HQL

HQL — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($16.39)
DCF$-21031.72-128420.4%
Graham Number$33.01+101.4%
Reverse DCF
DDM$46.14+181.5%
EV/EBITDA

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: -$2.18M
Rev: -69.9% / EPS: 259.4%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$-21031.72
Current Price$16.39
Upside / Downside-128420.4%
Net Debt (used)-$75,538
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term251.4%255.4%259.4%263.4%267.4%
7.0%$-31553.73$-33390.77$-35312.39$-37321.48$-39421.00
8.0%$-23935.71$-25329.19$-26786.83$-28310.81$-29903.39
9.0%$-18793.23$-19887.29$-21031.72$-22228.24$-23478.61
10.0%$-15125.62$-16006.13$-16927.19$-17890.17$-18896.48
11.0%$-12404.05$-13126.11$-13881.40$-14671.08$-15496.29

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $2.79
Yahoo: $17.35

Results

Graham Number$33.01
Current Price$16.39
Margin of Safety+101.4%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Reverse DCF requires positive TTM free cash flow.
Current Price$16.39
Implied Near-term FCF Growth
Historical Revenue Growth-69.9%
Historical Earnings Growth259.4%
Base FCF (TTM)-$2.18M
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

Yahoo: $2.24

Results

DDM Intrinsic Value / share$46.14
Current Price$16.39
Upside / Downside+181.5%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: —
Current: —×
Default: -$75,538

Results

Implied Equity Value / share$0.00
Current Price$16.39
Upside / Downside-100.0%
Implied EV$0