PTCT — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($66.37)
DCF	$35.71	-46.2%
Graham Number	—	—
Reverse DCF	—	implied g: 13.9%
DDM	—	—
EV/EBITDA	$66.37	+0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $211.76M

Near-term growth (yrs 1–5)(%)Rev: -22.7% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 4.96%

Computed WACC: 4.96%

Cost of equity (Re)7.40%(Rf 4.30% + β 0.56 × 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)66.99%

Debt weight (D/V)33.01%

Results

Intrinsic Value / share$110.40

Current Price$66.37

Upside / Downside+66.3%

Net Debt (used)$761.69M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$36.10	$45.26	$55.91	$68.25	$82.46
8.0%	$28.04	$35.41	$43.97	$53.87	$65.26
9.0%	$22.45	$28.59	$35.71	$43.93	$53.38
10.0%	$18.35	$23.59	$29.65	$36.65	$44.67
11.0%	$15.21	$19.76	$25.02	$31.08	$38.03

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $8.58

Book Value / share($)Yahoo: $-2.52

Results

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

Graham Number—

Current Price$66.37

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 4.96%

Terminal growth rate(%)

Computed WACC: 4.96%

Cost of equity (Re)7.40%(Rf 4.30% + β 0.56 × 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)66.99%

Debt weight (D/V)33.01%

Results

Current Price$66.37

Implied Near-term FCF Growth-1.8%

Historical Revenue Growth-22.7%

Historical Earnings Growth—

Base FCF (TTM)$211.76M

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$66.37

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $895.32M

Target EV/EBITDA multipleCurrent: 7.0×

Net Debt($B)Default: $761.69M

Results

Implied Equity Value / share$66.37

Current Price$66.37

Upside / Downside+0.0%

Implied EV$6.26B

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

Mult \ Net Debt	-$1.24B	-$238.31M	$761.69M	$1.76B	$2.76B
3.0x	$47.27	$35.19	$23.11	$11.03	$-1.06
5.0x	$68.90	$56.82	$44.74	$32.66	$20.58
7.0x	$90.53	$78.45	$66.37	$54.29	$42.21
9.0x	$112.17	$100.09	$88.00	$75.92	$63.84
11.0x	$133.80	$121.72	$109.64	$97.56	$85.48

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