HHS — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($2.71)
DCF	$13.77	+408.3%
Graham Number	—	—
Reverse DCF	—	implied g: -15.5%
DDM	—	—
EV/EBITDA	$2.75	+1.5%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $6.69M

Near-term growth (yrs 1–5)(%)Rev: -17.0% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 1.48%

Computed WACC: 1.48%

Cost of equity (Re)3.07%(Rf 4.30% + β -0.22 × 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)48.01%

Debt weight (D/V)51.99%

Results

Intrinsic Value / share—

Current Price$2.71

Upside / Downside—

Net Debt (used)$15.25M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$13.91	$17.14	$20.89	$25.24	$30.25
8.0%	$11.07	$13.67	$16.69	$20.18	$24.19
9.0%	$9.10	$11.26	$13.77	$16.67	$20.00
10.0%	$7.65	$9.50	$11.64	$14.10	$16.93
11.0%	$6.55	$8.15	$10.01	$12.14	$14.59

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.73

Book Value / share($)Yahoo: $2.68

Results

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

Graham Number—

Current Price$2.71

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 1.48%

Terminal growth rate(%)

Computed WACC: 1.48%

Cost of equity (Re)3.07%(Rf 4.30% + β -0.22 × 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)48.01%

Debt weight (D/V)51.99%

Results

Current Price$2.71

Implied Near-term FCF Growth65.0%

Historical Revenue Growth-17.0%

Historical Earnings Growth—

Base FCF (TTM)$6.69M

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$2.71

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $7.28M

Target EV/EBITDA multipleCurrent: 4.9×

Net Debt($B)Default: $15.25M

Results

Implied Equity Value / share$2.75

Current Price$2.71

Upside / Downside+1.5%

Implied EV$35.64M

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

Mult \ Net Debt	-$1.98B	-$984.75M	$15.25M	$1.02B	$2.02B
0.9x	$268.55	$133.69	$-1.18	$-136.04	$-270.91
2.9x	$270.52	$135.65	$0.79	$-134.08	$-268.94
4.9x	$272.48	$137.62	$2.75	$-132.12	$-266.98
6.9x	$274.44	$139.58	$4.71	$-130.15	$-265.02
8.9x	$276.41	$141.54	$6.68	$-128.19	$-263.05

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