PHG

PHG — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($31.16)
DCF$2.80-91.0%
Graham Number$18.22-41.5%
Reverse DCFimplied g: 31.1%
DDM$20.81-33.2%
EV/EBITDA$31.19+0.1%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $453.00M
Rev: 1.1% / EPS: —
Default: 9% (no SEC data)

Results

Intrinsic Value / share$2.80
Current Price$31.16
Upside / Downside-91.0%
Net Debt (used)$5.29B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-3.0%1.0%5.0%9.0%13.0%
7.0%$2.87$4.58$6.56$8.85$11.50
8.0%$1.37$2.74$4.34$6.18$8.30
9.0%$0.33$1.47$2.80$4.33$6.09
10.0%$-0.43$0.54$1.67$2.97$4.47
11.0%$-1.02$-0.17$0.81$1.94$3.23

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $1.09
Yahoo: $13.54

Results

Graham Number$18.22
Current Price$31.16
Margin of Safety-41.5%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$31.16
Implied Near-term FCF Growth31.1%
Historical Revenue Growth1.1%
Historical Earnings Growth
Base FCF (TTM)$453.00M
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: $1.01

Results

DDM Intrinsic Value / share$20.81
Current Price$31.16
Upside / Downside-33.2%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $2.02B
Current: 17.3×
Default: $5.29B

Results

Implied Equity Value / share$31.19
Current Price$31.16
Upside / Downside+0.1%
Implied EV$34.97B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$3.29B$4.29B$5.29B$6.29B$7.29B
13.3x$24.82$23.77$22.72$21.67$20.61
15.3x$29.06$28.01$26.96$25.90$24.85
17.3x$33.30$32.25$31.19$30.14$29.09
19.3x$37.53$36.48$35.43$34.38$33.33
21.3x$41.77$40.72$39.67$38.62$37.57