GSHD — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($53.30)
DCF	$48.72	-8.6%
Graham Number	—	—
Reverse DCF	—	implied g: 13.4%
DDM	—	—
EV/EBITDA	$52.06	-2.3%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $57.33M

Near-term growth (yrs 1–5)(%)Rev: 12.2% / EPS: -15.7%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 11.25%

Computed WACC: 11.25%

Cost of equity (Re)13.23%(Rf 4.30% + β 1.62 × 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)85.04%

Debt weight (D/V)14.96%

Results

Intrinsic Value / share$31.68

Current Price$53.30

Upside / Downside-40.6%

Net Debt (used)$317.90M

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

WACC \ Near-term	4.2%	8.2%	12.2%	16.2%	20.2%
7.0%	$51.71	$64.14	$78.47	$94.93	$113.74
8.0%	$39.52	$49.44	$60.86	$73.97	$88.94
9.0%	$31.11	$39.30	$48.72	$59.52	$71.85
10.0%	$24.96	$31.89	$39.86	$48.98	$59.39
11.0%	$20.28	$26.25	$33.12	$40.97	$49.91

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.04

Book Value / share($)Yahoo: $-3.87

Results

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

Graham Number—

Current Price$53.30

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 11.25%

Terminal growth rate(%)

Computed WACC: 11.25%

Cost of equity (Re)13.23%(Rf 4.30% + β 1.62 × 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)85.04%

Debt weight (D/V)14.96%

Results

Current Price$53.30

Implied Near-term FCF Growth19.5%

Historical Revenue Growth12.2%

Historical Earnings Growth-15.7%

Base FCF (TTM)$57.33M

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$53.30

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $89.74M

Target EV/EBITDA multipleCurrent: 18.0×

Net Debt($B)Default: $317.90M

Results

Implied Equity Value / share$52.06

Current Price$53.30

Upside / Downside-2.3%

Implied EV$1.61B

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

Mult \ Net Debt	-$1.68B	-$682.10M	$317.90M	$1.32B	$2.32B
14.0x	$117.94	$77.79	$37.65	$-2.50	$-42.64
16.0x	$125.15	$85.00	$44.85	$4.71	$-35.44
18.0x	$132.35	$92.21	$52.06	$11.91	$-28.23
20.0x	$139.56	$99.41	$59.27	$19.12	$-21.03
22.0x	$146.76	$106.62	$66.47	$26.33	$-13.82

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