TG — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($9.55)
DCF	$88.87	+830.6%
Graham Number	$3.06	-68.0%
Reverse DCF	—	implied g: -3.4%
DDM	—	—
EV/EBITDA	$9.37	-1.9%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $35.77M

Near-term growth (yrs 1–5)(%)Rev: 33.5% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.11%

Computed WACC: 8.11%

Cost of equity (Re)7.92%(Rf 4.30% + β 0.66 × ERP 5.50%)

Cost of debt (Rd)11.57%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)83.99%

Debt weight (D/V)16.01%

Results

Intrinsic Value / share$106.78

Current Price$9.55

Upside / Downside+1018.1%

Net Debt (used)$50.03M

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

WACC \ Near-term	25.5%	29.5%	33.5%	37.5%	41.5%
7.0%	$102.58	$119.74	$139.13	$160.95	$185.42
8.0%	$80.73	$94.19	$109.39	$126.49	$145.66
9.0%	$65.76	$76.69	$89.03	$102.90	$118.45
10.0%	$54.92	$64.02	$74.29	$85.82	$98.75
11.0%	$46.74	$54.46	$63.16	$72.94	$83.89

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.07

Book Value / share($)Yahoo: $5.93

Results

Graham Number$3.06

Current Price$9.55

Margin of Safety-68.0%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.11%

Terminal growth rate(%)

Computed WACC: 8.11%

Cost of equity (Re)7.92%(Rf 4.30% + β 0.66 × ERP 5.50%)

Cost of debt (Rd)11.57%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)83.99%

Debt weight (D/V)16.01%

Results

Current Price$9.55

Implied Near-term FCF Growth-5.6%

Historical Revenue Growth33.5%

Historical Earnings Growth—

Base FCF (TTM)$35.77M

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$9.55

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $48.97M

Target EV/EBITDA multipleCurrent: 7.7×

Net Debt($B)Default: $50.03M

Results

Implied Equity Value / share$9.37

Current Price$9.55

Upside / Downside-1.9%

Implied EV$376.03M

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

Mult \ Net Debt	-$1.95B	-$949.97M	$50.03M	$1.05B	$2.05B
3.7x	$61.22	$32.48	$3.74	$-25.00	$-53.74
5.7x	$64.04	$35.30	$6.56	$-22.19	$-50.93
7.7x	$66.85	$38.11	$9.37	$-19.37	$-48.11
9.7x	$69.67	$40.93	$12.19	$-16.56	$-45.30
11.7x	$72.48	$43.74	$15.00	$-13.74	$-42.48

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