HBAN — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($16.73)
DCF	$-2.41	-114.4%
Graham Number	$20.76	+24.1%
Reverse DCF	—	—
DDM	$12.77	-23.7%
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: —

Near-term growth (yrs 1–5)(%)Rev: 10.3% / EPS: -10.9%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.13%

Computed WACC: 6.13%

Cost of equity (Re)9.62%(Rf 4.30% + β 0.97 × 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)63.78%

Debt weight (D/V)36.22%

Results

Intrinsic Value / share$-2.41

Current Price$16.73

Upside / Downside-114.4%

Net Debt (used)$4.90B

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

WACC \ Near-term	2.3%	6.3%	10.3%	14.3%	18.3%
7.0%	$-2.41	$-2.41	$-2.41	$-2.41	$-2.41
8.0%	$-2.41	$-2.41	$-2.41	$-2.41	$-2.41
9.0%	$-2.41	$-2.41	$-2.41	$-2.41	$-2.41
10.0%	$-2.41	$-2.41	$-2.41	$-2.41	$-2.41
11.0%	$-2.41	$-2.41	$-2.41	$-2.41	$-2.41

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.39

Book Value / share($)Yahoo: $13.79

Results

Graham Number$20.76

Current Price$16.73

Margin of Safety+24.1%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.13%

Terminal growth rate(%)

Computed WACC: 6.13%

Cost of equity (Re)9.62%(Rf 4.30% + β 0.97 × 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)63.78%

Debt weight (D/V)36.22%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$16.73

Implied Near-term FCF Growth—

Historical Revenue Growth10.3%

Historical Earnings Growth-10.9%

Base FCF (TTM)—

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: $0.62

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$12.77

Current Price$16.73

Upside / Downside-23.7%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: $4.90B

Results

Implied Equity Value / share$-2.41

Current Price$16.73

Upside / Downside-114.4%

Implied EV$0

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