PDD

PDD — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($103.73)
DCF$2398.42+2212.2%
Graham Number$95.94-7.5%
Reverse DCFimplied g: -20.0%
DDM
EV/EBITDA$408.96+294.3%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $87.45B
Rev: 9.0% / EPS: 16.5%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$2402.02
Current Price$103.73
Upside / Downside+2215.7%
Net Debt (used)-$413.10B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term8.5%12.5%16.5%20.5%24.5%
7.0%$2552.55$2975.27$3460.68$4015.60$4647.33
8.0%$2112.39$2448.25$2833.58$3273.73$3774.45
9.0%$1809.27$2085.45$2402.02$2763.35$3174.10
10.0%$1588.27$1821.05$2087.63$2391.65$2737.01
11.0%$1420.31$1620.20$1848.91$2109.53$2405.35

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $10.03
Yahoo: $40.78

Results

Graham Number$95.94
Current Price$103.73
Margin of Safety-7.5%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$103.73
Implied Near-term FCF Growth-20.0%
Historical Revenue Growth9.0%
Historical Earnings Growth16.5%
Base FCF (TTM)$87.45B
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

Yahoo: —

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$103.73
Upside / Downside
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $93.15B
Current: 1.8×
Default: -$413.10B

Results

Implied Equity Value / share$408.96
Current Price$103.73
Upside / Downside+294.3%
Implied EV$167.48B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$619.10B-$516.10B-$413.10B-$310.10B-$207.10B
-2.2x$291.61$219.06$146.51$73.95$1.40
-0.2x$422.84$350.28$277.73$205.18$132.62
1.8x$554.06$481.51$408.96$336.40$263.85
3.8x$685.29$612.74$540.18$467.63$395.08
5.8x$816.52$743.96$671.41$598.86$526.30