Host Digital Inc. (HOST)

Market price: $1.92

1 valuation method

• EV / Revenue: $5.43 to $15.27 (midpoint $11.25)

What today’s price implies

the price implies more than 100.0% annual growth for 3 years

How each method works

EV / Revenue: $5.43 to $15.27 (midpoint $11.25)

Values the whole business at a peer multiple of sales — used when earnings are thin, volatile, or not yet meaningful, so revenue is the most reliable yardstick.

How it’s calculated

We multiply the company's last-twelve-month revenue by the range of EV/Revenue multiples its peer group trades at, subtract net debt and any minority interests or preferred stock ranking ahead of common shareholders, and divide by shares outstanding for a per-share range.

Why it fits this industry

When profits are thin, volatile, or still to come, revenue is the most dependable figure a company reports — this method values the business on the scale of what it actually sells.

Reading this bar

The bar is the per-share value range this method implies: a conservative low, a central estimate, and an optimistic high. If the current price sits below the bar, the market is pricing the shares below what this method's inputs suggest; if it sits above, the market is pricing them higher. No single bar is a verdict — methods disagree for good reasons, so read the whole field together. A pound of revenue is worth more at a high margin than a low one, so the peer group here is narrowed to companies earning a similar margin wherever enough of them exist. Where too few do, the bar falls back to the wider group and is the bluntest of the multiples — weigh it alongside the earnings-based bars.

EV / Revenue = (0.13/0.21/0.26)× revenue 72,600,960 ≈ 9,760,051.82/15,155,931.45/18,885,929.07 (enterprise_value); enterprise_value -> per share: equity (5,039,092.82/10,434,972.45/14,164,970.07) / 927,366.52 shares [EV bridge: minus net debt 4,720,959]

5 methods not shown

• EV / EBITDA: EBITDA is non-positive — an EBITDA multiple yields no meaningful enterprise value (loss-making at the EBITDA line)
• EV / Gross Profit: the market prices this company far outside its sector's EV / Gross Profit range (its own multiple is 0.23 vs a sector band of 1.12–4.62) — a sector-average bar would be misleading here, so it is withheld
• P / E: diluted EPS is non-positive — P/E is not meaningful for a loss-making period
• P / B: the market prices this company far outside its sector's P / B range (its own multiple is 0.51 vs a sector band of 3.90–7.45) — a sector-average bar would be misleading here, so it is withheld
• DCF (FCFF): implied equity value at the midpoint is non-positive (-4,482,989.86) — enterprise value does not exceed net debt; no price bar

Pre-profit company — earnings-based methods not meaningful.

Limited data — fewer than three valuation methods could be formed for this company; showing every method we can stand behind.