TDC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($30.41)
DCF	$817.58	+2588.5%
Graham Number	$8.69	-71.4%
Reverse DCF	—	implied g: -3.6%
DDM	—	—
EV/EBITDA	$30.08	-1.1%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $274.38M

Near-term growth (yrs 1–5)(%)Rev: 2.9% / EPS: 56.0%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.09%

Computed WACC: 6.09%

Cost of equity (Re)7.28%(Rf 4.30% + β 0.54 × 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)83.76%

Debt weight (D/V)16.24%

Results

Intrinsic Value / share$1714.79

Current Price$30.41

Upside / Downside+5538.9%

Net Debt (used)$64.00M

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

WACC \ Near-term	48.0%	52.0%	56.0%	60.0%	64.0%
7.0%	$1005.89	$1147.71	$1305.17	$1479.52	$1672.08
8.0%	$782.96	$893.03	$1015.20	$1150.46	$1299.83
9.0%	$631.02	$719.44	$817.58	$926.21	$1046.16
10.0%	$521.49	$594.33	$675.15	$764.60	$863.35
11.0%	$439.26	$500.41	$568.24	$643.30	$726.15

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.35

Book Value / share($)Yahoo: $2.49

Results

Graham Number$8.69

Current Price$30.41

Margin of Safety-71.4%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.09%

Terminal growth rate(%)

Computed WACC: 6.09%

Cost of equity (Re)7.28%(Rf 4.30% + β 0.54 × 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)83.76%

Debt weight (D/V)16.24%

Results

Current Price$30.41

Implied Near-term FCF Growth-11.9%

Historical Revenue Growth2.9%

Historical Earnings Growth56.0%

Base FCF (TTM)$274.38M

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$30.41

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $297.00M

Target EV/EBITDA multipleCurrent: 9.7×

Net Debt($B)Default: $64.00M

Results

Implied Equity Value / share$30.08

Current Price$30.41

Upside / Downside-1.1%

Implied EV$2.87B

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

Mult \ Net Debt	-$1.94B	-$936.00M	$64.00M	$1.06B	$2.06B
5.7x	$38.80	$28.07	$17.34	$6.61	$-4.12
7.7x	$45.17	$34.44	$23.71	$12.98	$2.25
9.7x	$51.54	$40.81	$30.08	$19.35	$8.62
11.7x	$57.92	$47.19	$36.46	$25.73	$15.00
13.7x	$64.29	$53.56	$42.83	$32.10	$21.37

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