HCWB — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($0.66)
DCF	$-29.08	-4527.9%
Graham Number	—	—
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$9.21M

Near-term growth (yrs 1–5)(%)Rev: -96.3% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 7.77%

Computed WACC: 7.77%

Cost of equity (Re)8.65%(Rf 4.30% + β 0.79 × ERP 5.50%)

Cost of debt (Rd)9.23%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)35.71%

Debt weight (D/V)64.29%

Results

Intrinsic Value / share$-35.71

Current Price$0.66

Upside / Downside-5538.0%

Net Debt (used)$5.71M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-29.32	$-35.05	$-41.71	$-49.43	$-58.31
8.0%	$-24.28	$-28.89	$-34.25	$-40.44	$-47.56
9.0%	$-20.79	$-24.63	$-29.08	$-34.22	$-40.12
10.0%	$-18.22	$-21.50	$-25.29	$-29.66	$-34.68
11.0%	$-16.26	$-19.10	$-22.39	$-26.18	$-30.53

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-13.81

Book Value / share($)Yahoo: $-0.80

Results

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

Graham Number—

Current Price$0.66

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 7.77%

Terminal growth rate(%)

Computed WACC: 7.77%

Cost of equity (Re)8.65%(Rf 4.30% + β 0.79 × ERP 5.50%)

Cost of debt (Rd)9.23%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)35.71%

Debt weight (D/V)64.29%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$0.66

Implied Near-term FCF Growth—

Historical Revenue Growth-96.3%

Historical Earnings Growth—

Base FCF (TTM)-$9.21M

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$0.66

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$11.60M

Target EV/EBITDA multipleCurrent: -0.6×

Net Debt($B)Default: $5.71M

Results

Implied Equity Value / share$0.31

Current Price$0.66

Upside / Downside-53.1%

Implied EV$7.48M

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