TCMD — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($29.29)
DCF	$71.07	+142.6%
Graham Number	$13.42	-54.2%
Reverse DCF	—	implied g: 4.5%
DDM	—	—
EV/EBITDA	$29.29	-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $34.58M

Near-term growth (yrs 1–5)(%)Rev: 21.0% / EPS: 17.6%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.41%

Computed WACC: 9.41%

Cost of equity (Re)9.64%(Rf 4.30% + β 0.97 × 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)97.63%

Debt weight (D/V)2.37%

Results

Intrinsic Value / share$66.42

Current Price$29.29

Upside / Downside+126.8%

Net Debt (used)-$67.49M

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

WACC \ Near-term	13.0%	17.0%	21.0%	25.0%	29.0%
7.0%	$77.44	$90.91	$106.29	$123.81	$143.66
8.0%	$62.59	$73.25	$85.42	$99.26	$114.94
9.0%	$52.38	$61.11	$71.07	$82.39	$95.21
10.0%	$44.96	$52.28	$60.64	$70.13	$80.88
11.0%	$39.32	$45.59	$52.74	$60.85	$70.02

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.82

Book Value / share($)Yahoo: $9.76

Results

Graham Number$13.42

Current Price$29.29

Margin of Safety-54.2%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.41%

Terminal growth rate(%)

Computed WACC: 9.41%

Cost of equity (Re)9.64%(Rf 4.30% + β 0.97 × 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)97.63%

Debt weight (D/V)2.37%

Results

Current Price$29.29

Implied Near-term FCF Growth5.6%

Historical Revenue Growth21.0%

Historical Earnings Growth17.6%

Base FCF (TTM)$34.58M

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$29.29

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $35.92M

Target EV/EBITDA multipleCurrent: 16.4×

Net Debt($B)Default: -$67.49M

Results

Implied Equity Value / share$29.29

Current Price$29.29

Upside / Downside-0.0%

Implied EV$589.73M

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

Mult \ Net Debt	-$2.07B	-$1.07B	-$67.49M	$932.51M	$1.93B
12.4x	$112.02	$67.45	$22.89	$-21.68	$-66.25
14.4x	$115.22	$70.65	$26.09	$-18.48	$-63.04
16.4x	$118.42	$73.85	$29.29	$-15.28	$-59.84
18.4x	$121.62	$77.06	$32.49	$-12.07	$-56.64
20.4x	$124.82	$80.26	$35.69	$-8.87	$-53.44

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