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HERE — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($4.65)
DCF$20.26+335.6%
Graham Number$5.94+27.7%
Reverse DCF
DDM
EV/EBITDA$26.02+459.6%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: —
Rev: -84.3% / EPS: 256.3%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$20.26
Current Price$4.65
Upside / Downside+335.6%
Net Debt (used)-$764.97M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term248.3%252.3%256.3%260.3%264.3%
7.0%$20.26$20.26$20.26$20.26$20.26
8.0%$20.26$20.26$20.26$20.26$20.26
9.0%$20.26$20.26$20.26$20.26$20.26
10.0%$20.26$20.26$20.26$20.26$20.26
11.0%$20.26$20.26$20.26$20.26$20.26

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $0.66
Yahoo: $2.38

Results

Graham Number$5.94
Current Price$4.65
Margin of Safety+27.7%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Reverse DCF requires positive TTM free cash flow.
Current Price$4.65
Implied Near-term FCF Growth
Historical Revenue Growth-84.3%
Historical Earnings Growth256.3%
Base FCF (TTM)
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$4.65
Upside / Downside
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $274.96M
Current: 0.8×
Default: -$764.97M

Results

Implied Equity Value / share$26.02
Current Price$4.65
Upside / Downside+459.6%
Implied EV$217.77M
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$2.76B-$1.76B-$764.97M$235.03M$1.24B
-3.2x$49.86$23.38$-3.10$-29.58$-56.06
-1.2x$64.42$37.94$11.46$-15.02$-41.50
0.8x$78.98$52.50$26.02$-0.46$-26.94
2.8x$93.54$67.06$40.58$14.10$-12.37
4.8x$108.11$81.63$55.15$28.67$2.19