Back to HHH Overview
NYQ · Valuation Lab
HHH
Howard Hughes Holdings Inc.
Last$65.69
Market cap3.9B
EV/EBITDA15.0x
Intrinsic value
$317.26
MoS +79.3% · Undervalued
Assuming 23.7% FCF margin and 18.4% Y1–5 growth.
Upside to price
EV (DCF)22.9B
Terminal share75%
Expected IV$334.47
Probability weights
Projected free cash flows
Stage FCF path with present values · terminal 75% of EV
PV of stage FCFs5.7B
PV of terminal value17.1B
Enterprise value22.9B
Net cash / (debt)-4B
Equity value18.9B
Intrinsic value / share$317.26
| Year | Revenue | FCF | PV | DF |
|---|---|---|---|---|
| Y1 | 1.8B | 424.1M | 397.9M | 93.8% |
| Y2 | 2.1B | 502.2M | 442M | 88.0% |
| Y3 | 2.5B | 594.6M | 491M | 82.6% |
| Y4 | 3B | 704M | 545.4M | 77.5% |
| Y5 | 3.5B | 833.5M | 605.8M | 72.7% |
| Y6 | 3.8B | 910.2M | 620.6M | 68.2% |
| Y7 | 4.2B | 993.9M | 635.8M | 64.0% |
| Y8 | 4.6B | 1.1B | 651.4M | 60.0% |
| Y9 | 5B | 1.2B | 667.3M | 56.3% |
| Y10 | 5.5B | 1.3B | 683.7M | 52.8% |
| Terminal | — | — | 17.1B | — |
Educational DCF model only — not financial advice. Terminal value and assumptions dominate results; verify filings and run your own diligence.