Companies