SKYH — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($8.91)
DCF	$-831.84	-9436.0%
Graham Number	—	—
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$35.94M

Near-term growth (yrs 1–5)(%)Rev: 78.2% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.38%

Computed WACC: 8.38%

Cost of equity (Re)12.47%(Rf 4.30% + β 1.49 × ERP 5.50%)

Cost of debt (Rd)0.44%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)66.25%

Debt weight (D/V)33.75%

Results

Intrinsic Value / share$-951.23

Current Price$8.91

Upside / Downside-10776.0%

Net Debt (used)$322.20M

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

WACC \ Near-term	70.2%	74.2%	78.2%	82.2%	86.2%
7.0%	$-1070.38	$-1200.29	$-1342.65	$-1498.34	$-1668.27
8.0%	$-828.64	$-928.80	$-1038.54	$-1158.55	$-1289.52
9.0%	$-664.33	$-744.26	$-831.84	$-927.60	$-1032.11
10.0%	$-546.24	$-611.65	$-683.30	$-761.65	$-847.14
11.0%	$-457.89	$-512.43	$-572.18	$-637.49	$-708.76

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.46

Book Value / share($)Yahoo: $3.44

Results

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

Graham Number—

Current Price$8.91

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.38%

Terminal growth rate(%)

Computed WACC: 8.38%

Cost of equity (Re)12.47%(Rf 4.30% + β 1.49 × ERP 5.50%)

Cost of debt (Rd)0.44%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)66.25%

Debt weight (D/V)33.75%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$8.91

Implied Near-term FCF Growth—

Historical Revenue Growth78.2%

Historical Earnings Growth—

Base FCF (TTM)-$35.94M

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$8.91

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$22.20M

Target EV/EBITDA multipleCurrent: -30.3×

Net Debt($B)Default: $322.20M

Results

Implied Equity Value / share$10.25

Current Price$8.91

Upside / Downside+15.1%

Implied EV$671.51M

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