QRHC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($1.70)
DCF	$4.63	+172.5%
Graham Number	—	—
Reverse DCF	—	implied g: -2.9%
DDM	—	—
EV/EBITDA	$1.70	+0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $9.34M

Near-term growth (yrs 1–5)(%)Rev: -13.0% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.24%

Computed WACC: 9.24%

Cost of equity (Re)4.75%(Rf 4.30% + β 0.08 × ERP 5.50%)

Cost of debt (Rd)14.64%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)34.15%

Debt weight (D/V)65.85%

Results

Intrinsic Value / share$4.35

Current Price$1.70

Upside / Downside+155.9%

Net Debt (used)$67.26M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$4.70	$6.30	$8.17	$10.32	$12.81
8.0%	$3.29	$4.58	$6.08	$7.81	$9.80
9.0%	$2.31	$3.39	$4.63	$6.07	$7.72
10.0%	$1.60	$2.51	$3.57	$4.80	$6.20
11.0%	$1.05	$1.84	$2.76	$3.82	$5.04

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-1.12

Book Value / share($)Yahoo: $2.02

Results

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

Graham Number—

Current Price$1.70

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.24%

Terminal growth rate(%)

Computed WACC: 9.24%

Cost of equity (Re)4.75%(Rf 4.30% + β 0.08 × ERP 5.50%)

Cost of debt (Rd)14.64%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)34.15%

Debt weight (D/V)65.85%

Results

Current Price$1.70

Implied Near-term FCF Growth-2.4%

Historical Revenue Growth-13.0%

Historical Earnings Growth—

Base FCF (TTM)$9.34M

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$1.70

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $5.09M

Target EV/EBITDA multipleCurrent: 20.2×

Net Debt($B)Default: $67.26M

Results

Implied Equity Value / share$1.70

Current Price$1.70

Upside / Downside+0.0%

Implied EV$102.74M

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

Mult \ Net Debt	-$1.93B	-$932.74M	$67.26M	$1.07B	$2.07B
16.2x	$96.56	$48.64	$0.72	$-47.19	$-95.11
18.2x	$97.04	$49.13	$1.21	$-46.70	$-94.62
20.2x	$97.53	$49.62	$1.70	$-46.22	$-94.13
22.2x	$98.02	$50.10	$2.19	$-45.73	$-93.64
24.2x	$98.51	$50.59	$2.68	$-45.24	$-93.16

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