HBB — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($16.32)
DCF	$-15.46	-194.7%
Graham Number	$24.46	+49.9%
Reverse DCF	—	—
DDM	$9.89	-39.4%
EV/EBITDA	$24.03	+47.2%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$6.17M

Near-term growth (yrs 1–5)(%)Rev: -0.3% / EPS: -21.2%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 3.75%

Computed WACC: 3.75%

Cost of equity (Re)5.32%(Rf 4.30% + β 0.18 × 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)70.47%

Debt weight (D/V)29.53%

Results

Intrinsic Value / share$-62.30

Current Price$16.32

Upside / Downside-481.8%

Net Debt (used)$43.77M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-15.55	$-17.80	$-20.41	$-23.44	$-26.92
8.0%	$-13.58	$-15.39	$-17.49	$-19.91	$-22.70
9.0%	$-12.21	$-13.71	$-15.46	$-17.47	$-19.79
10.0%	$-11.20	$-12.49	$-13.97	$-15.69	$-17.66
11.0%	$-10.43	$-11.55	$-12.84	$-14.32	$-16.03

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.95

Book Value / share($)Yahoo: $13.64

Results

Graham Number$24.46

Current Price$16.32

Margin of Safety+49.9%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 3.75%

Terminal growth rate(%)

Computed WACC: 3.75%

Cost of equity (Re)5.32%(Rf 4.30% + β 0.18 × 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)70.47%

Debt weight (D/V)29.53%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$16.32

Implied Near-term FCF Growth—

Historical Revenue Growth-0.3%

Historical Earnings Growth-21.2%

Base FCF (TTM)-$6.17M

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: $0.48

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$9.89

Current Price$16.32

Upside / Downside-39.4%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $42.49M

Target EV/EBITDA multipleCurrent: 6.6×

Net Debt($B)Default: $43.77M

Results

Implied Equity Value / share$24.03

Current Price$16.32

Upside / Downside+47.2%

Implied EV$280.17M

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

Mult \ Net Debt	-$1.96B	-$956.23M	$43.77M	$1.04B	$2.04B
2.6x	$210.02	$108.39	$6.75	$-94.88	$-196.51
4.6x	$218.66	$117.02	$15.39	$-86.24	$-187.88
6.6x	$227.29	$125.66	$24.03	$-77.61	$-179.24
8.6x	$235.93	$134.30	$32.66	$-68.97	$-170.60
10.6x	$244.57	$142.93	$41.30	$-60.33	$-161.97

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