HE

HE — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($15.49)
DCF$5.24-66.1%
Graham Number$21.31+37.6%
Reverse DCFimplied g: 12.2%
DDM
EV/EBITDA$15.49-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $191.51M
Rev: 0.8% / EPS: —
Default: 9% (no SEC data)

Results

Intrinsic Value / share$5.24
Current Price$15.49
Upside / Downside-66.1%
Net Debt (used)$2.46B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-3.0%1.0%5.0%9.0%13.0%
7.0%$5.41$9.38$14.01$19.35$25.52
8.0%$1.92$5.11$8.83$13.12$18.06
9.0%$-0.51$2.16$5.24$8.81$12.90
10.0%$-2.29$-0.01$2.62$5.65$9.13
11.0%$-3.65$-1.67$0.61$3.24$6.25

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $2.17
Yahoo: $9.30

Results

Graham Number$21.31
Current Price$15.49
Margin of Safety+37.6%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$15.49
Implied Near-term FCF Growth12.2%
Historical Revenue Growth0.8%
Historical Earnings Growth
Base FCF (TTM)$191.51M
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: —

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$15.49
Upside / Downside
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $537.72M
Current: 9.5×
Default: $2.46B

Results

Implied Equity Value / share$15.49
Current Price$15.49
Upside / Downside-0.0%
Implied EV$5.13B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$457.06M$1.46B$2.46B$3.46B$4.46B
5.5x$14.62$8.82$3.03$-2.76$-8.56
7.5x$20.85$15.05$9.26$3.47$-2.33
9.5x$27.08$21.28$15.49$9.70$3.90
11.5x$33.31$27.51$21.72$15.93$10.13
13.5x$39.54$33.74$27.95$22.16$16.36