HUBS — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($263.60)
DCF	$83808306566.84	+31793742907.1%
Graham Number	$27.74	-89.5%
Reverse DCF	—	implied g: 6.5%
DDM	—	—
EV/EBITDA	$263.60	+0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $651.59M

Near-term growth (yrs 1–5)(%)Rev: 20.4% / EPS: 968.1%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 11.75%

Computed WACC: 11.75%

Cost of equity (Re)11.97%(Rf 4.30% + β 1.39 × 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)98.15%

Debt weight (D/V)1.85%

Results

Intrinsic Value / share$47315706068.68

Current Price$263.60

Upside / Downside+17949812520.9%

Net Debt (used)-$1.44B

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

WACC \ Near-term	960.1%	964.1%	968.1%	972.1%	976.1%
7.0%	$137099913513.96	$139706052813.27	$142351674481.51	$145037225440.30	$147763155971.26
8.0%	$103380472618.88	$105345637214.64	$107340573568.64	$109365618683.00	$111421112093.43
9.0%	$80681948676.39	$82215635789.63	$83772557882.39	$85352977963.55	$86957161019.32
10.0%	$64542816978.32	$65769714459.38	$67015199131.85	$68279481393.86	$69562773225.32
11.0%	$52605925062.63	$53605913519.93	$54621051552.34	$55651510645.79	$56697463575.46

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.87

Book Value / share($)Yahoo: $39.32

Results

Graham Number$27.74

Current Price$263.60

Margin of Safety-89.5%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 11.75%

Terminal growth rate(%)

Computed WACC: 11.75%

Cost of equity (Re)11.97%(Rf 4.30% + β 1.39 × 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)98.15%

Debt weight (D/V)1.85%

Results

Current Price$263.60

Implied Near-term FCF Growth13.2%

Historical Revenue Growth20.4%

Historical Earnings Growth968.1%

Base FCF (TTM)$651.59M

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$263.60

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $30.81M

Target EV/EBITDA multipleCurrent: 404.4×

Net Debt($B)Default: -$1.44B

Results

Implied Equity Value / share$263.60

Current Price$263.60

Upside / Downside+0.0%

Implied EV$12.46B

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

Mult \ Net Debt	-$1.44B	-$1.44B	-$1.44B	-$1.44B	-$1.44B
400.4x	$261.26	$261.26	$261.26	$261.26	$261.26
402.4x	$262.43	$262.43	$262.43	$262.43	$262.43
404.4x	$263.60	$263.60	$263.60	$263.60	$263.60
406.4x	$264.77	$264.77	$264.77	$264.77	$264.77
408.4x	$265.94	$265.94	$265.94	$265.94	$265.94

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