TISI — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($14.49)
DCF	$-95.84	-761.2%
Graham Number	—	—
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$25.37	+75.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$5.03M

Near-term growth (yrs 1–5)(%)Rev: 6.7% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 1.63%

Computed WACC: 1.63%

Cost of equity (Re)10.38%(Rf 4.30% + β 1.11 × 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)15.74%

Debt weight (D/V)84.26%

Results

Intrinsic Value / share—

Current Price$14.49

Upside / Downside—

Net Debt (used)$336.37M

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

WACC \ Near-term	-1.3%	2.7%	6.7%	10.7%	14.7%
7.0%	$-96.27	$-100.67	$-105.77	$-111.67	$-118.44
8.0%	$-92.30	$-95.83	$-99.92	$-104.64	$-110.06
9.0%	$-89.55	$-92.48	$-95.87	$-99.79	$-104.28
10.0%	$-87.53	$-90.03	$-92.91	$-96.23	$-100.04
11.0%	$-85.99	$-88.15	$-90.65	$-93.52	$-96.81

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-11.84

Book Value / share($)Yahoo: $-3.92

Results

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

Graham Number—

Current Price$14.49

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 1.63%

Terminal growth rate(%)

Computed WACC: 1.63%

Cost of equity (Re)10.38%(Rf 4.30% + β 1.11 × 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)15.74%

Debt weight (D/V)84.26%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$14.49

Implied Near-term FCF Growth—

Historical Revenue Growth6.7%

Historical Earnings Growth—

Base FCF (TTM)-$5.03M

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$14.49

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $43.95M

Target EV/EBITDA multipleCurrent: 10.3×

Net Debt($B)Default: $336.37M

Results

Implied Equity Value / share$25.37

Current Price$14.49

Upside / Downside+75.0%

Implied EV$451.21M

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

Mult \ Net Debt	-$1.66B	-$663.63M	$336.37M	$1.34B	$2.34B
6.3x	$428.30	$207.42	$-13.47	$-234.35	$-455.24
8.3x	$447.72	$226.83	$5.95	$-214.94	$-435.82
10.3x	$467.14	$246.25	$25.37	$-195.52	$-416.40
12.3x	$486.55	$265.67	$44.78	$-176.10	$-396.99
14.3x	$505.97	$285.08	$64.20	$-156.69	$-377.57

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