PHI

PHI — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($23.08)
DCF$-1606.00-7058.4%
Graham Number$22.98-0.4%
Reverse DCF
DDM$32.96+42.8%
EV/EBITDA$31.53+36.6%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: —
Rev: -1.4% / EPS: 17.1%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$-1606.00
Current Price$23.08
Upside / Downside-7058.4%
Net Debt (used)$346.99B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term9.1%13.1%17.1%21.1%25.1%
7.0%$-1606.00$-1606.00$-1606.00$-1606.00$-1606.00
8.0%$-1606.00$-1606.00$-1606.00$-1606.00$-1606.00
9.0%$-1606.00$-1606.00$-1606.00$-1606.00$-1606.00
10.0%$-1606.00$-1606.00$-1606.00$-1606.00$-1606.00
11.0%$-1606.00$-1606.00$-1606.00$-1606.00$-1606.00

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $2.34
Yahoo: $10.03

Results

Graham Number$22.98
Current Price$23.08
Margin of Safety-0.4%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Reverse DCF requires positive TTM free cash flow.
Current Price$23.08
Implied Near-term FCF Growth
Historical Revenue Growth-1.4%
Historical Earnings Growth17.1%
Base FCF (TTM)
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: $1.60

Results

DDM Intrinsic Value / share$32.96
Current Price$23.08
Upside / Downside+42.8%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $93.15B
Current: 3.8×
Default: $346.99B

Results

Implied Equity Value / share$31.53
Current Price$23.08
Upside / Downside+36.6%
Implied EV$353.80B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$172.99B$259.99B$346.99B$433.99B$520.99B
-0.2x$-887.75$-1290.42$-1693.10$-2095.77$-2498.44
1.8x$-25.43$-428.11$-830.78$-1233.46$-1636.13
3.8x$836.88$434.21$31.53$-371.14$-773.81
5.8x$1699.19$1296.52$893.85$491.17$88.50
7.8x$2561.51$2158.84$1756.16$1353.49$950.81