PRM — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($23.26)
DCF	$-12.30	-152.9%
Graham Number	$9.60	-58.7%
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$33.13M

Near-term growth (yrs 1–5)(%)Rev: 19.2% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 13.15%

Computed WACC: 13.15%

Cost of equity (Re)15.19%(Rf 4.30% + β 1.98 × ERP 5.50%)

Cost of debt (Rd)5.85%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)80.67%

Debt weight (D/V)19.33%

Results

Intrinsic Value / share$-8.39

Current Price$23.26

Upside / Downside-136.1%

Net Debt (used)$498.36M

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

WACC \ Near-term	11.2%	15.2%	19.2%	23.2%	27.2%
7.0%	$-13.06	$-14.84	$-16.87	$-19.19	$-21.82
8.0%	$-11.14	$-12.55	$-14.16	$-16.00	$-18.08
9.0%	$-9.83	$-10.98	$-12.30	$-13.81	$-15.51
10.0%	$-8.87	$-9.84	$-10.95	$-12.21	$-13.64
11.0%	$-8.14	$-8.97	$-9.92	$-11.00	$-12.22

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.54

Book Value / share($)Yahoo: $7.58

Results

Graham Number$9.60

Current Price$23.26

Margin of Safety-58.7%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 13.15%

Terminal growth rate(%)

Computed WACC: 13.15%

Cost of equity (Re)15.19%(Rf 4.30% + β 1.98 × ERP 5.50%)

Cost of debt (Rd)5.85%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)80.67%

Debt weight (D/V)19.33%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$23.26

Implied Near-term FCF Growth—

Historical Revenue Growth19.2%

Historical Earnings Growth—

Base FCF (TTM)-$33.13M

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$23.26

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$126.90M

Target EV/EBITDA multipleCurrent: -31.3×

Net Debt($B)Default: $498.36M

Results

Implied Equity Value / share$23.50

Current Price$23.26

Upside / Downside+1.0%

Implied EV$3.97B

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