PINS — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($17.48)
DCF	$56.14	+221.2%
Graham Number	$9.90	-43.4%
Reverse DCF	—	implied g: -8.6%
DDM	—	—
EV/EBITDA	$19.46	+11.3%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $1.02B

Near-term growth (yrs 1–5)(%)Rev: 14.3% / EPS: -84.6%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.00%

Computed WACC: 9.00%

Cost of equity (Re)9.20%(Rf 4.30% + β 0.89 × 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)97.83%

Debt weight (D/V)2.17%

Results

Intrinsic Value / share$56.05

Current Price$17.48

Upside / Downside+220.7%

Net Debt (used)-$2.21B

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

WACC \ Near-term	6.3%	10.3%	14.3%	18.3%	22.3%
7.0%	$59.17	$69.68	$81.79	$95.66	$111.48
8.0%	$48.54	$56.92	$66.55	$77.57	$90.14
9.0%	$41.22	$48.12	$56.05	$65.12	$75.45
10.0%	$35.87	$41.70	$48.39	$56.04	$64.74
11.0%	$31.80	$36.82	$42.57	$49.14	$56.61

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.61

Book Value / share($)Yahoo: $7.14

Results

Graham Number$9.90

Current Price$17.48

Margin of Safety-43.4%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.00%

Terminal growth rate(%)

Computed WACC: 9.00%

Cost of equity (Re)9.20%(Rf 4.30% + β 0.89 × 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)97.83%

Debt weight (D/V)2.17%

Results

Current Price$17.48

Implied Near-term FCF Growth-8.6%

Historical Revenue Growth14.3%

Historical Earnings Growth-84.6%

Base FCF (TTM)$1.02B

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$17.48

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $345.03M

Target EV/EBITDA multipleCurrent: 26.6×

Net Debt($B)Default: -$2.21B

Results

Implied Equity Value / share$19.46

Current Price$17.48

Upside / Downside+11.3%

Implied EV$9.19B

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

Mult \ Net Debt	-$4.21B	-$3.21B	-$2.21B	-$1.21B	-$205.13M
22.6x	$20.52	$18.81	$17.10	$15.40	$13.69
24.6x	$21.70	$19.99	$18.28	$16.57	$14.87
26.6x	$22.88	$21.17	$19.46	$17.75	$16.05
28.6x	$24.06	$22.35	$20.64	$18.93	$17.22
30.6x	$25.23	$23.53	$21.82	$20.11	$18.40

← Overview Financial Statements ← Companies