PSTL — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($20.89)
DCF	$55.20	+164.2%
Graham Number	$10.82	-48.2%
Reverse DCF	—	implied g: 9.6%
DDM	$19.98	-4.3%
EV/EBITDA	$24.27	+16.2%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $39.97M

Near-term growth (yrs 1–5)(%)Rev: 21.7% / EPS: -9.7%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.37%

Computed WACC: 5.37%

Cost of equity (Re)8.16%(Rf 4.30% + β 0.70 × 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)65.77%

Debt weight (D/V)34.23%

Results

Intrinsic Value / share$157.31

Current Price$20.89

Upside / Downside+653.1%

Net Debt (used)$360.75M

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

WACC \ Near-term	13.7%	17.7%	21.7%	25.7%	29.7%
7.0%	$61.72	$75.26	$90.72	$108.30	$128.22
8.0%	$46.67	$57.37	$69.59	$83.48	$99.20
9.0%	$36.32	$45.09	$55.08	$66.44	$79.29
10.0%	$28.79	$36.15	$44.53	$54.05	$64.81
11.0%	$23.09	$29.38	$36.54	$44.67	$53.85

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.49

Book Value / share($)Yahoo: $10.61

Results

Graham Number$10.82

Current Price$20.89

Margin of Safety-48.2%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.37%

Terminal growth rate(%)

Computed WACC: 5.37%

Cost of equity (Re)8.16%(Rf 4.30% + β 0.70 × 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)65.77%

Debt weight (D/V)34.23%

Results

Current Price$20.89

Implied Near-term FCF Growth-3.3%

Historical Revenue Growth21.7%

Historical Earnings Growth-9.7%

Base FCF (TTM)$39.97M

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: $0.97

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$19.98

Current Price$20.89

Upside / Downside-4.3%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $53.97M

Target EV/EBITDA multipleCurrent: 18.7×

Net Debt($B)Default: $360.75M

Results

Implied Equity Value / share$24.27

Current Price$20.89

Upside / Downside+16.2%

Implied EV$1.01B

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

Mult \ Net Debt	-$1.64B	-$639.25M	$360.75M	$1.36B	$2.36B
14.7x	$91.03	$53.61	$16.20	$-21.22	$-58.64
16.7x	$95.07	$57.65	$20.23	$-17.18	$-54.60
18.7x	$99.11	$61.69	$24.27	$-13.14	$-50.56
20.7x	$103.14	$65.73	$28.31	$-9.10	$-46.52
22.7x	$107.18	$69.77	$32.35	$-5.07	$-42.48

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