HRTG — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($28.19)
DCF	$57284640.73	+203208983.8%
Graham Number	$40.33	+43.1%
Reverse DCF	—	implied g: -7.4%
DDM	—	—
EV/EBITDA	$26.65	-5.5%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $48.87M

Near-term growth (yrs 1–5)(%)Rev: 0.3% / EPS: 513.0%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.44%

Computed WACC: 8.44%

Cost of equity (Re)9.42%(Rf 4.30% + β 0.93 × 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)89.58%

Debt weight (D/V)10.42%

Results

Intrinsic Value / share$65511587.94

Current Price$28.19

Upside / Downside+232392904.4%

Net Debt (used)-$458.77M

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

WACC \ Near-term	505.0%	509.0%	513.0%	517.0%	521.0%
7.0%	$90804714.76	$93846463.56	$96969185.00	$100174485.09	$103463990.90
8.0%	$68602501.67	$70900523.93	$73259720.45	$75681304.53	$78166505.43
9.0%	$53642984.97	$55439895.65	$57284640.73	$59178168.94	$61121441.48
10.0%	$42995650.36	$44435898.40	$45914486.29	$47432174.45	$48989733.29
11.0%	$35112058.01	$36288222.89	$37495697.58	$38735103.09	$40007068.56

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $4.83

Book Value / share($)Yahoo: $14.96

Results

Graham Number$40.33

Current Price$28.19

Margin of Safety+43.1%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.44%

Terminal growth rate(%)

Computed WACC: 8.44%

Cost of equity (Re)9.42%(Rf 4.30% + β 0.93 × 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)89.58%

Debt weight (D/V)10.42%

Results

Current Price$28.19

Implied Near-term FCF Growth-8.7%

Historical Revenue Growth0.3%

Historical Earnings Growth513.0%

Base FCF (TTM)$48.87M

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$28.19

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $220.97M

Target EV/EBITDA multipleCurrent: 1.7×

Net Debt($B)Default: -$458.77M

Results

Implied Equity Value / share$26.65

Current Price$28.19

Upside / Downside-5.5%

Implied EV$365.04M

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

Mult \ Net Debt	-$2.46B	-$1.46B	-$458.77M	$541.23M	$1.54B
-2.3x	$62.76	$30.41	$-1.94	$-34.29	$-66.64
-0.3x	$77.05	$44.70	$12.35	$-20.00	$-52.35
1.7x	$91.35	$59.00	$26.65	$-5.70	$-38.05
3.7x	$105.65	$73.30	$40.95	$8.60	$-23.75
5.7x	$119.95	$87.59	$55.24	$22.89	$-9.46

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