HLMN — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($8.07)
DCF	$-0.39	-104.8%
Graham Number	$5.30	-34.3%
Reverse DCF	—	implied g: 27.0%
DDM	—	—
EV/EBITDA	$8.12	+0.6%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $37.62M

Near-term growth (yrs 1–5)(%)Rev: 4.5% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.22%

Computed WACC: 9.22%

Cost of equity (Re)13.65%(Rf 4.30% + β 1.70 × 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)67.56%

Debt weight (D/V)32.44%

Results

Intrinsic Value / share$-0.50

Current Price$8.07

Upside / Downside-106.2%

Net Debt (used)$737.30M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-0.36	$0.32	$1.12	$2.04	$3.11
8.0%	$-0.96	$-0.41	$0.23	$0.97	$1.82
9.0%	$-1.38	$-0.92	$-0.39	$0.22	$0.93
10.0%	$-1.69	$-1.30	$-0.84	$-0.32	$0.28
11.0%	$-1.92	$-1.58	$-1.19	$-0.74	$-0.22

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.20

Book Value / share($)Yahoo: $6.25

Results

Graham Number$5.30

Current Price$8.07

Margin of Safety-34.3%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.22%

Terminal growth rate(%)

Computed WACC: 9.22%

Cost of equity (Re)13.65%(Rf 4.30% + β 1.70 × 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)67.56%

Debt weight (D/V)32.44%

Results

Current Price$8.07

Implied Near-term FCF Growth27.7%

Historical Revenue Growth4.5%

Historical Earnings Growth—

Base FCF (TTM)$37.62M

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$8.07

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $256.78M

Target EV/EBITDA multipleCurrent: 9.1×

Net Debt($B)Default: $737.30M

Results

Implied Equity Value / share$8.12

Current Price$8.07

Upside / Downside+0.6%

Implied EV$2.33B

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

Mult \ Net Debt	-$1.26B	-$262.70M	$737.30M	$1.74B	$2.74B
5.1x	$13.07	$7.98	$2.90	$-2.19	$-7.28
7.1x	$15.68	$10.59	$5.51	$0.42	$-4.67
9.1x	$18.29	$13.21	$8.12	$3.03	$-2.05
11.1x	$20.91	$15.82	$10.73	$5.65	$0.56
13.1x	$23.52	$18.43	$13.34	$8.26	$3.17

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