TGL — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($4.68)
DCF	$-1686333.98	-36032877.3%
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: -$10.20M

Near-term growth (yrs 1–5)(%)Rev: 258.1% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 4.45%

Computed WACC: 4.45%

Cost of equity (Re)4.47%(Rf 4.30% + β 0.03 × ERP 5.50%)

Cost of debt (Rd)4.04%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)98.45%

Debt weight (D/V)1.55%

Results

Intrinsic Value / share$-7961919.09

Current Price$4.68

Upside / Downside-170126576.3%

Net Debt (used)-$5.33M

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

WACC \ Near-term	250.1%	254.1%	258.1%	262.1%	266.1%
7.0%	$-2531466.90	$-2679406.85	$-2834184.02	$-2996032.71	$-3165192.53
8.0%	$-1920367.43	$-2032591.00	$-2150000.99	$-2272775.12	$-2401095.14
9.0%	$-1507842.78	$-1595956.03	$-1688141.32	$-1784538.21	$-1885289.38
10.0%	$-1213625.72	$-1284543.35	$-1358738.25	$-1436322.74	$-1517411.65
11.0%	$-995295.87	$-1053453.23	$-1114298.11	$-1177922.58	$-1244420.83

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-304.36

Book Value / share($)Yahoo: $10.71

Results

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

Graham Number—

Current Price$4.68

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 4.45%

Terminal growth rate(%)

Computed WACC: 4.45%

Cost of equity (Re)4.47%(Rf 4.30% + β 0.03 × ERP 5.50%)

Cost of debt (Rd)4.04%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)98.45%

Debt weight (D/V)1.55%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$4.68

Implied Near-term FCF Growth—

Historical Revenue Growth258.1%

Historical Earnings Growth—

Base FCF (TTM)-$10.20M

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$4.68

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$9.97M

Target EV/EBITDA multipleCurrent: -0.3×

Net Debt($B)Default: -$5.33M

Results

Implied Equity Value / share$4.68

Current Price$4.68

Upside / Downside-0.0%

Implied EV$2.51M

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