PSA-PQ

PSA-PQ — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($15.96)
DCF$31795395511.76+199219270023.8%
Graham Number$80.38+403.6%
Reverse DCFimplied g: -19.6%
DDM$20.39+27.8%
EV/EBITDA$7244368465.41+45390779758.4%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $2.38B
Rev: 3.3% / EPS: -19.3%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$31795395511.76
Current Price$15.96
Upside / Downside+199219270023.8%
Net Debt (used)$9.94B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-3.0%1.0%5.0%9.0%13.0%
7.0%$32153900123.04$40665371951.92$50567472935.73$62028046432.04$75228045671.35
8.0%$24664565541.04$31515277174.53$39473190249.96$48671254999.99$59252775649.17
9.0%$19474752770.01$25179080098.03$31795395511.76$39432647288.62$48208243583.31
10.0%$15664849804.76$20531283042.06$26167376917.18$32664605598.77$40121525448.41
11.0%$12747993449.25$16976031227.24$21865587005.71$27494879059.20$33948163809.91

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $10.29
Yahoo: $27.91

Results

Graham Number$80.38
Current Price$15.96
Margin of Safety+403.6%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$15.96
Implied Near-term FCF Growth-19.6%
Historical Revenue Growth3.3%
Historical Earnings Growth-19.3%
Base FCF (TTM)$2.38B
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

Yahoo: $0.99

Results

DDM Intrinsic Value / share$20.39
Current Price$15.96
Upside / Downside+27.8%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $3.41B
Current: 5.0×
Default: $9.94B

Results

Implied Equity Value / share$7244368465.41
Current Price$15.96
Upside / Downside+45390779758.4%
Implied EV$17.18B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$5.94B$7.94B$9.94B$11.94B$13.94B
1.0x$-2382563758.59$-4382563758.59$-6382563758.59$-8382563758.59$-10382563758.59
3.0x$4430902353.41$2430902353.41$430902353.41$-1569097646.59$-3569097646.59
5.0x$11244368465.41$9244368465.41$7244368465.41$5244368465.41$3244368465.41
7.0x$18057834577.41$16057834577.41$14057834577.41$12057834577.41$10057834577.41
9.0x$24871300689.41$22871300689.41$20871300689.41$18871300689.41$16871300689.41