PCVX — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($61.98)
DCF	$-42.64	-168.8%
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: -$430.85M

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

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 11.53%

Computed WACC: 11.53%

Cost of equity (Re)11.68%(Rf 4.30% + β 1.34 × 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)98.71%

Debt weight (D/V)1.29%

Results

Intrinsic Value / share$-27.71

Current Price$61.98

Upside / Downside-144.7%

Net Debt (used)-$1.44B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-43.09	$-53.84	$-66.34	$-80.81	$-97.48
8.0%	$-33.63	$-42.28	$-52.33	$-63.94	$-77.30
9.0%	$-27.08	$-34.28	$-42.64	$-52.28	$-63.36
10.0%	$-22.27	$-28.41	$-35.53	$-43.73	$-53.15
11.0%	$-18.59	$-23.92	$-30.10	$-37.21	$-45.35

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-4.87

Book Value / share($)Yahoo: $20.49

Results

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

Graham Number—

Current Price$61.98

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 11.53%

Terminal growth rate(%)

Computed WACC: 11.53%

Cost of equity (Re)11.68%(Rf 4.30% + β 1.34 × 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)98.71%

Debt weight (D/V)1.29%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$61.98

Implied Near-term FCF Growth—

Historical Revenue Growth—

Historical Earnings Growth—

Base FCF (TTM)-$430.85M

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$61.98

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$907.28M

Target EV/EBITDA multipleCurrent: -8.2×

Net Debt($B)Default: -$1.44B

Results

Implied Equity Value / share$62.14

Current Price$61.98

Upside / Downside+0.3%

Implied EV$7.48B

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