PHGE — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($4.15)
DCF	$-153.20	-3791.4%
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: -$14.07M

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

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 13.45%

Computed WACC: 13.45%

Cost of equity (Re)13.67%(Rf 4.30% + β 1.70 × ERP 5.50%)

Cost of debt (Rd)15.73%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)82.16%

Debt weight (D/V)17.84%

Results

Intrinsic Value / share$-89.51

Current Price$4.15

Upside / Downside-2256.9%

Net Debt (used)-$2.92M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-154.53	$-186.15	$-222.93	$-265.51	$-314.55
8.0%	$-126.70	$-152.15	$-181.72	$-215.89	$-255.20
9.0%	$-107.42	$-128.62	$-153.20	$-181.57	$-214.17
10.0%	$-93.27	$-111.35	$-132.29	$-156.42	$-184.13
11.0%	$-82.43	$-98.14	$-116.31	$-137.22	$-161.19

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-37.05

Book Value / share($)Yahoo: $-12.50

Results

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

Graham Number—

Current Price$4.15

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 13.45%

Terminal growth rate(%)

Computed WACC: 13.45%

Cost of equity (Re)13.67%(Rf 4.30% + β 1.70 × ERP 5.50%)

Cost of debt (Rd)15.73%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)82.16%

Debt weight (D/V)17.84%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$4.15

Implied Near-term FCF Growth—

Historical Revenue Growth—

Historical Earnings Growth—

Base FCF (TTM)-$14.07M

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$4.15

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$28.00M

Target EV/EBITDA multipleCurrent: -0.8×

Net Debt($B)Default: -$2.92M

Results

Implied Equity Value / share$15.96

Current Price$4.15

Upside / Downside+284.6%

Implied EV$22.51M

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