Complete HWH Stock Valuation Analysis
Comprehensive intrinsic value analysis using 2 different methodologies
HWH DCF Analysis
HWH (HWH International Inc.) discounted cash flow analysis with multiple scenarios, growth assumptions, and terminal value calculations
Financial Projections
| Metrics | 2022 (Historical) | 2023 (Historical) | 2024 (Historical) | 2025 (Projected) | 2026 (Projected) | 2027 (Projected) | 2028 (Projected) | 2029 (Projected) |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2M | $830.5K | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M |
| Revenue Growth % | - | -31.0% | 50.9% | 1.6% | 1.4% | 1.3% | 1.2% | 1.0% |
| EBIT | $-689.6K | $-2.4M | $-2.0M | $63.7K | $64.6K | $65.4K | $66.2K | $66.9K |
| EBIT Margin % | -57.3% | -290.6% | -163.1% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% |
| Tax Rate % | 50.0% | 25.0% | 25.0% | 27.7% | 27.4% | 27.1% | 26.9% | 26.6% |
| NOPAT | $-344.8K | $-1.8M | $-1.5M | $46.1K | $46.9K | $47.7K | $48.4K | $49.1K |
| NOPAT Margin % | -28.7% | -217.9% | -122.3% | 3.6% | 3.6% | 3.6% | 3.7% | 3.7% |
| Capex | $166.9K | $14.6K | $30.4K | $48.7K | $47.0K | $45.2K | $43.4K | $41.7K |
| Capex / Revenue % | 13.9% | 1.8% | 2.4% | 3.8% | 3.6% | 3.5% | 3.3% | 3.1% |
| Depreciation | $375.6K | $58.0K | $48.2K | $178.5K | $181.1K | $183.4K | $185.6K | $187.5K |
| D&A / Revenue % | 31.2% | 7.0% | 3.8% | 14.0% | 14.0% | 14.0% | 14.0% | 14.0% |
| Change in NWC | $-2.2M | $1.6M | $1.7M | $0 | $0 | $0 | $0 | $0 |
| NWC Change / Revenue % | -184.1% | 194.3% | 132.7% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Unlevered FCF | $2.1M | $-3.4M | $-3.2M | $175.8K | $181.0K | $185.9K | $190.5K | $194.9K |
| UFCF % Chg. | - | -262.6% | 6.0% | 105.5% | 2.9% | 2.7% | 2.5% | 2.3% |
| FCF / Revenue % | 172.8% | -407.0% | -253.6% | 13.8% | 14.0% | 14.2% | 14.4% | 14.6% |
| Discount Factor | - | - | - | 0.980 | 0.961 | 0.942 | 0.923 | 0.905 |
| Present Value of FCF | - | - | - | $172.4K | $173.9K | $175.1K | $175.9K | $176.4K |
| Sum of PV of UFCF | - | - | - | $172.4K | $346.3K | $521.4K | $697.3K | $873.6K |
WACC Calculation
Weighted Average Cost of Capital used for discounting cash flows.
| WACC Calculation | Value |
|---|---|
| Cost of Debt | 7.4% |
| Tax Rate | 27.7% |
| After Tax Cost of Debt | 5.4% |
| Risk Free Rate | 4.40% |
| Market Risk Premium | 4.3% |
| Beta | -0.71 |
| Cost of Equity | 1.3% |
| Total Debt | $1.8M |
| Market Cap | $8.4M |
| Total Capital | $10.2M |
| Debt Weighting | 17.5% |
| Equity Weighting | 82.5% |
| WACC | 2.0% |
Terminal Value
Choose between perpetuity growth or exit multiple methods.
| Terminal Value Calculation | Value |
|---|---|
| Terminal Growth Rate | 2.5% |
| Final Year FCF | $194.9K |
| Terminal Value | $-41.5M |
| PV of Terminal Value | $-37.6M |
| Cumulative PV of UFCF | $873.6K |
| Net Debt | $-2.6M |
| Equity Value | $-34.1M |
| Shares Outstanding | 16.7M |
| Implied Share Price | $-2 |
| Current Share Price | $1 |
| Implied Upside/(Downside) | -257.4% |
Valuation Summary
$-2.05
Implied Price
$1.30
Current Price
-257.4%
Upside/Downside
2.0%
WACC
HWH Peer Valuation Analysis
Relative valuation based on comparable company trading multiples
Peer Valuation Analysis
Fair Value Range Analysis
Based on median multiples from 6 peer companies in Consumer Cyclical
P/E Ratio
$-2.03
-256.2%
Peer Median: 18.6x
EV/EBITDA
$0.00
-100.0%
Peer Median: 13.7x
P/S Ratio
$1.11
-14.5%
Peer Median: 5.7x
Interpretation: Each multiple provides a different perspective on fair value. Consider which multiple is most relevant for HWH's business model and current situation.
Multiple Comparison
| Multiple | HWH Current | Peer Median | Peer Average | Premium/Discount | Assessment |
|---|---|---|---|---|---|
| P/E Ratio | -11.9x | 18.6x | 18.6x | -164.0% | Undervalued |
| EV/EBITDA | Infinityx | 13.7x | 13.7x | Infinity% | Overvalued |
| P/S Ratio | 6.7x | 5.7x | 5.2x | 17.0% | Fair Value |
Peer Companies
Click any company to view their valuation
| Company | Market Cap | P/E Ratio | EV/EBITDA | P/S Ratio |
|---|---|---|---|---|
| $0.02B | 0.0x | 0.0x | 17.7x | |
| $0.01B | 0.0x | 0.0x | 6.7x | |
| $0.01B | 0.0x | 0.0x | 1.0x | |
| $0.01B | 0.0x | 0.0x | 0.0x | |
| $0.01B | 0.0x | 0.0x | 0.0x | |
| $2049.68B | 18.6x | 13.7x | 5.7x |