FHTX — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($5.76)
DCF	$-0.42	-107.3%
Graham Number	—	—
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$10.39M

Near-term growth (yrs 1–5)(%)Rev: 4.4% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 19.64%

Computed WACC: 19.64%

Cost of equity (Re)20.95%(Rf 4.30% + β 3.03 × 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)93.74%

Debt weight (D/V)6.26%

Results

Intrinsic Value / share$1.53

Current Price$5.76

Upside / Downside-73.4%

Net Debt (used)-$157.75M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-0.45	$-1.08	$-1.82	$-2.68	$-3.66
8.0%	$0.11	$-0.40	$-0.99	$-1.68	$-2.47
9.0%	$0.50	$0.07	$-0.42	$-0.99	$-1.65
10.0%	$0.78	$0.42	$-0.00	$-0.49	$-1.04
11.0%	$1.00	$0.68	$0.32	$-0.10	$-0.58

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-1.14

Book Value / share($)Yahoo: $-1.59

Results

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

Graham Number—

Current Price$5.76

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 19.64%

Terminal growth rate(%)

Computed WACC: 19.64%

Cost of equity (Re)20.95%(Rf 4.30% + β 3.03 × 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)93.74%

Debt weight (D/V)6.26%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$5.76

Implied Near-term FCF Growth—

Historical Revenue Growth4.4%

Historical Earnings Growth—

Base FCF (TTM)-$10.39M

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$5.76

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$83.22M

Target EV/EBITDA multipleCurrent: -2.0×

Net Debt($B)Default: -$157.75M

Results

Implied Equity Value / share$5.56

Current Price$5.76

Upside / Downside-3.5%

Implied EV$167.95M

← Overview Financial Statements ← Companies