HNVR — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($21.08)
DCF	$10.21	-51.6%
Graham Number	$24.66	+17.0%
Reverse DCF	—	—
DDM	$8.24	-60.9%
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: -29.0% / EPS: -99.1%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 2.39%

Computed WACC: 2.39%

Cost of equity (Re)4.53%(Rf 4.30% + β 0.04 × 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)52.71%

Debt weight (D/V)47.29%

Results

Intrinsic Value / share—

Current Price$21.08

Upside / Downside—

Net Debt (used)-$72.87M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$10.21	$10.21	$10.21	$10.21	$10.21
8.0%	$10.21	$10.21	$10.21	$10.21	$10.21
9.0%	$10.21	$10.21	$10.21	$10.21	$10.21
10.0%	$10.21	$10.21	$10.21	$10.21	$10.21
11.0%	$10.21	$10.21	$10.21	$10.21	$10.21

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.00

Book Value / share($)Yahoo: $27.02

Results

Graham Number$24.66

Current Price$21.08

Margin of Safety+17.0%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 2.39%

Terminal growth rate(%)

Computed WACC: 2.39%

Cost of equity (Re)4.53%(Rf 4.30% + β 0.04 × 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)52.71%

Debt weight (D/V)47.29%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$21.08

Implied Near-term FCF Growth—

Historical Revenue Growth-29.0%

Historical Earnings Growth-99.1%

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: $0.40

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$8.24

Current Price$21.08

Upside / Downside-60.9%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: -$72.87M

Results

Implied Equity Value / share$10.21

Current Price$21.08

Upside / Downside-51.6%

Implied EV$0

← Overview Financial Statements ← Companies