TELA — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($0.86)
DCF	$-10.37	-1304.4%
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: -$20.06M

Near-term growth (yrs 1–5)(%)Rev: 9.1% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 4.24%

Computed WACC: 4.24%

Cost of equity (Re)9.06%(Rf 4.30% + β 0.87 × 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)46.80%

Debt weight (D/V)53.20%

Results

Intrinsic Value / share$-39.50

Current Price$0.86

Upside / Downside-4689.5%

Net Debt (used)$13.86M

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

WACC \ Near-term	1.1%	5.1%	9.1%	13.1%	17.1%
7.0%	$-10.67	$-12.70	$-15.06	$-17.78	$-20.90
8.0%	$-8.76	$-10.39	$-12.27	$-14.45	$-16.94
9.0%	$-7.43	$-8.79	$-10.35	$-12.14	$-14.20
10.0%	$-6.47	$-7.62	$-8.94	$-10.46	$-12.20
11.0%	$-5.73	$-6.72	$-7.87	$-9.18	$-10.68

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.83

Book Value / share($)Yahoo: $0.04

Results

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

Graham Number—

Current Price$0.86

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 4.24%

Terminal growth rate(%)

Computed WACC: 4.24%

Cost of equity (Re)9.06%(Rf 4.30% + β 0.87 × 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)46.80%

Debt weight (D/V)53.20%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$0.86

Implied Near-term FCF Growth—

Historical Revenue Growth9.1%

Historical Earnings Growth—

Base FCF (TTM)-$20.06M

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$0.86

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$34.41M

Target EV/EBITDA multipleCurrent: -1.4×

Net Debt($B)Default: $13.86M

Results

Implied Equity Value / share$0.78

Current Price$0.86

Upside / Downside-9.4%

Implied EV$48.59M

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