PLOW — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($46.89)
DCF	$622.09	+1226.7%
Graham Number	$23.20	-50.5%
Reverse DCF	—	implied g: 17.4%
DDM	$24.31	-48.2%
EV/EBITDA	$45.92	-2.1%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $35.91M

Near-term growth (yrs 1–5)(%)Rev: 28.6% / EPS: 63.9%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.32%

Computed WACC: 9.32%

Cost of equity (Re)11.21%(Rf 4.30% + β 1.26 × 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)83.14%

Debt weight (D/V)16.86%

Results

Intrinsic Value / share$581.59

Current Price$46.89

Upside / Downside+1140.3%

Net Debt (used)$210.72M

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

WACC \ Near-term	55.9%	59.9%	63.9%	67.9%	71.9%
7.0%	$780.61	$886.26	$1002.98	$1131.60	$1273.01
8.0%	$603.63	$685.41	$775.73	$875.26	$984.67
9.0%	$483.13	$548.66	$621.03	$700.75	$788.39
10.0%	$396.38	$450.21	$509.65	$575.13	$647.10
11.0%	$331.34	$376.41	$426.17	$480.98	$541.20

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.96

Book Value / share($)Yahoo: $12.20

Results

Graham Number$23.20

Current Price$46.89

Margin of Safety-50.5%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.32%

Terminal growth rate(%)

Computed WACC: 9.32%

Cost of equity (Re)11.21%(Rf 4.30% + β 1.26 × 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)83.14%

Debt weight (D/V)16.86%

Results

Current Price$46.89

Implied Near-term FCF Growth18.4%

Historical Revenue Growth28.6%

Historical Earnings Growth63.9%

Base FCF (TTM)$35.91M

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: $1.18

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$24.31

Current Price$46.89

Upside / Downside-48.2%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $88.99M

Target EV/EBITDA multipleCurrent: 14.3×

Net Debt($B)Default: $210.72M

Results

Implied Equity Value / share$45.92

Current Price$46.89

Upside / Downside-2.1%

Implied EV$1.27B

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

Mult \ Net Debt	-$1.79B	-$789.28M	$210.72M	$1.21B	$2.21B
10.3x	$117.14	$73.82	$30.50	$-12.82	$-56.14
12.3x	$124.85	$81.53	$38.21	$-5.11	$-48.43
14.3x	$132.56	$89.24	$45.92	$2.60	$-40.72
16.3x	$140.26	$96.95	$53.63	$10.31	$-33.01
18.3x	$147.97	$104.66	$61.34	$18.02	$-25.30

← Overview Financial Statements ← Companies