HOPE — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($11.47)
DCF	$0.82	-92.9%
Graham Number	$13.87	+20.9%
Reverse DCF	—	—
DDM	$11.54	+0.6%
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: 32.0% / EPS: 45.8%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 11.18%

Computed WACC: 11.18%

Cost of equity (Re)8.86%(Rf 4.30% + β 0.83 × ERP 5.50%)

Cost of debt (Rd)22.88%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)74.89%

Debt weight (D/V)25.11%

Results

Intrinsic Value / share$0.82

Current Price$11.47

Upside / Downside-92.9%

Net Debt (used)-$104.55M

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

WACC \ Near-term	37.8%	41.8%	45.8%	49.8%	53.8%
7.0%	$0.82	$0.82	$0.82	$0.82	$0.82
8.0%	$0.82	$0.82	$0.82	$0.82	$0.82
9.0%	$0.82	$0.82	$0.82	$0.82	$0.82
10.0%	$0.82	$0.82	$0.82	$0.82	$0.82
11.0%	$0.82	$0.82	$0.82	$0.82	$0.82

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.48

Book Value / share($)Yahoo: $17.81

Results

Graham Number$13.87

Current Price$11.47

Margin of Safety+20.9%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 11.18%

Terminal growth rate(%)

Computed WACC: 11.18%

Cost of equity (Re)8.86%(Rf 4.30% + β 0.83 × ERP 5.50%)

Cost of debt (Rd)22.88%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)74.89%

Debt weight (D/V)25.11%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$11.47

Implied Near-term FCF Growth—

Historical Revenue Growth32.0%

Historical Earnings Growth45.8%

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: $0.56

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$11.54

Current Price$11.47

Upside / Downside+0.6%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: -$104.55M

Results

Implied Equity Value / share$0.82

Current Price$11.47

Upside / Downside-92.9%

Implied EV$0

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