PRGO — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($12.34)
DCF	$-17.82	-244.4%
Graham Number	—	—
Reverse DCF	—	implied g: 36.2%
DDM	$23.90	+93.6%
EV/EBITDA	$13.22	+7.2%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $49.33M

Near-term growth (yrs 1–5)(%)Rev: -2.5% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 2.00%

Computed WACC: 2.00%

Cost of equity (Re)6.54%(Rf 4.30% + β 0.41 × 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)30.61%

Debt weight (D/V)69.39%

Results

Intrinsic Value / share—

Current Price$12.34

Upside / Downside—

Net Debt (used)$3.32B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-17.77	$-16.48	$-14.99	$-13.26	$-11.27
8.0%	$-18.90	$-17.86	$-16.66	$-15.28	$-13.68
9.0%	$-19.68	$-18.82	$-17.82	$-16.67	$-15.35
10.0%	$-20.25	$-19.52	$-18.67	$-17.69	$-16.57
11.0%	$-20.69	$-20.06	$-19.32	$-18.47	$-17.50

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.21

Book Value / share($)Yahoo: $21.33

Results

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

Graham Number—

Current Price$12.34

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 2.00%

Terminal growth rate(%)

Computed WACC: 2.00%

Cost of equity (Re)6.54%(Rf 4.30% + β 0.41 × 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)30.61%

Debt weight (D/V)69.39%

Results

Current Price$12.34

Implied Near-term FCF Growth65.0%

Historical Revenue Growth-2.5%

Historical Earnings Growth—

Base FCF (TTM)$49.33M

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: $1.16

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$23.90

Current Price$12.34

Upside / Downside+93.6%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $713.30M

Target EV/EBITDA multipleCurrent: 7.2×

Net Debt($B)Default: $3.32B

Results

Implied Equity Value / share$13.22

Current Price$12.34

Upside / Downside+7.2%

Implied EV$5.14B

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

Mult \ Net Debt	$1.32B	$2.32B	$3.32B	$4.32B	$5.32B
3.2x	$7.03	$-0.24	$-7.51	$-14.77	$-22.04
5.2x	$17.39	$10.12	$2.86	$-4.41	$-11.67
7.2x	$27.76	$20.49	$13.22	$5.96	$-1.31
9.2x	$38.12	$30.86	$23.59	$16.32	$9.06
11.2x	$48.49	$41.22	$33.96	$26.69	$19.42

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