TEAD — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($0.83)
DCF	$32.38	+3816.8%
Graham Number	—	—
Reverse DCF	—	implied g: 9.4%
DDM	—	—
EV/EBITDA	$0.83	+1.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $25.92M

Near-term growth (yrs 1–5)(%)Rev: 42.2% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 1.22%

Computed WACC: 1.22%

Cost of equity (Re)11.21%(Rf 4.30% + β 1.26 × 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)10.85%

Debt weight (D/V)89.15%

Results

Intrinsic Value / share—

Current Price$0.83

Upside / Downside—

Net Debt (used)$510.13M

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

WACC \ Near-term	34.2%	38.2%	42.2%	46.2%	50.2%
7.0%	$39.31	$46.23	$53.99	$62.66	$72.33
8.0%	$29.70	$35.10	$41.15	$47.92	$55.46
9.0%	$23.13	$27.49	$32.38	$37.85	$43.94
10.0%	$18.38	$21.99	$26.05	$30.57	$35.61
11.0%	$14.80	$17.86	$21.28	$25.10	$29.35

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-1.01

Book Value / share($)Yahoo: $5.44

Results

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

Graham Number—

Current Price$0.83

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 1.22%

Terminal growth rate(%)

Computed WACC: 1.22%

Cost of equity (Re)11.21%(Rf 4.30% + β 1.26 × 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)10.85%

Debt weight (D/V)89.15%

Results

Current Price$0.83

Implied Near-term FCF Growth65.0%

Historical Revenue Growth42.2%

Historical Earnings Growth—

Base FCF (TTM)$25.92M

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$0.83

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $44.98M

Target EV/EBITDA multipleCurrent: 13.1×

Net Debt($B)Default: $510.13M

Results

Implied Equity Value / share$0.83

Current Price$0.83

Upside / Downside+1.0%

Implied EV$589.82M

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

Mult \ Net Debt	-$1.49B	-$489.87M	$510.13M	$1.51B	$2.51B
9.1x	$19.90	$9.42	$-1.05	$-11.52	$-22.00
11.1x	$20.84	$10.37	$-0.11	$-10.58	$-21.06
13.1x	$21.78	$11.31	$0.83	$-9.64	$-20.11
15.1x	$22.73	$12.25	$1.78	$-8.70	$-19.17
17.1x	$23.67	$13.19	$2.72	$-7.76	$-18.23

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