HYAC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($11.50)
DCF	$-0.01	-100.1%
Graham Number	—	—
Reverse DCF	—	implied g: 108.6%
DDM	—	—
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $98,023

Near-term growth (yrs 1–5)(%)Rev: — / EPS: -44.2%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 4.17%

Computed WACC: 4.17%

Cost of equity (Re)4.20%(Rf 4.30% + β -0.02 × 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)99.44%

Debt weight (D/V)0.56%

Results

Intrinsic Value / share$0.21

Current Price$11.50

Upside / Downside-98.2%

Net Debt (used)$1.87M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-0.01	$0.01	$0.03	$0.05	$0.07
8.0%	$-0.02	$-0.01	$0.01	$0.02	$0.04
9.0%	$-0.03	$-0.02	$-0.01	$0.01	$0.02
10.0%	$-0.03	$-0.03	$-0.02	$-0.00	$0.01
11.0%	$-0.04	$-0.03	$-0.02	$-0.01	$-0.00

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.30

Book Value / share($)Yahoo: $-0.41

Results

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

Graham Number—

Current Price$11.50

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 4.17%

Terminal growth rate(%)

Computed WACC: 4.17%

Cost of equity (Re)4.20%(Rf 4.30% + β -0.02 × 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)99.44%

Debt weight (D/V)0.56%

Results

Current Price$11.50

Implied Near-term FCF Growth70.1%

Historical Revenue Growth—

Historical Earnings Growth-44.2%

Base FCF (TTM)$98,023

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$11.50

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: $1.87M

Results

Implied Equity Value / share$-0.08

Current Price$11.50

Upside / Downside-100.7%

Implied EV$0

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