PAAS

PAAS — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($67.02)
DCF$677942.08+1011451.9%
Graham Number$30.91-53.9%
Reverse DCFimplied g: 12.6%
DDM$11.12-83.4%
EV/EBITDA$68.71+2.5%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $1.02B
Rev: 44.7% / EPS: 258.6%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$677942.08
Current Price$67.02
Upside / Downside+1011451.9%
Net Debt (used)-$446.00M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term250.6%254.6%258.6%262.6%266.6%
7.0%$1016800.86$1076136.35$1138210.14$1203115.95$1270949.58
8.0%$771334.42$816344.28$863431.27$912666.47$964122.57
9.0%$605632.46$640971.86$677942.08$716598.91$756999.43
10.0%$487452.75$515895.17$545650.10$576762.43$609278.10
11.0%$399755.65$423080.10$447480.84$472994.70$499659.35

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $2.56
Yahoo: $16.59

Results

Graham Number$30.91
Current Price$67.02
Margin of Safety-53.9%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$67.02
Implied Near-term FCF Growth12.6%
Historical Revenue Growth44.7%
Historical Earnings Growth258.6%
Base FCF (TTM)$1.02B
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

Yahoo: $0.54

Results

DDM Intrinsic Value / share$11.12
Current Price$67.02
Upside / Downside-83.4%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $1.63B
Current: 17.5×
Default: -$446.00M

Results

Implied Equity Value / share$68.71
Current Price$67.02
Upside / Downside+2.5%
Implied EV$28.54B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$2.45B-$1.45B-$446.00M$554.00M$1.55B
13.5x$58.02$55.65$53.28$50.91$48.53
15.5x$65.73$63.36$60.99$58.62$56.25
17.5x$73.45$71.08$68.71$66.34$63.97
19.5x$81.17$78.80$76.43$74.06$71.69
21.5x$88.89$86.52$84.15$81.78$79.41