TFPM

TFPM — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($41.13)
DCF$-17.72-143.1%
Graham Number$16.15-60.7%
Reverse DCF
DDM$4.74-88.5%
EV/EBITDA$41.13+0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: -$4.18M
Rev: 60.2% / EPS: 81.4%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$-17.72
Current Price$41.13
Upside / Downside-143.1%
Net Debt (used)-$87.24M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term73.4%77.4%81.4%85.4%89.4%
7.0%$-23.12$-25.95$-29.04$-32.42$-36.11
8.0%$-17.74$-19.92$-22.30$-24.91$-27.74
9.0%$-14.08$-15.82$-17.72$-19.80$-22.06
10.0%$-11.46$-12.88$-14.43$-16.13$-17.98
11.0%$-9.49$-10.68$-11.97$-13.39$-14.93

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $1.17
Yahoo: $9.90

Results

Graham Number$16.15
Current Price$41.13
Margin of Safety-60.7%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Reverse DCF requires positive TTM free cash flow.
Current Price$41.13
Implied Near-term FCF Growth
Historical Revenue Growth60.2%
Historical Earnings Growth81.4%
Base FCF (TTM)-$4.18M
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

Yahoo: $0.23

Results

DDM Intrinsic Value / share$4.74
Current Price$41.13
Upside / Downside-88.5%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $295.57M
Current: 28.5×
Default: -$87.24M

Results

Implied Equity Value / share$41.13
Current Price$41.13
Upside / Downside+0.0%
Implied EV$8.41B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$2.09B-$1.09B-$87.24M$912.76M$1.91B
24.5x$45.09$40.25$35.41$30.57$25.73
26.5x$47.95$43.11$38.27$33.43$28.59
28.5x$50.81$45.97$41.13$36.29$31.45
30.5x$53.67$48.83$43.99$39.15$34.31
32.5x$56.54$51.69$46.85$42.01$37.17