PHR — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($12.27)
DCF	$99.16	+708.2%
Graham Number	—	—
Reverse DCF	—	implied g: -5.7%
DDM	—	—
EV/EBITDA	$12.27	-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $33.37M

Near-term growth (yrs 1–5)(%)Rev: 45.7% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.10%

Computed WACC: 8.10%

Cost of equity (Re)8.24%(Rf 4.30% + β 0.72 × 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)98.32%

Debt weight (D/V)1.68%

Results

Intrinsic Value / share$118.47

Current Price$12.27

Upside / Downside+865.6%

Net Debt (used)-$427.22M

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

WACC \ Near-term	37.7%	41.7%	45.7%	49.7%	53.7%
7.0%	$117.43	$134.11	$152.77	$173.57	$196.70
8.0%	$93.47	$106.47	$121.01	$137.21	$155.22
9.0%	$77.11	$87.60	$99.32	$112.39	$126.91
10.0%	$65.29	$73.97	$83.66	$94.47	$106.47
11.0%	$56.40	$63.72	$71.89	$80.99	$91.10

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.09

Book Value / share($)Yahoo: $5.32

Results

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

Graham Number—

Current Price$12.27

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.10%

Terminal growth rate(%)

Computed WACC: 8.10%

Cost of equity (Re)8.24%(Rf 4.30% + β 0.72 × 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)98.32%

Debt weight (D/V)1.68%

Results

Current Price$12.27

Implied Near-term FCF Growth-7.8%

Historical Revenue Growth45.7%

Historical Earnings Growth—

Base FCF (TTM)$33.37M

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$12.27

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $14.42M

Target EV/EBITDA multipleCurrent: 21.7×

Net Debt($B)Default: -$427.22M

Results

Implied Equity Value / share$12.27

Current Price$12.27

Upside / Downside-0.0%

Implied EV$312.50M

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

Mult \ Net Debt	-$2.43B	-$1.43B	-$427.22M	$572.78M	$1.57B
17.7x	$44.49	$27.90	$11.31	$-5.27	$-21.86
19.7x	$44.97	$28.38	$11.79	$-4.80	$-21.38
21.7x	$45.44	$28.86	$12.27	$-4.32	$-20.90
23.7x	$45.92	$29.34	$12.75	$-3.84	$-20.43
25.7x	$46.40	$29.81	$13.23	$-3.36	$-19.95

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