PRCH — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($8.23)
DCF	$-227.72	-2867.0%
Graham Number	—	—
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$8.67	+5.4%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$195.32M

Near-term growth (yrs 1–5)(%)Rev: 39.8% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 17.87%

Computed WACC: 17.87%

Cost of equity (Re)21.25%(Rf 4.30% + β 3.08 × ERP 5.50%)

Cost of debt (Rd)13.13%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)68.88%

Debt weight (D/V)31.12%

Results

Intrinsic Value / share$-71.92

Current Price$8.23

Upside / Downside-973.9%

Net Debt (used)$214.39M

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

WACC \ Near-term	31.8%	35.8%	39.8%	43.8%	47.8%
7.0%	$-267.13	$-308.93	$-355.89	$-408.47	$-467.18
8.0%	$-210.40	$-243.07	$-279.76	$-320.83	$-366.67
9.0%	$-171.61	$-198.04	$-227.72	$-260.93	$-297.99
10.0%	$-143.56	$-165.49	$-190.10	$-217.63	$-248.34
11.0%	$-122.43	$-140.96	$-161.76	$-185.02	$-210.96

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.03

Book Value / share($)Yahoo: $-0.23

Results

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

Graham Number—

Current Price$8.23

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 17.87%

Terminal growth rate(%)

Computed WACC: 17.87%

Cost of equity (Re)21.25%(Rf 4.30% + β 3.08 × ERP 5.50%)

Cost of debt (Rd)13.13%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)68.88%

Debt weight (D/V)31.12%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$8.23

Implied Near-term FCF Growth—

Historical Revenue Growth39.8%

Historical Earnings Growth—

Base FCF (TTM)-$195.32M

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$8.23

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $60.99M

Target EV/EBITDA multipleCurrent: 18.6×

Net Debt($B)Default: $214.39M

Results

Implied Equity Value / share$8.67

Current Price$8.23

Upside / Downside+5.4%

Implied EV$1.13B

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

Mult \ Net Debt	-$1.79B	-$785.61M	$214.39M	$1.21B	$2.21B
14.6x	$25.22	$15.79	$6.37	$-3.05	$-12.47
16.6x	$26.36	$16.94	$7.52	$-1.90	$-11.32
18.6x	$27.51	$18.09	$8.67	$-0.75	$-10.17
20.6x	$28.66	$19.24	$9.82	$0.40	$-9.02
22.6x	$29.81	$20.39	$10.97	$1.55	$-7.87

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