HBIO — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($0.57)
DCF	$3.49	+512.0%
Graham Number	—	—
Reverse DCF	—	implied g: -14.4%
DDM	—	—
EV/EBITDA	$0.59	+3.2%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $10.95M

Near-term growth (yrs 1–5)(%)Rev: -6.3% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 4.59%

Computed WACC: 4.59%

Cost of equity (Re)12.28%(Rf 4.30% + β 1.45 × 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)37.38%

Debt weight (D/V)62.62%

Results

Intrinsic Value / share$12.68

Current Price$0.57

Upside / Downside+2120.6%

Net Debt (used)$35.97M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$3.53	$4.41	$5.43	$6.61	$7.97
8.0%	$2.76	$3.47	$4.29	$5.23	$6.32
9.0%	$2.23	$2.81	$3.49	$4.28	$5.18
10.0%	$1.83	$2.33	$2.91	$3.58	$4.35
11.0%	$1.53	$1.97	$2.47	$3.05	$3.72

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-1.21

Book Value / share($)Yahoo: $0.32

Results

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

Graham Number—

Current Price$0.57

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 4.59%

Terminal growth rate(%)

Computed WACC: 4.59%

Cost of equity (Re)12.28%(Rf 4.30% + β 1.45 × 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)37.38%

Debt weight (D/V)62.62%

Results

Current Price$0.57

Implied Near-term FCF Growth-20.0%

Historical Revenue Growth-6.3%

Historical Earnings Growth—

Base FCF (TTM)$10.95M

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$0.57

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $4.99M

Target EV/EBITDA multipleCurrent: 12.5×

Net Debt($B)Default: $35.97M

Results

Implied Equity Value / share$0.59

Current Price$0.57

Upside / Downside+3.2%

Implied EV$62.31M

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

Mult \ Net Debt	-$1.96B	-$964.03M	$35.97M	$1.04B	$2.04B
8.5x	$44.87	$22.50	$0.14	$-22.22	$-44.58
10.5x	$45.09	$22.73	$0.37	$-22.00	$-44.36
12.5x	$45.31	$22.95	$0.59	$-21.77	$-44.13
14.5x	$45.53	$23.17	$0.81	$-21.55	$-43.91
16.5x	$45.76	$23.40	$1.04	$-21.33	$-43.69

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