DCH — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($6.38)
DCF	$-107.08	-1777.0%
Graham Number	—	—
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$6.60	+3.4%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$1.24B

Near-term growth (yrs 1–5)(%)Rev: 0.2% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.96%

Computed WACC: 6.96%

Cost of equity (Re)13.05%(Rf 4.30% + β 1.59 × ERP 5.50%)

Cost of debt (Rd)6.08%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)26.16%

Debt weight (D/V)73.84%

Results

Intrinsic Value / share$-149.70

Current Price$6.38

Upside / Downside-2444.6%

Net Debt (used)$3.54B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-107.87	$-126.65	$-148.49	$-173.78	$-202.90
8.0%	$-91.35	$-106.46	$-124.02	$-144.31	$-167.65
9.0%	$-79.90	$-92.48	$-107.08	$-123.93	$-143.29
10.0%	$-71.49	$-82.23	$-94.66	$-109.00	$-125.45
11.0%	$-65.06	$-74.39	$-85.17	$-97.59	$-111.83

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.17

Book Value / share($)Yahoo: $5.39

Results

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

Graham Number—

Current Price$6.38

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.96%

Terminal growth rate(%)

Computed WACC: 6.96%

Cost of equity (Re)13.05%(Rf 4.30% + β 1.59 × ERP 5.50%)

Cost of debt (Rd)6.08%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)26.16%

Debt weight (D/V)73.84%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$6.38

Implied Near-term FCF Growth—

Historical Revenue Growth0.2%

Historical Earnings Growth—

Base FCF (TTM)-$1.24B

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$6.38

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $687.30M

Target EV/EBITDA multipleCurrent: 7.4×

Net Debt($B)Default: $3.54B

Results

Implied Equity Value / share$6.60

Current Price$6.38

Upside / Downside+3.4%

Implied EV$5.10B

Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)

Mult \ Net Debt	$1.54B	$2.54B	$3.54B	$4.54B	$5.54B
3.4x	$3.42	$-0.81	$-5.05	$-9.29	$-13.53
5.4x	$9.25	$5.01	$0.77	$-3.46	$-7.70
7.4x	$15.07	$10.84	$6.60	$2.36	$-1.88
9.4x	$20.90	$16.66	$12.42	$8.19	$3.95
11.4x	$26.72	$22.49	$18.25	$14.01	$9.77

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