IRTC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($128.46)
DCF	$133.00	+3.5%
Graham Number	—	—
Reverse DCF	—	implied g: 26.5%
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: $71.67M

Near-term growth (yrs 1–5)(%)Rev: 27.1% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.67%

Computed WACC: 8.67%

Cost of equity (Re)10.20%(Rf 4.30% + β 1.07 × 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)85.02%

Debt weight (D/V)14.98%

Results

Intrinsic Value / share$142.06

Current Price$128.46

Upside / Downside+10.6%

Net Debt (used)$147.42M

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

WACC \ Near-term	19.1%	23.1%	27.1%	31.1%	35.1%
7.0%	$150.08	$176.82	$207.21	$241.59	$280.37
8.0%	$118.34	$139.41	$163.32	$190.38	$220.87
9.0%	$96.57	$113.75	$133.24	$155.27	$180.10
10.0%	$80.77	$95.12	$111.41	$129.80	$150.52
11.0%	$68.82	$81.04	$94.90	$110.55	$128.17

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-1.39

Book Value / share($)Yahoo: $4.73

Results

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

Graham Number—

Current Price$128.46

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.67%

Terminal growth rate(%)

Computed WACC: 8.67%

Cost of equity (Re)10.20%(Rf 4.30% + β 1.07 × 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)85.02%

Debt weight (D/V)14.98%

Results

Current Price$128.46

Implied Near-term FCF Growth25.4%

Historical Revenue Growth27.1%

Historical Earnings Growth—

Base FCF (TTM)$71.67M

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$128.46

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$30.57M

Target EV/EBITDA multipleCurrent: -140.6×

Net Debt($B)Default: $147.42M

Results

Implied Equity Value / share$128.46

Current Price$128.46

Upside / Downside+0.0%

Implied EV$4.30B

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