PAVM — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($10.06)
DCF	$-233.80	-2424.1%
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: -$11.93M

Near-term growth (yrs 1–5)(%)Rev: -99.5% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.01%

Computed WACC: 5.01%

Cost of equity (Re)9.65%(Rf 4.30% + β 0.97 × ERP 5.50%)

Cost of debt (Rd)0.48%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)49.97%

Debt weight (D/V)50.03%

Results

Intrinsic Value / share$-599.81

Current Price$10.06

Upside / Downside-6062.3%

Net Debt (used)$5.92M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-235.76	$-282.13	$-336.09	$-398.53	$-470.46
8.0%	$-194.95	$-232.28	$-275.64	$-325.75	$-383.41
9.0%	$-166.67	$-197.75	$-233.80	$-275.42	$-323.23
10.0%	$-145.91	$-172.43	$-203.14	$-238.54	$-279.17
11.0%	$-130.02	$-153.06	$-179.70	$-210.37	$-245.53

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-12.00

Book Value / share($)Yahoo: $11.00

Results

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

Graham Number—

Current Price$10.06

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.01%

Terminal growth rate(%)

Computed WACC: 5.01%

Cost of equity (Re)9.65%(Rf 4.30% + β 0.97 × ERP 5.50%)

Cost of debt (Rd)0.48%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)49.97%

Debt weight (D/V)50.03%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$10.06

Implied Near-term FCF Growth—

Historical Revenue Growth-99.5%

Historical Earnings Growth—

Base FCF (TTM)-$11.93M

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$10.06

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$20.03M

Target EV/EBITDA multipleCurrent: -1.6×

Net Debt($B)Default: $5.92M

Results

Implied Equity Value / share$28.87

Current Price$10.06

Upside / Downside+187.0%

Implied EV$32.52M

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