PRMB — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($22.83)
DCF	$16.52	-27.6%
Graham Number	—	—
Reverse DCF	—	implied g: 14.4%
DDM	$9.89	-56.7%
EV/EBITDA	$22.69	-0.6%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $451.76M

Near-term growth (yrs 1–5)(%)Rev: 11.2% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 4.38%

Computed WACC: 4.38%

Cost of equity (Re)7.35%(Rf 4.30% + β 0.56 × 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)59.62%

Debt weight (D/V)40.38%

Results

Intrinsic Value / share$99.62

Current Price$22.83

Upside / Downside+336.4%

Net Debt (used)$5.35B

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

WACC \ Near-term	3.2%	7.2%	11.2%	15.2%	19.2%
7.0%	$17.87	$24.18	$31.46	$39.83	$49.41
8.0%	$11.77	$16.81	$22.62	$29.30	$36.93
9.0%	$7.56	$11.72	$16.52	$22.03	$28.32
10.0%	$4.48	$8.01	$12.07	$16.73	$22.04
11.0%	$2.13	$5.18	$8.68	$12.69	$17.26

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.13

Book Value / share($)Yahoo: $8.22

Results

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

Graham Number—

Current Price$22.83

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 4.38%

Terminal growth rate(%)

Computed WACC: 4.38%

Cost of equity (Re)7.35%(Rf 4.30% + β 0.56 × 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)59.62%

Debt weight (D/V)40.38%

Results

Current Price$22.83

Implied Near-term FCF Growth-5.1%

Historical Revenue Growth11.2%

Historical Earnings Growth—

Base FCF (TTM)$451.76M

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: $0.48

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$9.89

Current Price$22.83

Upside / Downside-56.7%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $1.35B

Target EV/EBITDA multipleCurrent: 10.1×

Net Debt($B)Default: $5.35B

Results

Implied Equity Value / share$22.69

Current Price$22.83

Upside / Downside-0.6%

Implied EV$13.64B

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

Mult \ Net Debt	$3.35B	$4.35B	$5.35B	$6.35B	$7.35B
6.1x	$13.41	$10.67	$7.94	$5.20	$2.47
8.1x	$20.78	$18.05	$15.31	$12.58	$9.84
10.1x	$28.16	$25.42	$22.69	$19.95	$17.22
12.1x	$35.53	$32.79	$30.06	$27.32	$24.59
14.1x	$42.90	$40.17	$37.43	$34.70	$31.96

← Overview Financial Statements ← Companies