PSIX — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($84.25)
DCF	$425.73	+405.3%
Graham Number	$28.89	-65.7%
Reverse DCF	—	implied g: 31.0%
DDM	—	—
EV/EBITDA	$83.50	-0.9%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $26.73M

Near-term growth (yrs 1–5)(%)Rev: 62.0% / EPS: 59.9%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 14.48%

Computed WACC: 14.48%

Cost of equity (Re)15.65%(Rf 4.30% + β 2.06 × 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)92.55%

Debt weight (D/V)7.45%

Results

Intrinsic Value / share$174.59

Current Price$84.25

Upside / Downside+107.2%

Net Debt (used)$107.30M

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

WACC \ Near-term	54.0%	58.0%	62.0%	66.0%	70.0%
7.0%	$532.44	$605.19	$685.64	$774.40	$872.09
8.0%	$412.38	$468.72	$531.02	$599.74	$675.36
9.0%	$330.62	$375.79	$425.73	$480.81	$541.42
10.0%	$271.74	$308.87	$349.92	$395.18	$444.98
11.0%	$227.59	$258.69	$293.07	$330.97	$372.67

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $5.26

Book Value / share($)Yahoo: $7.05

Results

Graham Number$28.89

Current Price$84.25

Margin of Safety-65.7%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 14.48%

Terminal growth rate(%)

Computed WACC: 14.48%

Cost of equity (Re)15.65%(Rf 4.30% + β 2.06 × 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)92.55%

Debt weight (D/V)7.45%

Results

Current Price$84.25

Implied Near-term FCF Growth46.9%

Historical Revenue Growth62.0%

Historical Earnings Growth59.9%

Base FCF (TTM)$26.73M

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$84.25

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $111.24M

Target EV/EBITDA multipleCurrent: 18.3×

Net Debt($B)Default: $107.30M

Results

Implied Equity Value / share$83.50

Current Price$84.25

Upside / Downside-0.9%

Implied EV$2.03B

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

Mult \ Net Debt	-$1.89B	-$892.70M	$107.30M	$1.11B	$2.11B
14.3x	$150.99	$107.59	$64.19	$20.79	$-22.62
16.3x	$160.64	$117.24	$73.84	$30.44	$-12.96
18.3x	$170.30	$126.90	$83.50	$40.10	$-3.30
20.3x	$179.96	$136.56	$93.15	$49.75	$6.35
22.3x	$189.61	$146.21	$102.81	$59.41	$16.01

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