PLPC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($256.85)
DCF	$205.37	-20.0%
Graham Number	$127.12	-50.5%
Reverse DCF	—	implied g: 25.3%
DDM	$16.69	-93.5%
EV/EBITDA	$253.65	-1.2%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $21.96M

Near-term growth (yrs 1–5)(%)Rev: 21.2% / EPS: -65.6%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.35%

Computed WACC: 8.35%

Cost of equity (Re)8.49%(Rf 4.30% + β 0.76 × ERP 5.50%)

Cost of debt (Rd)5.78%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)96.43%

Debt weight (D/V)3.57%

Results

Intrinsic Value / share$231.13

Current Price$256.85

Upside / Downside-10.0%

Net Debt (used)-$26.01M

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

WACC \ Near-term	13.2%	17.2%	21.2%	25.2%	29.2%
7.0%	$224.29	$263.84	$309.04	$360.47	$418.76
8.0%	$180.56	$211.85	$247.59	$288.23	$334.26
9.0%	$150.50	$176.13	$205.37	$238.61	$276.24
10.0%	$128.62	$150.14	$174.68	$202.54	$234.07
11.0%	$112.04	$130.45	$151.42	$175.22	$202.13

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $7.55

Book Value / share($)Yahoo: $95.13

Results

Graham Number$127.12

Current Price$256.85

Margin of Safety-50.5%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.35%

Terminal growth rate(%)

Computed WACC: 8.35%

Cost of equity (Re)8.49%(Rf 4.30% + β 0.76 × ERP 5.50%)

Cost of debt (Rd)5.78%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)96.43%

Debt weight (D/V)3.57%

Results

Current Price$256.85

Implied Near-term FCF Growth23.1%

Historical Revenue Growth21.2%

Historical Earnings Growth-65.6%

Base FCF (TTM)$21.96M

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: $0.81

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$16.69

Current Price$256.85

Upside / Downside-93.5%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $82.50M

Target EV/EBITDA multipleCurrent: 14.8×

Net Debt($B)Default: -$26.01M

Results

Implied Equity Value / share$253.65

Current Price$256.85

Upside / Downside-1.2%

Implied EV$1.22B

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

Mult \ Net Debt	-$2.03B	-$1.03B	-$26.01M	$973.99M	$1.97B
10.8x	$594.34	$390.34	$186.33	$-17.67	$-221.67
12.8x	$628.00	$424.00	$219.99	$15.99	$-188.01
14.8x	$661.66	$457.66	$253.65	$49.65	$-154.35
16.8x	$695.32	$491.32	$287.31	$83.31	$-120.69
18.8x	$728.98	$524.98	$320.98	$116.97	$-87.03

← Overview Financial Statements ← Companies