HALO — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($69.01)
DCF	$333.33	+383.0%
Graham Number	$4.88	-92.9%
Reverse DCF	—	implied g: 24.9%
DDM	—	—
EV/EBITDA	$69.85	+1.2%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $184.83M

Near-term growth (yrs 1–5)(%)Rev: 51.6% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 7.82%

Computed WACC: 7.82%

Cost of equity (Re)9.90%(Rf 4.30% + β 1.02 × 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)78.91%

Debt weight (D/V)21.09%

Results

Intrinsic Value / share$435.67

Current Price$69.01

Upside / Downside+531.3%

Net Debt (used)$2.03B

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

WACC \ Near-term	43.6%	47.6%	51.6%	55.6%	59.6%
7.0%	$409.11	$471.00	$539.91	$616.44	$701.19
8.0%	$315.42	$363.53	$417.09	$476.56	$542.40
9.0%	$251.52	$290.24	$333.33	$381.17	$434.12
10.0%	$205.42	$237.36	$272.91	$312.36	$356.03
11.0%	$170.78	$197.64	$227.53	$260.69	$297.38

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $2.56

Book Value / share($)Yahoo: $0.41

Results

Graham Number$4.88

Current Price$69.01

Margin of Safety-92.9%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 7.82%

Terminal growth rate(%)

Computed WACC: 7.82%

Cost of equity (Re)9.90%(Rf 4.30% + β 1.02 × 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)78.91%

Debt weight (D/V)21.09%

Results

Current Price$69.01

Implied Near-term FCF Growth20.9%

Historical Revenue Growth51.6%

Historical Earnings Growth—

Base FCF (TTM)$184.83M

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$69.01

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $897.84M

Target EV/EBITDA multipleCurrent: 11.4×

Net Debt($B)Default: $2.03B

Results

Implied Equity Value / share$69.85

Current Price$69.01

Upside / Downside+1.2%

Implied EV$10.28B

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

Mult \ Net Debt	$34.38M	$1.03B	$2.03B	$3.03B	$4.03B
7.4x	$56.36	$47.89	$39.42	$30.94	$22.47
9.4x	$71.58	$63.11	$54.63	$46.16	$37.69
11.4x	$86.79	$78.32	$69.85	$61.37	$52.90
13.4x	$102.01	$93.54	$85.06	$76.59	$68.12
15.4x	$117.23	$108.75	$100.28	$91.81	$83.33

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