RH — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($158.90)
DCF	$55.09	-65.3%
Graham Number	$4.71	-97.0%
Reverse DCF	—	implied g: 15.9%
DDM	—	—
EV/EBITDA	$165.70	+4.3%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $208.59M

Near-term growth (yrs 1–5)(%)Rev: 8.9% / EPS: 10.2%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.54%

Computed WACC: 9.54%

Cost of equity (Re)15.95%(Rf 4.30% + β 2.12 × ERP 5.50%)

Cost of debt (Rd)5.99%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)42.90%

Debt weight (D/V)57.10%

Results

Intrinsic Value / share$33.53

Current Price$158.90

Upside / Downside-78.9%

Net Debt (used)$3.93B

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

WACC \ Near-term	2.2%	6.2%	10.2%	14.2%	18.2%
7.0%	$65.07	$118.66	$180.62	$251.92	$333.60
8.0%	$14.00	$56.85	$106.35	$163.25	$228.36
9.0%	$-21.29	$14.18	$55.09	$102.07	$155.79
10.0%	$-47.10	$-17.02	$17.63	$57.39	$102.80
11.0%	$-66.79	$-40.81	$-10.90	$23.37	$62.47

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $5.53

Book Value / share($)Yahoo: $0.18

Results

Graham Number$4.71

Current Price$158.90

Margin of Safety-97.0%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.54%

Terminal growth rate(%)

Computed WACC: 9.54%

Cost of equity (Re)15.95%(Rf 4.30% + β 2.12 × ERP 5.50%)

Cost of debt (Rd)5.99%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)42.90%

Debt weight (D/V)57.10%

Results

Current Price$158.90

Implied Near-term FCF Growth17.5%

Historical Revenue Growth8.9%

Historical Earnings Growth10.2%

Base FCF (TTM)$208.59M

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$158.90

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $528.88M

Target EV/EBITDA multipleCurrent: 13.3×

Net Debt($B)Default: $3.93B

Results

Implied Equity Value / share$165.70

Current Price$158.90

Upside / Downside+4.3%

Implied EV$7.04B

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

Mult \ Net Debt	$1.93B	$2.93B	$3.93B	$4.93B	$5.93B
9.3x	$159.55	$106.29	$53.04	$-0.22	$-53.47
11.3x	$215.88	$162.62	$109.37	$56.11	$2.86
13.3x	$272.21	$218.95	$165.70	$112.44	$59.19
15.3x	$328.54	$275.28	$222.03	$168.77	$115.52
17.3x	$384.87	$331.61	$278.36	$225.10	$171.85

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