LTH — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($26.44)
DCF	$-113521.70	-429455.9%
Graham Number	$19.94	-24.6%
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$26.60	+0.6%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$242.54M

Near-term growth (yrs 1–5)(%)Rev: 12.3% / EPS: 220.0%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 7.87%

Computed WACC: 7.87%

Cost of equity (Re)13.54%(Rf 4.30% + β 1.68 × 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)58.15%

Debt weight (D/V)41.85%

Results

Intrinsic Value / share$-149285.25

Current Price$26.44

Upside / Downside-564719.0%

Net Debt (used)$3.99B

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

WACC \ Near-term	212.0%	216.0%	220.0%	224.0%	228.0%
7.0%	$-167438.94	$-178447.44	$-190027.56	$-202201.30	$-214991.19
8.0%	$-127206.08	$-135568.63	$-144365.39	$-153613.07	$-163328.79
9.0%	$-100029.71	$-106605.01	$-113521.70	$-120792.92	$-128432.12
10.0%	$-80633.88	$-85933.62	$-91508.51	$-97369.15	$-103526.36
11.0%	$-66230.09	$-70582.59	$-75161.06	$-79974.18	$-85030.85

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.25

Book Value / share($)Yahoo: $14.14

Results

Graham Number$19.94

Current Price$26.44

Margin of Safety-24.6%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 7.87%

Terminal growth rate(%)

Computed WACC: 7.87%

Cost of equity (Re)13.54%(Rf 4.30% + β 1.68 × 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)58.15%

Debt weight (D/V)41.85%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$26.44

Implied Near-term FCF Growth—

Historical Revenue Growth12.3%

Historical Earnings Growth220.0%

Base FCF (TTM)-$242.54M

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$26.44

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $774.20M

Target EV/EBITDA multipleCurrent: 12.7×

Net Debt($B)Default: $3.99B

Results

Implied Equity Value / share$26.60

Current Price$26.44

Upside / Downside+0.6%

Implied EV$9.86B

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

Mult \ Net Debt	$1.99B	$2.99B	$3.99B	$4.99B	$5.99B
8.7x	$21.62	$17.09	$12.55	$8.02	$3.48
10.7x	$28.64	$24.11	$19.57	$15.04	$10.50
12.7x	$35.67	$31.13	$26.60	$22.06	$17.53
14.7x	$42.69	$38.15	$33.62	$29.08	$24.55
16.7x	$49.71	$45.18	$40.64	$36.11	$31.57

← Overview Financial Statements ← Companies