PRAA — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($16.75)
DCF	$-92.91	-654.7%
Graham Number	—	—
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$17.07	+1.9%

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: 13.7% / EPS: 212.0%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 1.66%

Computed WACC: 1.66%

Cost of equity (Re)11.15%(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)14.93%

Debt weight (D/V)85.07%

Results

Intrinsic Value / share—

Current Price$16.75

Upside / Downside—

Net Debt (used)$3.63B

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

WACC \ Near-term	204.0%	208.0%	212.0%	216.0%	220.0%
7.0%	$-92.91	$-92.91	$-92.91	$-92.91	$-92.91
8.0%	$-92.91	$-92.91	$-92.91	$-92.91	$-92.91
9.0%	$-92.91	$-92.91	$-92.91	$-92.91	$-92.91
10.0%	$-92.91	$-92.91	$-92.91	$-92.91	$-92.91
11.0%	$-92.91	$-92.91	$-92.91	$-92.91	$-92.91

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-9.28

Book Value / share($)Yahoo: $25.48

Results

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

Graham Number—

Current Price$16.75

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 1.66%

Terminal growth rate(%)

Computed WACC: 1.66%

Cost of equity (Re)11.15%(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)14.93%

Debt weight (D/V)85.07%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$16.75

Implied Near-term FCF Growth—

Historical Revenue Growth13.7%

Historical Earnings Growth212.0%

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: —

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$16.75

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $393.48M

Target EV/EBITDA multipleCurrent: 10.9×

Net Debt($B)Default: $3.63B

Results

Implied Equity Value / share$17.07

Current Price$16.75

Upside / Downside+1.9%

Implied EV$4.29B

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

Mult \ Net Debt	$1.63B	$2.63B	$3.63B	$4.63B	$5.63B
6.9x	$27.99	$2.36	$-23.27	$-48.91	$-74.54
8.9x	$48.16	$22.53	$-3.10	$-28.73	$-54.37
10.9x	$68.33	$42.70	$17.07	$-8.56	$-34.20
12.9x	$88.50	$62.87	$37.24	$11.61	$-14.02
14.9x	$108.67	$83.04	$57.41	$31.78	$6.15

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