PDM — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($7.52)
DCF	$11.93	+58.6%
Graham Number	—	—
Reverse DCF	—	implied g: 2.3%
DDM	$10.30	+37.0%
EV/EBITDA	$7.60	+1.1%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $211.50M

Near-term growth (yrs 1–5)(%)Rev: -0.3% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 3.29%

Computed WACC: 3.29%

Cost of equity (Re)11.07%(Rf 4.30% + β 1.23 × 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)29.68%

Debt weight (D/V)70.32%

Results

Intrinsic Value / share$229.69

Current Price$7.52

Upside / Downside+2954.4%

Net Debt (used)$2.22B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$12.18	$18.25	$25.31	$33.47	$42.88
8.0%	$6.85	$11.73	$17.40	$23.95	$31.50
9.0%	$3.15	$7.21	$11.93	$17.37	$23.62
10.0%	$0.43	$3.90	$7.92	$12.55	$17.86
11.0%	$-1.65	$1.37	$4.85	$8.86	$13.46

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.67

Book Value / share($)Yahoo: $12.01

Results

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

Graham Number—

Current Price$7.52

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 3.29%

Terminal growth rate(%)

Computed WACC: 3.29%

Cost of equity (Re)11.07%(Rf 4.30% + β 1.23 × 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)29.68%

Debt weight (D/V)70.32%

Results

Current Price$7.52

Implied Near-term FCF Growth-20.0%

Historical Revenue Growth-0.3%

Historical Earnings Growth—

Base FCF (TTM)$211.50M

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: $0.50

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$10.30

Current Price$7.52

Upside / Downside+37.0%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $261.71M

Target EV/EBITDA multipleCurrent: 12.1×

Net Debt($B)Default: $2.22B

Results

Implied Equity Value / share$7.60

Current Price$7.52

Upside / Downside+1.1%

Implied EV$3.17B

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

Mult \ Net Debt	$224.09M	$1.22B	$2.22B	$3.22B	$4.22B
8.1x	$15.24	$7.23	$-0.78	$-8.79	$-16.80
10.1x	$19.43	$11.42	$3.41	$-4.60	$-12.61
12.1x	$23.62	$15.61	$7.60	$-0.41	$-8.42
14.1x	$27.81	$19.80	$11.79	$3.79	$-4.22
16.1x	$32.01	$24.00	$15.99	$7.98	$-0.03

← Overview Financial Statements ← Companies