TAL

TAL — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($10.56)
DCF$44654721.64+422866582.2%
Graham Number$8.25-21.9%
Reverse DCFimplied g: -20.0%
DDM
EV/EBITDA$4.23-59.9%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $405.50M
Rev: 27.0% / EPS: 535.7%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$44684868.29
Current Price$10.56
Upside / Downside+423152061.9%
Net Debt (used)-$3.24B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term527.7%531.7%535.7%539.7%543.7%
7.0%$71024476.89$73316500.16$75667317.72$78078053.52$80549845.72
8.0%$53649257.58$55380564.87$57156283.09$58977261.21$60844358.98
9.0%$41943073.95$43296610.90$44684868.29$46108509.86$47568207.75
10.0%$33612036.99$34696723.06$35809233.07$36950098.91$38119859.23
11.0%$27444101.37$28329742.06$29238100.82$30169611.95$31124715.24

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $0.48
Yahoo: $6.30

Results

Graham Number$8.25
Current Price$10.56
Margin of Safety-21.9%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$10.56
Implied Near-term FCF Growth-20.0%
Historical Revenue Growth27.0%
Historical Earnings Growth535.7%
Base FCF (TTM)$405.50M
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

Yahoo: —

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$10.56
Upside / Downside
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $256.67M
Current: -5.0×
Default: -$3.24B

Results

Implied Equity Value / share$4.23
Current Price$10.56
Upside / Downside-59.9%
Implied EV-$1.29B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$5.24B-$4.24B-$3.24B-$2.24B-$1.24B
-9.0x$6.34$4.18$2.01$-0.16$-2.33
-7.0x$7.46$5.29$3.12$0.95$-1.22
-5.0x$8.57$6.40$4.23$2.06$-0.10
-3.0x$9.68$7.52$5.35$3.18$1.01
-1.0x$10.80$8.63$6.46$4.29$2.12