HLF — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($19.52)
DCF	$27.71	+41.9%
Graham Number	—	—
Reverse DCF	—	implied g: 2.9%
DDM	—	—
EV/EBITDA	$19.58	+0.3%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $247.69M

Near-term growth (yrs 1–5)(%)Rev: 6.3% / EPS: -53.3%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.50%

Computed WACC: 8.50%

Cost of equity (Re)9.07%(Rf 4.30% + β 0.87 × ERP 5.50%)

Cost of debt (Rd)10.08%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)48.01%

Debt weight (D/V)51.99%

Results

Intrinsic Value / share$31.51

Current Price$19.52

Upside / Downside+61.4%

Net Debt (used)$1.83B

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

WACC \ Near-term	-1.7%	2.3%	6.3%	10.3%	14.3%
7.0%	$28.35	$37.59	$48.32	$60.72	$74.98
8.0%	$20.06	$27.48	$36.09	$46.03	$57.45
9.0%	$14.31	$20.48	$27.63	$35.87	$45.33
10.0%	$10.10	$15.36	$21.44	$28.44	$36.46
11.0%	$6.88	$11.44	$16.71	$22.76	$29.70

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $3.13

Book Value / share($)Yahoo: $-4.99

Results

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

Graham Number—

Current Price$19.52

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.50%

Terminal growth rate(%)

Computed WACC: 8.50%

Cost of equity (Re)9.07%(Rf 4.30% + β 0.87 × ERP 5.50%)

Cost of debt (Rd)10.08%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)48.01%

Debt weight (D/V)51.99%

Results

Current Price$19.52

Implied Near-term FCF Growth1.6%

Historical Revenue Growth6.3%

Historical Earnings Growth-53.3%

Base FCF (TTM)$247.69M

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$19.52

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $618.30M

Target EV/EBITDA multipleCurrent: 6.2×

Net Debt($B)Default: $1.83B

Results

Implied Equity Value / share$19.58

Current Price$19.52

Upside / Downside+0.3%

Implied EV$3.85B

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

Mult \ Net Debt	$1.83B	$1.83B	$1.83B	$1.83B	$1.83B
2.2x	$-4.36	$-4.36	$-4.36	$-4.36	$-4.36
4.2x	$7.61	$7.61	$7.61	$7.61	$7.61
6.2x	$19.58	$19.58	$19.58	$19.58	$19.58
8.2x	$31.55	$31.55	$31.55	$31.55	$31.55
10.2x	$43.52	$43.52	$43.52	$43.52	$43.52

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