HUBG — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($43.07)
DCF	$35.66	-17.2%
Graham Number	$33.01	-23.4%
Reverse DCF	—	implied g: 23.4%
DDM	$10.30	-76.1%
EV/EBITDA	$44.36	+3.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $59.15M

Near-term growth (yrs 1–5)(%)Rev: -5.3% / EPS: 20.5%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.82%

Computed WACC: 8.82%

Cost of equity (Re)10.49%(Rf 4.30% + β 1.13 × 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)84.09%

Debt weight (D/V)15.91%

Results

Intrinsic Value / share$37.11

Current Price$43.07

Upside / Downside-13.8%

Net Debt (used)$379.06M

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

WACC \ Near-term	12.5%	16.5%	20.5%	24.5%	28.5%
7.0%	$39.57	$47.89	$57.40	$68.23	$80.52
8.0%	$30.45	$37.03	$44.56	$53.12	$62.83
9.0%	$24.17	$29.57	$35.73	$42.74	$50.68
10.0%	$19.61	$24.14	$29.32	$35.19	$41.85
11.0%	$16.15	$20.03	$24.45	$29.47	$35.16

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.74

Book Value / share($)Yahoo: $27.82

Results

Graham Number$33.01

Current Price$43.07

Margin of Safety-23.4%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.82%

Terminal growth rate(%)

Computed WACC: 8.82%

Cost of equity (Re)10.49%(Rf 4.30% + β 1.13 × 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)84.09%

Debt weight (D/V)15.91%

Results

Current Price$43.07

Implied Near-term FCF Growth22.8%

Historical Revenue Growth-5.3%

Historical Earnings Growth20.5%

Base FCF (TTM)$59.15M

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: $0.50

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$10.30

Current Price$43.07

Upside / Downside-76.1%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $332.96M

Target EV/EBITDA multipleCurrent: 9.2×

Net Debt($B)Default: $379.06M

Results

Implied Equity Value / share$44.36

Current Price$43.07

Upside / Downside+3.0%

Implied EV$3.07B

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

Mult \ Net Debt	-$1.62B	-$620.94M	$379.06M	$1.38B	$2.38B
5.2x	$55.39	$38.88	$22.37	$5.87	$-10.64
7.2x	$66.38	$49.87	$33.37	$16.86	$0.35
9.2x	$77.37	$60.87	$44.36	$27.85	$11.34
11.2x	$88.37	$71.86	$55.35	$38.84	$22.34
13.2x	$99.36	$82.85	$66.34	$49.84	$33.33

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