PMT-PA — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($23.62)
DCF	$-308.66	-1406.8%
Graham Number	—	—
Reverse DCF	—	—
DDM	$41.82	+77.0%
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: —

Near-term growth (yrs 1–5)(%)Rev: 1067.6% / EPS: 17.0%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 0.81%

Computed WACC: 0.81%

Cost of equity (Re)11.17%(Rf 4.30% + β 1.25 × 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)7.27%

Debt weight (D/V)92.73%

Results

Intrinsic Value / share—

Current Price$23.62

Upside / Downside—

Net Debt (used)$18.81B

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

WACC \ Near-term	1059.6%	1063.6%	1067.6%	1071.6%	1075.6%
7.0%	$-308.66	$-308.66	$-308.66	$-308.66	$-308.66
8.0%	$-308.66	$-308.66	$-308.66	$-308.66	$-308.66
9.0%	$-308.66	$-308.66	$-308.66	$-308.66	$-308.66
10.0%	$-308.66	$-308.66	$-308.66	$-308.66	$-308.66
11.0%	$-308.66	$-308.66	$-308.66	$-308.66	$-308.66

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.73

Book Value / share($)Yahoo: $15.47

Results

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

Graham Number—

Current Price$23.62

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 0.81%

Terminal growth rate(%)

Computed WACC: 0.81%

Cost of equity (Re)11.17%(Rf 4.30% + β 1.25 × 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)7.27%

Debt weight (D/V)92.73%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$23.62

Implied Near-term FCF Growth—

Historical Revenue Growth1067.6%

Historical Earnings Growth17.0%

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

Annual dividend D0($/share)Yahoo: $2.03

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$41.82

Current Price$23.62

Upside / Downside+77.0%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: $18.81B

Results

Implied Equity Value / share$-308.66

Current Price$23.62

Upside / Downside-1406.8%

Implied EV$0

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