Intrinsic value of Houghton Mifflin Harcourt Company (HMHC)

[per Chepakovich valuation model]

other valuations of HMHC

[per Chepakovich valuation model]  See other valuations of HMHC stock

Previous Close$11.38
Intrinsic Value
Upside potential
Previous Close
$11.38

VALUATION INPUT DATA

Revenue, mln $
Initial revenue growth rate (norm.), %
Variable cost ratio, %
Fixed operating expenses, mln $
Production assets / Revenue, %
Working capital / Revenue, %
Interest rate on debt, %
Life of production assets, yrs
Initial discount rate, %
Shares outstanding, mln
Adjusted equity ratio
Adjusted assets / Revenue
Based on fiscal year data as of 2020-12-31 and quarterly data as of 2021-03-31.
NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.
  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2020(a)2021202220232024202520262027202820292030203120322033203420352036203720382039204020412042204320442045

INCOME STATEMENT

Revenue growth rate, %-25.9NaN
Revenue, $1031NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m1460NaN
Operating income, $m-429NaN
EBITDA, $m-187NaN
Interest expense (income), $mNaN
Earnings before tax, $m-492NaN
Tax expense, $m-12NaN
Net income, $m-480NaN

BALANCE SHEET

Cash and short-term investments, $m281NaN
Total assets, $m2021NaN
Adjusted assets (=assets-cash), $m1740NaN
Average production assets, $m1256NaN
Working capital, $m69NaN
Total debt, $m786NaN
Total liabilities, $m1931NaN
Total equity, $m90NaN
Debt-to-equity ratio8.733NaN
Adjusted equity ratio-0.093NaN

CASH FLOW

Net income, $m-480NaN
Depreciation, amort., depletion, $m242NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m117NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-51NaN
Free cash flow, $m168NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m69
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN