HLI — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($163.13)
DCF	$10.29	-93.7%
Graham Number	$69.44	-57.4%
Reverse DCF	—	—
DDM	$49.44	-69.7%
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: —

Near-term growth (yrs 1–5)(%)Rev: 13.0% / EPS: 22.3%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.20%

Computed WACC: 9.20%

Cost of equity (Re)9.60%(Rf 4.30% + β 0.96 × 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)95.83%

Debt weight (D/V)4.17%

Results

Intrinsic Value / share$10.29

Current Price$163.13

Upside / Downside-93.7%

Net Debt (used)-$559.35M

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

WACC \ Near-term	14.3%	18.3%	22.3%	26.3%	30.3%
7.0%	$10.29	$10.29	$10.29	$10.29	$10.29
8.0%	$10.29	$10.29	$10.29	$10.29	$10.29
9.0%	$10.29	$10.29	$10.29	$10.29	$10.29
10.0%	$10.29	$10.29	$10.29	$10.29	$10.29
11.0%	$10.29	$10.29	$10.29	$10.29	$10.29

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $6.51

Book Value / share($)Yahoo: $32.92

Results

Graham Number$69.44

Current Price$163.13

Margin of Safety-57.4%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.20%

Terminal growth rate(%)

Computed WACC: 9.20%

Cost of equity (Re)9.60%(Rf 4.30% + β 0.96 × 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)95.83%

Debt weight (D/V)4.17%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$163.13

Implied Near-term FCF Growth—

Historical Revenue Growth13.0%

Historical Earnings Growth22.3%

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

Annual dividend D0($/share)Yahoo: $2.40

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$49.44

Current Price$163.13

Upside / Downside-69.7%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: -$559.35M

Results

Implied Equity Value / share$10.29

Current Price$163.13

Upside / Downside-93.7%

Implied EV$0

← Overview Financial Statements ← Companies