What is PRTY's DCF valuation?

Party City Holdco Inc (PRTY) DCF Valuation Analysis

Executive Summary

As of April 4, 2026, Party City Holdco Inc has a Discounted Cash Flow (DCF) derived fair value of $27.92 per share. With the current market price at $0.37, this represents a potential upside of 7360.6%.

Key Metrics Value
DCF Fair Value (5-year) $24.43
DCF Fair Value (10-year) $27.92
Potential Upside (5-year) 6427.7%
Potential Upside (10-year) 7360.6%
Discount Rate (WACC) 3.3% - 8.9%

Financial Performance & Projections

Revenue Trends

Revenue is projected to grow from $2171 million in 12-2021 to $2693 million by 12-2031, representing a compound annual growth rate of approximately 2.2%.

Fiscal Year Revenue (USD millions) Growth
12-2021 2171 17%
12-2022 2190 1%
12-2023 2234 2%
12-2024 2284 2%
12-2025 2338 2%
12-2026 2384 2%
12-2027 2432 2%
12-2028 2481 2%
12-2029 2583 4%
12-2030 2638 2%
12-2031 2693 2%

Profitability Projections

Net profit margin is expected to improve from 0% in 12-2021 to 6% by 12-2031, driven by operational efficiency and economies of scale.

Fiscal Year Net Profit (USD millions) Profit Margin
12-2021 (7) 0%
12-2022 27 1%
12-2023 55 2%
12-2024 84 4%
12-2025 113 5%
12-2026 143 6%
12-2027 146 6%
12-2028 149 6%
12-2029 155 6%
12-2030 158 6%
12-2031 162 6%

DCF Model Components

1. Capital Expenditures (CapEx)

. Projected CapEx is expected to maintain at approximately 2% of revenue.

2. Depreciation & Amortization

Depreciation is based on an average useful life of 5 years for capital assets.

Fiscal Year D&A (USD millions)
12-2022 47
12-2023 55
12-2024 52
12-2025 50
12-2026 43
12-2027 44

3. Working Capital Requirements

Net working capital is expected to increase gradually, with projected changes affecting free cash flow.

Components Average Days
Days Receivables 19
Days Inventory 96
Days Payables 28

4. Free Cash Flow Projections

Fiscal Year EBITDA Tax CapEx Change in NWC FCF
2022 170 10 42 85 34
2023 219 20 42 (45) 201
2024 257 31 43 5 177
2025 298 42 44 18 194
2026 334 53 45 (8) 244

DCF Valuation Parameters

Key Assumptions

  • Discount Rate (WACC): WACC / Discount Rate (selected: 3.3% - 8.9%)
  • Long-Term Growth Rate: Long-term Growth Rate (selected: 1.0% - 3.0%)
  • Terminal EV/EBITDA Multiple: 9.2x (based on peer average)

Valuation Summary

Valuation Method Fair Price (USD) Potential Upside
5-Year DCF (Growth) 24.43 6427.7%
10-Year DCF (Growth) 27.92 7360.6%
5-Year DCF (EBITDA) 8.81 2282.1%
10-Year DCF (EBITDA) 14.35 3777.2%

Enterprise Value Breakdown

  • 5-Year Model: $4,523M
  • 10-Year Model: $4,918M

Investment Conclusion

Is Party City Holdco Inc (PRTY) a buy or a sell? Party City Holdco Inc is definitely a buy. Based on our DCF analysis, Party City Holdco Inc (PRTY) appears to be significantly undervalued with upside potential of 7360.6%. The company's strong projected growth in revenue and profitability, coupled with consistent capital expenditure, supports our positive outlook on its intrinsic value.

Key investment drivers include:

  • Expanding profit margins (from 0% to 6%)
  • Steady revenue growth (2.2% CAGR)

Investors should consider a strong buy at the current market price of $0.37.