WHLR — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($1.86)
DCF	$-793.24	-42747.6%
Graham Number	—	—
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$111.55	+5897.4%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$28.81M

Near-term growth (yrs 1–5)(%)Rev: -3.9% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 0.73%

Computed WACC: 0.73%

Cost of equity (Re)11.48%(Rf 4.30% + β 1.31 × ERP 5.50%)

Cost of debt (Rd)0.87%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)0.46%

Debt weight (D/V)99.54%

Results

Intrinsic Value / share—

Current Price$1.86

Upside / Downside—

Net Debt (used)$469.90M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-796.78	$-880.65	$-978.23	$-1091.17	$-1221.24
8.0%	$-722.98	$-790.48	$-868.90	$-959.54	$-1063.82
9.0%	$-671.83	$-728.05	$-793.24	$-868.50	$-954.98
10.0%	$-634.29	$-682.25	$-737.78	$-801.81	$-875.29
11.0%	$-605.55	$-647.21	$-695.39	$-750.87	$-814.46

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $184.08

Book Value / share($)Yahoo: $-272.31

Results

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

Graham Number—

Current Price$1.86

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 0.73%

Terminal growth rate(%)

Computed WACC: 0.73%

Cost of equity (Re)11.48%(Rf 4.30% + β 1.31 × ERP 5.50%)

Cost of debt (Rd)0.87%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)0.46%

Debt weight (D/V)99.54%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$1.86

Implied Near-term FCF Growth—

Historical Revenue Growth-3.9%

Historical Earnings Growth—

Base FCF (TTM)-$28.81M

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$1.86

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $54.17M

Target EV/EBITDA multipleCurrent: 11.2×

Net Debt($B)Default: $469.90M

Results

Implied Equity Value / share$111.55

Current Price$1.86

Upside / Downside+5897.4%

Implied EV$607.12M

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

Mult \ Net Debt	-$1.53B	-$530.10M	$469.90M	$1.47B	$2.47B
7.2x	$1561.32	$748.36	$-64.61	$-877.58	$-1690.55
9.2x	$1649.40	$836.44	$23.47	$-789.50	$-1602.46
11.2x	$1737.49	$924.52	$111.55	$-701.42	$-1514.38
13.2x	$1825.57	$1012.60	$199.63	$-613.33	$-1426.30
15.2x	$1913.65	$1100.68	$287.72	$-525.25	$-1338.22

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