RHI — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($24.44)
DCF	$31.06	+27.1%
Graham Number	$19.60	-19.8%
Reverse DCF	—	implied g: 0.6%
DDM	$48.62	+98.9%
EV/EBITDA	$23.30	-4.6%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $166.52M

Near-term growth (yrs 1–5)(%)Rev: -5.8% / EPS: -39.7%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.41%

Computed WACC: 8.41%

Cost of equity (Re)9.24%(Rf 4.30% + β 0.90 × 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)91.01%

Debt weight (D/V)8.99%

Results

Intrinsic Value / share$33.98

Current Price$24.44

Upside / Downside+39.0%

Net Debt (used)-$218.90M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$31.31	$37.21	$44.06	$52.00	$61.14
8.0%	$26.12	$30.87	$36.38	$42.75	$50.08
9.0%	$22.53	$26.48	$31.06	$36.35	$42.43
10.0%	$19.89	$23.26	$27.17	$31.66	$36.83
11.0%	$17.87	$20.80	$24.19	$28.08	$32.55

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.33

Book Value / share($)Yahoo: $12.84

Results

Graham Number$19.60

Current Price$24.44

Margin of Safety-19.8%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.41%

Terminal growth rate(%)

Computed WACC: 8.41%

Cost of equity (Re)9.24%(Rf 4.30% + β 0.90 × 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)91.01%

Debt weight (D/V)8.99%

Results

Current Price$24.44

Implied Near-term FCF Growth-0.9%

Historical Revenue Growth-5.8%

Historical Earnings Growth-39.7%

Base FCF (TTM)$166.52M

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: $2.36

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$48.62

Current Price$24.44

Upside / Downside+98.9%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $128.37M

Target EV/EBITDA multipleCurrent: 16.7×

Net Debt($B)Default: -$218.90M

Results

Implied Equity Value / share$23.30

Current Price$24.44

Upside / Downside-4.6%

Implied EV$2.14B

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

Mult \ Net Debt	-$2.22B	-$1.22B	-$218.90M	$781.10M	$1.78B
12.7x	$38.00	$28.11	$18.23	$8.34	$-1.54
14.7x	$40.54	$30.65	$20.77	$10.88	$1.00
16.7x	$43.07	$33.19	$23.30	$13.42	$3.53
18.7x	$45.61	$35.73	$25.84	$15.96	$6.07
20.7x	$48.15	$38.26	$28.38	$18.49	$8.61

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