SHBI — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($18.79)
DCF	$7.65	-59.3%
Graham Number	$26.59	+41.5%
Reverse DCF	—	—
DDM	$9.89	-47.4%
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: —

Near-term growth (yrs 1–5)(%)Rev: 8.1% / EPS: 19.3%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 7.94%

Computed WACC: 7.94%

Cost of equity (Re)9.21%(Rf 4.30% + β 0.89 × 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)86.25%

Debt weight (D/V)13.75%

Results

Intrinsic Value / share$7.65

Current Price$18.79

Upside / Downside-59.3%

Net Debt (used)-$255.48M

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

WACC \ Near-term	11.3%	15.3%	19.3%	23.3%	27.3%
7.0%	$7.65	$7.65	$7.65	$7.65	$7.65
8.0%	$7.65	$7.65	$7.65	$7.65	$7.65
9.0%	$7.65	$7.65	$7.65	$7.65	$7.65
10.0%	$7.65	$7.65	$7.65	$7.65	$7.65
11.0%	$7.65	$7.65	$7.65	$7.65	$7.65

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.78

Book Value / share($)Yahoo: $17.65

Results

Graham Number$26.59

Current Price$18.79

Margin of Safety+41.5%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 7.94%

Terminal growth rate(%)

Computed WACC: 7.94%

Cost of equity (Re)9.21%(Rf 4.30% + β 0.89 × 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)86.25%

Debt weight (D/V)13.75%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$18.79

Implied Near-term FCF Growth—

Historical Revenue Growth8.1%

Historical Earnings Growth19.3%

Base FCF (TTM)—

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: $0.48

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$9.89

Current Price$18.79

Upside / Downside-47.4%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: -$255.48M

Results

Implied Equity Value / share$7.65

Current Price$18.79

Upside / Downside-59.3%

Implied EV$0

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