FRPH — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($24.35)
DCF	$14.38	-40.9%
Graham Number	$11.22	-53.9%
Reverse DCF	—	implied g: 17.7%
DDM	—	—
EV/EBITDA	$26.15	+7.4%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $14.08M

Near-term growth (yrs 1–5)(%)Rev: 9.7% / EPS: -57.1%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.18%

Computed WACC: 5.18%

Cost of equity (Re)7.24%(Rf 4.30% + β 0.53 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

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

Equity weight (E/V)71.52%

Debt weight (D/V)28.48%

Results

Intrinsic Value / share$40.37

Current Price$24.35

Upside / Downside+65.8%

Net Debt (used)$50.49M

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

WACC \ Near-term	1.7%	5.7%	9.7%	13.7%	17.7%
7.0%	$15.01	$18.47	$22.48	$27.09	$32.37
8.0%	$11.73	$14.50	$17.70	$21.38	$25.60
9.0%	$9.47	$11.76	$14.41	$17.45	$20.93
10.0%	$7.81	$9.76	$12.00	$14.58	$17.52
11.0%	$6.55	$8.23	$10.17	$12.39	$14.92

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.25

Book Value / share($)Yahoo: $22.38

Results

Graham Number$11.22

Current Price$24.35

Margin of Safety-53.9%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.18%

Terminal growth rate(%)

Computed WACC: 5.18%

Cost of equity (Re)7.24%(Rf 4.30% + β 0.53 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

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

Equity weight (E/V)71.52%

Debt weight (D/V)28.48%

Results

Current Price$24.35

Implied Near-term FCF Growth2.6%

Historical Revenue Growth9.7%

Historical Earnings Growth-57.1%

Base FCF (TTM)$14.08M

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$24.35

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $12.02M

Target EV/EBITDA multipleCurrent: 45.8×

Net Debt($B)Default: $50.49M

Results

Implied Equity Value / share$26.15

Current Price$24.35

Upside / Downside+7.4%

Implied EV$550.43M

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

Mult \ Net Debt	-$1.95B	-$949.51M	$50.49M	$1.05B	$2.05B
41.8x	$128.27	$75.95	$23.64	$-28.68	$-80.99
43.8x	$129.52	$77.21	$24.90	$-27.42	$-79.73
45.8x	$130.78	$78.47	$26.15	$-26.16	$-78.47
47.8x	$132.04	$79.73	$27.41	$-24.90	$-77.22
49.8x	$133.30	$80.98	$28.67	$-23.64	$-75.96

← Overview Financial Statements ← Companies