VHC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($14.65)
DCF	$-254233302227739.53	-1735380902578526.8%
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: -$9.80M

Near-term growth (yrs 1–5)(%)Rev: 2800.0% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 14.89%

Computed WACC: 14.89%

Cost of equity (Re)16.78%(Rf 4.30% + β 2.27 × 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)88.75%

Debt weight (D/V)11.25%

Results

Intrinsic Value / share$-83409547959541.22

Current Price$14.65

Upside / Downside-569348450235876.3%

Net Debt (used)-$20.26M

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

WACC \ Near-term	2792.0%	2796.0%	2800.0%	2804.0%	2808.0%
7.0%	$-427262946984137.13	$-430225924158792.31	$-433205316672341.81	$-436201192638095.13	$-439213620357519.75
8.0%	$-321734131923251.94	$-323965289330556.63	$-326208807685247.13	$-328464738277463.81	$-330733132539031.94
9.0%	$-250745929819768.91	$-252484799224824.56	$-254233302227739.53	$-255991478801872.53	$-257759369031005.94
10.0%	$-200309999450107.81	$-201699106462731.47	$-203095909336988.81	$-204500440005854.78	$-205912730490516.84
11.0%	$-163036513263004.13	$-164167136619098.06	$-165304023798517.00	$-166447200792179.38	$-167596693662801.81

2 — Graham Number

Assumptions

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

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

Book Value / share($)Yahoo: $6.86

Results

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

Graham Number—

Current Price$14.65

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 14.89%

Terminal growth rate(%)

Computed WACC: 14.89%

Cost of equity (Re)16.78%(Rf 4.30% + β 2.27 × 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)88.75%

Debt weight (D/V)11.25%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$14.65

Implied Near-term FCF Growth—

Historical Revenue Growth2800.0%

Historical Earnings Growth—

Base FCF (TTM)-$9.80M

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$14.65

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$18.78M

Target EV/EBITDA multipleCurrent: -2.3×

Net Debt($B)Default: -$20.26M

Results

Implied Equity Value / share$14.65

Current Price$14.65

Upside / Downside-0.0%

Implied EV$42.30M

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