HPP — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($7.45)
DCF	$264.05	+3444.3%
Graham Number	—	—
Reverse DCF	—	implied g: -2.2%
DDM	—	—
EV/EBITDA	$19.58	+162.8%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $351.09M

Near-term growth (yrs 1–5)(%)Rev: 23.6% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.87%

Computed WACC: 5.87%

Cost of equity (Re)12.56%(Rf 4.30% + β 1.50 × 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)46.73%

Debt weight (D/V)53.27%

Results

Intrinsic Value / share$629.90

Current Price$7.45

Upside / Downside+8355.1%

Net Debt (used)$3.62B

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

WACC \ Near-term	15.6%	19.6%	23.6%	27.6%	31.6%
7.0%	$299.12	$364.05	$438.07	$522.10	$617.15
8.0%	$225.19	$276.46	$334.88	$401.16	$476.09
9.0%	$174.41	$216.33	$264.05	$318.17	$379.31
10.0%	$137.50	$172.63	$212.59	$257.88	$309.03
11.0%	$109.54	$139.54	$173.64	$212.26	$255.85

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-16.03

Book Value / share($)Yahoo: $47.03

Results

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

Graham Number—

Current Price$7.45

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.87%

Terminal growth rate(%)

Computed WACC: 5.87%

Cost of equity (Re)12.56%(Rf 4.30% + β 1.50 × 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)46.73%

Debt weight (D/V)53.27%

Results

Current Price$7.45

Implied Near-term FCF Growth-11.4%

Historical Revenue Growth23.6%

Historical Earnings Growth—

Base FCF (TTM)$351.09M

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$7.45

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $296.19M

Target EV/EBITDA multipleCurrent: 15.8×

Net Debt($B)Default: $3.62B

Results

Implied Equity Value / share$19.58

Current Price$7.45

Upside / Downside+162.8%

Implied EV$4.68B

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

Mult \ Net Debt	$1.62B	$2.62B	$3.62B	$4.62B	$5.62B
11.8x	$34.61	$16.17	$-2.28	$-20.72	$-39.17
13.8x	$45.54	$27.09	$8.65	$-9.79	$-28.24
15.8x	$56.46	$38.02	$19.58	$1.13	$-17.31
17.8x	$67.39	$48.95	$30.50	$12.06	$-6.39
19.8x	$78.32	$59.87	$41.43	$22.98	$4.54

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