PFLT — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($8.16)
DCF	$3.40	-58.4%
Graham Number	$8.82	+8.1%
Reverse DCF	—	implied g: 8.8%
DDM	$25.34	+210.5%
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $106.73M

Near-term growth (yrs 1–5)(%)Rev: 4.6% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.80%

Computed WACC: 5.80%

Cost of equity (Re)8.38%(Rf 4.30% + β 0.74 × ERP 5.50%)

Cost of debt (Rd)5.71%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)33.16%

Debt weight (D/V)66.84%

Results

Intrinsic Value / share$21.94

Current Price$8.16

Upside / Downside+168.8%

Net Debt (used)$1.54B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$3.56	$7.41	$11.89	$17.08	$23.05
8.0%	$0.17	$3.27	$6.87	$11.03	$15.82
9.0%	$-2.18	$0.40	$3.40	$6.85	$10.82
10.0%	$-3.90	$-1.70	$0.85	$3.79	$7.17
11.0%	$-5.22	$-3.31	$-1.10	$1.45	$4.37

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.33

Book Value / share($)Yahoo: $10.49

Results

Graham Number$8.82

Current Price$8.16

Margin of Safety+8.1%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.80%

Terminal growth rate(%)

Computed WACC: 5.80%

Cost of equity (Re)8.38%(Rf 4.30% + β 0.74 × ERP 5.50%)

Cost of debt (Rd)5.71%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)33.16%

Debt weight (D/V)66.84%

Results

Current Price$8.16

Implied Near-term FCF Growth-2.0%

Historical Revenue Growth4.6%

Historical Earnings Growth—

Base FCF (TTM)$106.73M

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: $1.23

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$25.34

Current Price$8.16

Upside / Downside+210.5%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: $1.54B

Results

Implied Equity Value / share$-15.49

Current Price$8.16

Upside / Downside-289.8%

Implied EV$0

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