PBYI — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($6.37)
DCF	$40.42	+534.5%
Graham Number	$6.56	+3.0%
Reverse DCF	—	implied g: -7.9%
DDM	—	—
EV/EBITDA	$5.75	-9.7%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $30.69M

Near-term growth (yrs 1–5)(%)Rev: 27.7% / EPS: -34.4%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 10.39%

Computed WACC: 10.39%

Cost of equity (Re)11.31%(Rf 4.30% + β 1.27 × 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)91.83%

Debt weight (D/V)8.17%

Results

Intrinsic Value / share$32.29

Current Price$6.37

Upside / Downside+406.9%

Net Debt (used)-$68.98M

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

WACC \ Near-term	19.7%	23.7%	27.7%	31.7%	35.7%
7.0%	$45.37	$52.95	$61.55	$71.28	$82.25
8.0%	$36.32	$42.28	$49.05	$56.71	$65.33
9.0%	$30.11	$34.97	$40.49	$46.72	$53.73
10.0%	$25.61	$29.67	$34.27	$39.47	$45.32
11.0%	$22.20	$25.66	$29.57	$34.00	$38.97

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.74

Book Value / share($)Yahoo: $2.59

Results

Graham Number$6.56

Current Price$6.37

Margin of Safety+3.0%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 10.39%

Terminal growth rate(%)

Computed WACC: 10.39%

Cost of equity (Re)11.31%(Rf 4.30% + β 1.27 × 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)91.83%

Debt weight (D/V)8.17%

Results

Current Price$6.37

Implied Near-term FCF Growth-5.0%

Historical Revenue Growth27.7%

Historical Earnings Growth-34.4%

Base FCF (TTM)$30.69M

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$6.37

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $47.44M

Target EV/EBITDA multipleCurrent: 4.7×

Net Debt($B)Default: -$68.98M

Results

Implied Equity Value / share$5.75

Current Price$6.37

Upside / Downside-9.7%

Implied EV$221.01M

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

Mult \ Net Debt	-$2.07B	-$1.07B	-$68.98M	$931.02M	$1.93B
0.7x	$41.68	$21.83	$1.99	$-17.86	$-37.70
2.7x	$43.56	$23.72	$3.87	$-15.97	$-35.82
4.7x	$45.44	$25.60	$5.75	$-14.09	$-33.93
6.7x	$47.33	$27.48	$7.64	$-12.21	$-32.05
8.7x	$49.21	$29.37	$9.52	$-10.32	$-30.17

← Overview Financial Statements ← Companies