GHM — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($82.94)
DCF	$-811.80	-1078.8%
Graham Number	$19.05	-77.0%
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$87.12	+5.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$11.35M

Near-term growth (yrs 1–5)(%)Rev: 20.5% / EPS: 78.6%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.40%

Computed WACC: 9.40%

Cost of equity (Re)9.46%(Rf 4.30% + β 0.94 × 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)99.35%

Debt weight (D/V)0.65%

Results

Intrinsic Value / share$-747.53

Current Price$82.94

Upside / Downside-1001.3%

Net Debt (used)-$16.20M

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

WACC \ Near-term	70.6%	74.6%	78.6%	82.6%	86.6%
7.0%	$-1048.47	$-1176.73	$-1317.25	$-1470.89	$-1638.56
8.0%	$-809.15	$-908.01	$-1016.33	$-1134.75	$-1263.97
9.0%	$-646.48	$-725.38	$-811.80	$-906.29	$-1009.39
10.0%	$-529.58	$-594.13	$-664.84	$-742.13	$-826.46
11.0%	$-442.12	$-495.94	$-554.89	$-619.33	$-689.62

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.35

Book Value / share($)Yahoo: $11.95

Results

Graham Number$19.05

Current Price$82.94

Margin of Safety-77.0%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.40%

Terminal growth rate(%)

Computed WACC: 9.40%

Cost of equity (Re)9.46%(Rf 4.30% + β 0.94 × 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)99.35%

Debt weight (D/V)0.65%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$82.94

Implied Near-term FCF Growth—

Historical Revenue Growth20.5%

Historical Earnings Growth78.6%

Base FCF (TTM)-$11.35M

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$82.94

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $23.61M

Target EV/EBITDA multipleCurrent: 40.2×

Net Debt($B)Default: -$16.20M

Results

Implied Equity Value / share$87.12

Current Price$82.94

Upside / Downside+5.0%

Implied EV$948.45M

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

Mult \ Net Debt	-$2.02B	-$1.02B	-$16.20M	$983.80M	$1.98B
36.2x	$259.21	$168.90	$78.59	$-11.72	$-102.03
38.2x	$263.48	$173.17	$82.85	$-7.46	$-97.77
40.2x	$267.74	$177.43	$87.12	$-3.19	$-93.50
42.2x	$272.01	$181.70	$91.38	$1.07	$-89.24
44.2x	$276.27	$185.96	$95.65	$5.34	$-84.97

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