TCRX — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($1.05)
DCF	$-14429.00	-1374290.4%
Graham Number	—	—
Reverse DCF	—	—
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: -$87.76M

Near-term growth (yrs 1–5)(%)Rev: 139.4% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.54%

Computed WACC: 9.54%

Cost of equity (Re)9.95%(Rf 4.30% + β 1.03 × ERP 5.50%)

Cost of debt (Rd)11.76%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)38.39%

Debt weight (D/V)61.61%

Results

Intrinsic Value / share$-12848.13

Current Price$1.05

Upside / Downside-1223731.9%

Net Debt (used)-$88.83M

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

WACC \ Near-term	131.4%	135.4%	139.4%	143.4%	147.4%
7.0%	$-20160.46	$-21962.39	$-23890.96	$-25952.72	$-28154.45
8.0%	$-15399.99	$-16776.06	$-18248.81	$-19823.24	$-21504.55
9.0%	$-12177.08	$-13264.83	$-14429.00	$-15673.53	$-17002.53
10.0%	$-9871.09	$-10752.58	$-11695.97	$-12704.48	$-13781.41
11.0%	$-8153.97	$-8881.87	$-9660.88	$-10493.64	$-11382.89

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-1.12

Book Value / share($)Yahoo: $2.54

Results

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

Graham Number—

Current Price$1.05

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.54%

Terminal growth rate(%)

Computed WACC: 9.54%

Cost of equity (Re)9.95%(Rf 4.30% + β 1.03 × ERP 5.50%)

Cost of debt (Rd)11.76%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)38.39%

Debt weight (D/V)61.61%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$1.05

Implied Near-term FCF Growth—

Historical Revenue Growth139.4%

Historical Earnings Growth—

Base FCF (TTM)-$87.76M

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$1.05

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$145.81M

Target EV/EBITDA multipleCurrent: 0.2×

Net Debt($B)Default: -$88.83M

Results

Implied Equity Value / share$1.13

Current Price$1.05

Upside / Downside+8.0%

Implied EV-$29.31M

← Overview Financial Statements ← Companies