PAHC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($54.54)
DCF	$835452582.30	+1531816149.2%
Graham Number	$20.42	-62.6%
Reverse DCF	—	implied g: 32.6%
DDM	$9.89	-81.9%
EV/EBITDA	$107.19	+96.5%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $21.79M

Near-term growth (yrs 1–5)(%)Rev: 20.9% / EPS: 752.0%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.42%

Computed WACC: 6.42%

Cost of equity (Re)8.67%(Rf 4.30% + β 0.80 × 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)74.05%

Debt weight (D/V)25.95%

Results

Intrinsic Value / share$1706620752.13

Current Price$54.54

Upside / Downside+3129117524.0%

Net Debt (used)$699.72M

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

WACC \ Near-term	744.0%	748.0%	752.0%	756.0%	760.0%
7.0%	$1352577018.01	$1384933830.85	$1417906942.71	$1451505115.95	$1485737195.56
8.0%	$1020540275.35	$1044953985.71	$1069832703.02	$1095183038.60	$1121011666.13
9.0%	$796959202.35	$816024326.04	$835452582.30	$855249134.01	$875419192.78
10.0%	$637935797.60	$653196706.55	$668748289.28	$684594678.49	$700740045.87
11.0%	$520276660.11	$532722885.28	$545406173.02	$558329893.81	$571497449.93

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $2.26

Book Value / share($)Yahoo: $8.20

Results

Graham Number$20.42

Current Price$54.54

Margin of Safety-62.6%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.42%

Terminal growth rate(%)

Computed WACC: 6.42%

Cost of equity (Re)8.67%(Rf 4.30% + β 0.80 × 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)74.05%

Debt weight (D/V)25.95%

Results

Current Price$54.54

Implied Near-term FCF Growth22.2%

Historical Revenue Growth20.9%

Historical Earnings Growth752.0%

Base FCF (TTM)$21.79M

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: $0.48

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$9.89

Current Price$54.54

Upside / Downside-81.9%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $228.84M

Target EV/EBITDA multipleCurrent: 12.7×

Net Debt($B)Default: $699.72M

Results

Implied Equity Value / share$107.19

Current Price$54.54

Upside / Downside+96.5%

Implied EV$2.91B

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

Mult \ Net Debt	-$1.30B	-$300.29M	$699.72M	$1.70B	$2.70B
8.7x	$159.78	$111.29	$62.81	$14.32	$-34.17
10.7x	$181.97	$133.49	$85.00	$36.51	$-11.98
12.7x	$204.17	$155.68	$107.19	$58.70	$10.21
14.7x	$226.36	$177.87	$129.38	$80.89	$32.41
16.7x	$248.55	$200.06	$151.57	$103.09	$54.60

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