PSMT — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($157.42)
DCF	$67.79	-56.9%
Graham Number	$69.11	-56.1%
Reverse DCF	—	implied g: 24.6%
DDM	$28.84	-81.7%
EV/EBITDA	$153.54	-2.5%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $89.86M

Near-term growth (yrs 1–5)(%)Rev: 9.9% / EPS: 6.6%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 7.91%

Computed WACC: 7.91%

Cost of equity (Re)8.45%(Rf 4.30% + β 0.75 × 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)93.59%

Debt weight (D/V)6.41%

Results

Intrinsic Value / share$82.55

Current Price$157.42

Upside / Downside-47.6%

Net Debt (used)$11.86M

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

WACC \ Near-term	1.9%	5.9%	9.9%	13.9%	17.9%
7.0%	$70.38	$84.24	$100.27	$118.72	$139.87
8.0%	$57.23	$68.31	$81.12	$95.85	$112.71
9.0%	$48.14	$57.32	$67.91	$80.07	$93.98
10.0%	$41.49	$49.27	$58.25	$68.54	$80.31
11.0%	$36.42	$43.14	$50.89	$59.76	$69.90

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $4.89

Book Value / share($)Yahoo: $43.41

Results

Graham Number$69.11

Current Price$157.42

Margin of Safety-56.1%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 7.91%

Terminal growth rate(%)

Computed WACC: 7.91%

Cost of equity (Re)8.45%(Rf 4.30% + β 0.75 × 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)93.59%

Debt weight (D/V)6.41%

Results

Current Price$157.42

Implied Near-term FCF Growth20.9%

Historical Revenue Growth9.9%

Historical Earnings Growth6.6%

Base FCF (TTM)$89.86M

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: $1.40

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$28.84

Current Price$157.42

Upside / Downside-81.7%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $333.60M

Target EV/EBITDA multipleCurrent: 14.2×

Net Debt($B)Default: $11.86M

Results

Implied Equity Value / share$153.54

Current Price$157.42

Upside / Downside-2.5%

Implied EV$4.74B

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

Mult \ Net Debt	-$1.99B	-$988.14M	$11.86M	$1.01B	$2.01B
10.2x	$175.14	$142.68	$110.23	$77.78	$45.33
12.2x	$196.79	$164.34	$131.88	$99.43	$66.98
14.2x	$218.44	$185.99	$153.54	$121.08	$88.63
16.2x	$240.09	$207.64	$175.19	$142.74	$110.29
18.2x	$261.74	$229.29	$196.84	$164.39	$131.94

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