PAR — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($16.97)
DCF	$-9.85	-158.1%
Graham Number	—	—
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$2.56M

Near-term growth (yrs 1–5)(%)Rev: 14.4% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.35%

Computed WACC: 8.35%

Cost of equity (Re)12.18%(Rf 4.30% + β 1.43 × ERP 5.50%)

Cost of debt (Rd)2.28%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)63.13%

Debt weight (D/V)36.87%

Results

Intrinsic Value / share$-10.09

Current Price$16.97

Upside / Downside-159.4%

Net Debt (used)$322.21M

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

WACC \ Near-term	6.4%	10.4%	14.4%	18.4%	22.4%
7.0%	$-9.97	$-10.35	$-10.80	$-11.30	$-11.88
8.0%	$-9.58	$-9.89	$-10.24	$-10.64	$-11.10
9.0%	$-9.31	$-9.56	$-9.85	$-10.19	$-10.56
10.0%	$-9.11	$-9.33	$-9.57	$-9.85	$-10.17
11.0%	$-8.96	$-9.15	$-9.36	$-9.60	$-9.87

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-2.09

Book Value / share($)Yahoo: $20.30

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.

Graham Number—

Current Price$16.97

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.35%

Terminal growth rate(%)

Computed WACC: 8.35%

Cost of equity (Re)12.18%(Rf 4.30% + β 1.43 × ERP 5.50%)

Cost of debt (Rd)2.28%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)63.13%

Debt weight (D/V)36.87%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$16.97

Implied Near-term FCF Growth—

Historical Revenue Growth14.4%

Historical Earnings Growth—

Base FCF (TTM)-$2.56M

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$16.97

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$40.05M

Target EV/EBITDA multipleCurrent: -25.5×

Net Debt($B)Default: $322.21M

Results

Implied Equity Value / share$17.21

Current Price$16.97

Upside / Downside+1.4%

Implied EV$1.02B

← Overview Financial Statements ← Companies