PSNL — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($9.06)
DCF	$-5.75	-163.5%
Graham Number	—	—
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: -$40.40M

Near-term growth (yrs 1–5)(%)Rev: 3.2% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 15.13%

Computed WACC: 15.13%

Cost of equity (Re)15.89%(Rf 4.30% + β 2.11 × ERP 5.50%)

Cost of debt (Rd)0.49%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)95.10%

Debt weight (D/V)4.90%

Results

Intrinsic Value / share$-1.83

Current Price$9.06

Upside / Downside-120.2%

Net Debt (used)-$198.52M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-5.82	$-7.45	$-9.34	$-11.54	$-14.06
8.0%	$-4.39	$-5.70	$-7.22	$-8.98	$-11.01
9.0%	$-3.39	$-4.48	$-5.75	$-7.21	$-8.89
10.0%	$-2.66	$-3.60	$-4.67	$-5.92	$-7.34
11.0%	$-2.11	$-2.91	$-3.85	$-4.93	$-6.16

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.83

Book Value / share($)Yahoo: $2.55

Results

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

Graham Number—

Current Price$9.06

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 15.13%

Terminal growth rate(%)

Computed WACC: 15.13%

Cost of equity (Re)15.89%(Rf 4.30% + β 2.11 × ERP 5.50%)

Cost of debt (Rd)0.49%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)95.10%

Debt weight (D/V)4.90%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$9.06

Implied Near-term FCF Growth—

Historical Revenue Growth3.2%

Historical Earnings Growth—

Base FCF (TTM)-$40.40M

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$9.06

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$78.01M

Target EV/EBITDA multipleCurrent: -9.6×

Net Debt($B)Default: -$198.52M

Results

Implied Equity Value / share$10.67

Current Price$9.06

Upside / Downside+17.8%

Implied EV$749.45M

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