HBM

HBM — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($26.74)
DCF$66990050.97+250523650.8%
Graham Number$16.24-39.3%
Reverse DCFimplied g: 10.7%
DDM$0.21-99.2%
EV/EBITDA$26.74+0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $458.15M
Rev: 25.3% / EPS: 544.9%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$66945401.40
Current Price$26.74
Upside / Downside+250356674.1%
Net Debt (used)$587.90M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term536.9%540.9%544.9%548.9%552.9%
7.0%$106517175.38$109904304.41$113377056.24$116937044.04$120585901.11
8.0%$80453904.83$83012247.69$85635262.51$88324167.73$91080197.01
9.0%$62894877.53$64894860.86$66945401.40$69047451.67$71201976.09
10.0%$50398922.82$52001547.37$53644684.32$55329096.95$57055558.06
11.0%$41147800.87$42456249.14$43797773.36$45172996.68$46582550.06

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $1.44
Yahoo: $8.14

Results

Graham Number$16.24
Current Price$26.74
Margin of Safety-39.3%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$26.74
Implied Near-term FCF Growth10.7%
Historical Revenue Growth25.3%
Historical Earnings Growth544.9%
Base FCF (TTM)$458.15M
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

Yahoo: $0.01

Results

DDM Intrinsic Value / share$0.21
Current Price$26.74
Upside / Downside-99.2%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $1.01B
Current: 11.1×
Default: $587.90M

Results

Implied Equity Value / share$26.74
Current Price$26.74
Upside / Downside+0.0%
Implied EV$11.20B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$1.41B-$412.10M$587.90M$1.59B$2.59B
7.1x$21.61$19.09$16.57$14.05$11.53
9.1x$26.70$24.18$21.66$19.14$16.62
11.1x$31.78$29.26$26.74$24.22$21.70
13.1x$36.86$34.34$31.82$29.30$26.78
15.1x$41.95$39.43$36.91$34.39$31.87