STHO — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($8.89)
DCF	$84.52	+850.7%
Graham Number	—	—
Reverse DCF	—	implied g: -17.8%
DDM	—	—
EV/EBITDA	$10.19	+14.6%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $70.69M

Near-term growth (yrs 1–5)(%)Rev: 1.8% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 3.24%

Computed WACC: 3.24%

Cost of equity (Re)10.94%(Rf 4.30% + β 1.21 × 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)29.59%

Debt weight (D/V)70.41%

Results

Intrinsic Value / share$894.01

Current Price$8.89

Upside / Downside+9956.4%

Net Debt (used)$219.28M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$85.40	$106.34	$130.70	$158.89	$191.37
8.0%	$66.98	$83.83	$103.41	$126.04	$152.07
9.0%	$54.21	$68.24	$84.52	$103.31	$124.90
10.0%	$44.84	$56.81	$70.68	$86.66	$105.00
11.0%	$37.66	$48.06	$60.09	$73.94	$89.82

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-4.90

Book Value / share($)Yahoo: $20.44

Results

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

Graham Number—

Current Price$8.89

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 3.24%

Terminal growth rate(%)

Computed WACC: 3.24%

Cost of equity (Re)10.94%(Rf 4.30% + β 1.21 × 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)29.59%

Debt weight (D/V)70.41%

Results

Current Price$8.89

Implied Near-term FCF Growth-20.0%

Historical Revenue Growth1.8%

Historical Earnings Growth—

Base FCF (TTM)$70.69M

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$8.89

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $25.68M

Target EV/EBITDA multipleCurrent: 13.3×

Net Debt($B)Default: $219.28M

Results

Implied Equity Value / share$10.19

Current Price$8.89

Upside / Downside+14.6%

Implied EV$342.42M

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

Mult \ Net Debt	-$1.78B	-$780.72M	$219.28M	$1.22B	$2.22B
9.3x	$167.13	$84.41	$1.69	$-81.03	$-163.75
11.3x	$171.38	$88.66	$5.94	$-76.78	$-159.51
13.3x	$175.63	$92.91	$10.19	$-72.54	$-155.26
15.3x	$179.88	$97.16	$14.43	$-68.29	$-151.01
17.3x	$184.13	$101.40	$18.68	$-64.04	$-146.76

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