SDHC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($15.36)
DCF	$21.32	+38.8%
Graham Number	$16.14	+5.1%
Reverse DCF	—	implied g: 0.5%
DDM	—	—
EV/EBITDA	$53.88	+250.8%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $13.29M

Near-term growth (yrs 1–5)(%)Rev: -5.7% / EPS: -59.4%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.77%

Computed WACC: 6.77%

Cost of equity (Re)9.50%(Rf 4.30% + β 0.94 × 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)71.29%

Debt weight (D/V)28.71%

Results

Intrinsic Value / share$35.00

Current Price$15.36

Upside / Downside+127.9%

Net Debt (used)$41.02M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$21.55	$26.82	$32.96	$40.07	$48.25
8.0%	$16.90	$21.15	$26.08	$31.79	$38.35
9.0%	$13.69	$17.22	$21.32	$26.06	$31.50
10.0%	$11.32	$14.34	$17.83	$21.86	$26.49
11.0%	$9.51	$12.14	$15.17	$18.66	$22.66

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.27

Book Value / share($)Yahoo: $9.11

Results

Graham Number$16.14

Current Price$15.36

Margin of Safety+5.1%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.77%

Terminal growth rate(%)

Computed WACC: 6.77%

Cost of equity (Re)9.50%(Rf 4.30% + β 0.94 × 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)71.29%

Debt weight (D/V)28.71%

Results

Current Price$15.36

Implied Near-term FCF Growth-5.8%

Historical Revenue Growth-5.7%

Historical Earnings Growth-59.4%

Base FCF (TTM)$13.29M

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$15.36

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $89.55M

Target EV/EBITDA multipleCurrent: 5.9×

Net Debt($B)Default: $41.02M

Results

Implied Equity Value / share$53.88

Current Price$15.36

Upside / Downside+250.8%

Implied EV$526.89M

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

Mult \ Net Debt	-$1.96B	-$958.98M	$41.02M	$1.04B	$2.04B
1.9x	$235.95	$125.05	$14.16	$-96.73	$-207.63
3.9x	$255.81	$144.91	$34.02	$-76.87	$-187.77
5.9x	$275.67	$164.77	$53.88	$-57.01	$-167.91
7.9x	$295.53	$184.63	$73.74	$-37.15	$-148.05
9.9x	$315.39	$204.50	$93.60	$-17.29	$-128.19

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