TANH

TANH — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($0.80)
DCF$169.83+21033.8%
Graham Number
Reverse DCFimplied g: -20.0%
DDM
EV/EBITDA$2.14+166.9%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $57.72M
Rev: -4.5% / EPS: -11.5%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$169.83
Current Price$0.80
Upside / Downside+21033.8%
Net Debt (used)-$29.13M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-3.0%1.0%5.0%9.0%13.0%
7.0%$171.25$204.92$244.09$289.43$341.65
8.0%$141.62$168.72$200.20$236.59$278.45
9.0%$121.09$143.66$169.83$200.04$234.76
10.0%$106.02$125.27$147.57$173.27$202.77
11.0%$94.48$111.21$130.55$152.82$178.35

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $-11.81
Yahoo: $98.73

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.
Graham Number
Current Price$0.80
Margin of Safety
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$0.80
Implied Near-term FCF Growth-20.0%
Historical Revenue Growth-4.5%
Historical Earnings Growth-11.5%
Base FCF (TTM)$57.72M
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$0.80
Upside / Downside
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $6.46M
Current: -2.5×
Default: -$29.13M

Results

Implied Equity Value / share$2.14
Current Price$0.80
Upside / Downside+166.9%
Implied EV-$15.96M
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$2.03B-$1.03B-$29.13M$970.87M$1.97B
-6.5x$323.74$160.84$-2.07$-164.97$-327.87
-4.5x$325.85$162.94$0.04$-162.86$-325.77
-2.5x$327.95$165.05$2.14$-160.76$-323.66
-0.5x$330.06$167.15$4.25$-158.65$-321.56
1.5x$332.16$169.26$6.35$-156.55$-319.45