TIVC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($0.81)
DCF	$-45.45	-5710.6%
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: -$3.58M

Near-term growth (yrs 1–5)(%)Rev: 15.9% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 15.38%

Computed WACC: 15.38%

Cost of equity (Re)15.38%(Rf 4.30% + β 2.01 × 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)100.00%

Debt weight (D/V)0.00%

Results

Intrinsic Value / share$-20.06

Current Price$0.81

Upside / Downside-2576.3%

Net Debt (used)-$3.45M

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

WACC \ Near-term	7.9%	11.9%	15.9%	19.9%	23.9%
7.0%	$-48.72	$-58.13	$-68.93	$-81.29	$-95.37
8.0%	$-39.01	$-46.49	$-55.07	$-64.88	$-76.04
9.0%	$-32.32	$-38.47	$-45.53	$-53.58	$-62.74
10.0%	$-27.44	$-32.63	$-38.57	$-45.35	$-53.06
11.0%	$-23.73	$-28.19	$-33.29	$-39.11	$-45.71

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-8.00

Book Value / share($)Yahoo: $3.36

Results

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

Graham Number—

Current Price$0.81

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 15.38%

Terminal growth rate(%)

Computed WACC: 15.38%

Cost of equity (Re)15.38%(Rf 4.30% + β 2.01 × 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)100.00%

Debt weight (D/V)0.00%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$0.81

Implied Near-term FCF Growth—

Historical Revenue Growth15.9%

Historical Earnings Growth—

Base FCF (TTM)-$3.58M

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$0.81

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$7.40M

Target EV/EBITDA multipleCurrent: 0.3×

Net Debt($B)Default: -$3.45M

Results

Implied Equity Value / share$0.57

Current Price$0.81

Upside / Downside-30.2%

Implied EV-$2.02M

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