NHTC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($3.04)
DCF	$-9.33	-406.8%
Graham Number	—	—
Reverse DCF	—	—
DDM	$8.24	+171.1%
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$6.09M

Near-term growth (yrs 1–5)(%)Rev: -10.1% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.15%

Computed WACC: 8.15%

Cost of equity (Re)8.61%(Rf 4.30% + β 0.78 × 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)94.59%

Debt weight (D/V)5.41%

Results

Intrinsic Value / share$-11.22

Current Price$3.04

Upside / Downside-469.2%

Net Debt (used)-$26.87M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-9.43	$-11.98	$-14.93	$-18.35	$-22.30
8.0%	$-7.20	$-9.24	$-11.62	$-14.37	$-17.53
9.0%	$-5.65	$-7.35	$-9.33	$-11.61	$-14.23
10.0%	$-4.51	$-5.96	$-7.65	$-9.59	$-11.81
11.0%	$-3.64	$-4.90	$-6.36	$-8.04	$-9.97

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.08

Book Value / share($)Yahoo: $2.04

Results

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

Graham Number—

Current Price$3.04

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.15%

Terminal growth rate(%)

Computed WACC: 8.15%

Cost of equity (Re)8.61%(Rf 4.30% + β 0.78 × 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)94.59%

Debt weight (D/V)5.41%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$3.04

Implied Near-term FCF Growth—

Historical Revenue Growth-10.1%

Historical Earnings Growth—

Base FCF (TTM)-$6.09M

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: $0.40

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$8.24

Current Price$3.04

Upside / Downside+171.1%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$1.70M

Target EV/EBITDA multipleCurrent: 0.5×

Net Debt($B)Default: -$26.87M

Results

Implied Equity Value / share$3.04

Current Price$3.04

Upside / Downside-0.0%

Implied EV-$796,831

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