PBH — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($68.53)
DCF	$55.37	-19.2%
Graham Number	$57.42	-16.2%
Reverse DCF	—	implied g: 7.7%
DDM	—	—
EV/EBITDA	$68.53	+0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $207.17M

Near-term growth (yrs 1–5)(%)Rev: -2.4% / EPS: -20.5%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.02%

Computed WACC: 5.02%

Cost of equity (Re)6.63%(Rf 4.30% + β 0.42 × ERP 5.50%)

Cost of debt (Rd)0.17%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)75.33%

Debt weight (D/V)24.67%

Results

Intrinsic Value / share$178.30

Current Price$68.53

Upside / Downside+160.2%

Net Debt (used)$1.02B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$56.03	$71.71	$89.95	$111.06	$135.37
8.0%	$42.24	$54.86	$69.52	$86.46	$105.95
9.0%	$32.68	$43.19	$55.37	$69.44	$85.60
10.0%	$25.66	$34.63	$45.01	$56.98	$70.71
11.0%	$20.29	$28.08	$37.08	$47.45	$59.34

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $3.79

Book Value / share($)Yahoo: $38.66

Results

Graham Number$57.42

Current Price$68.53

Margin of Safety-16.2%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.02%

Terminal growth rate(%)

Computed WACC: 5.02%

Cost of equity (Re)6.63%(Rf 4.30% + β 0.42 × ERP 5.50%)

Cost of debt (Rd)0.17%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)75.33%

Debt weight (D/V)24.67%

Results

Current Price$68.53

Implied Near-term FCF Growth-6.7%

Historical Revenue Growth-2.4%

Historical Earnings Growth-20.5%

Base FCF (TTM)$207.17M

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$68.53

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $364.98M

Target EV/EBITDA multipleCurrent: 11.7×

Net Debt($B)Default: $1.02B

Results

Implied Equity Value / share$68.53

Current Price$68.53

Upside / Downside+0.0%

Implied EV$4.26B

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

Mult \ Net Debt	$1.02B	$1.02B	$1.02B	$1.02B	$1.02B
7.7x	$37.68	$37.68	$37.68	$37.68	$37.68
9.7x	$53.10	$53.10	$53.10	$53.10	$53.10
11.7x	$68.53	$68.53	$68.53	$68.53	$68.53
13.7x	$83.96	$83.96	$83.96	$83.96	$83.96
15.7x	$99.38	$99.38	$99.38	$99.38	$99.38

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