EVH — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($3.58)
DCF	$7.97	+122.7%
Graham Number	—	—
Reverse DCF	—	implied g: -0.7%
DDM	—	—
EV/EBITDA	$3.58	+0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $98.41M

Near-term growth (yrs 1–5)(%)Rev: -27.5% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 1.65%

Computed WACC: 1.65%

Cost of equity (Re)5.58%(Rf 4.30% + β 0.23 × 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)29.55%

Debt weight (D/V)70.45%

Results

Intrinsic Value / share—

Current Price$3.58

Upside / Downside—

Net Debt (used)$837.84M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$8.11	$11.26	$14.94	$19.19	$24.08
8.0%	$5.33	$7.87	$10.82	$14.23	$18.16
9.0%	$3.40	$5.52	$7.97	$10.81	$14.06
10.0%	$1.99	$3.79	$5.89	$8.30	$11.06
11.0%	$0.91	$2.48	$4.29	$6.38	$8.77

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-1.57

Book Value / share($)Yahoo: $3.72

Results

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

Graham Number—

Current Price$3.58

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 1.65%

Terminal growth rate(%)

Computed WACC: 1.65%

Cost of equity (Re)5.58%(Rf 4.30% + β 0.23 × 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)29.55%

Debt weight (D/V)70.45%

Results

Current Price$3.58

Implied Near-term FCF Growth65.0%

Historical Revenue Growth-27.5%

Historical Earnings Growth—

Base FCF (TTM)$98.41M

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$3.58

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $88.22M

Target EV/EBITDA multipleCurrent: 14.0×

Net Debt($B)Default: $837.84M

Results

Implied Equity Value / share$3.58

Current Price$3.58

Upside / Downside+0.0%

Implied EV$1.24B

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

Mult \ Net Debt	-$1.16B	-$162.16M	$837.84M	$1.84B	$2.84B
10.0x	$18.34	$9.38	$0.42	$-8.54	$-17.50
12.0x	$19.92	$10.96	$2.00	$-6.96	$-15.92
14.0x	$21.50	$12.54	$3.58	$-5.38	$-14.34
16.0x	$23.08	$14.12	$5.16	$-3.80	$-12.76
18.0x	$24.66	$15.70	$6.74	$-2.22	$-11.18

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