TKNO — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($2.38)
DCF	$-1.18	-149.4%
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: -$2.71M

Near-term growth (yrs 1–5)(%)Rev: 7.8% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.32%

Computed WACC: 5.32%

Cost of equity (Re)6.51%(Rf 4.30% + β 0.40 × 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)81.84%

Debt weight (D/V)18.16%

Results

Intrinsic Value / share$-2.60

Current Price$2.38

Upside / Downside-209.4%

Net Debt (used)$6.93M

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

WACC \ Near-term	-0.2%	3.8%	7.8%	11.8%	15.8%
7.0%	$-1.20	$-1.41	$-1.66	$-1.95	$-2.27
8.0%	$-1.01	$-1.18	$-1.37	$-1.60	$-1.86
9.0%	$-0.87	$-1.01	$-1.18	$-1.36	$-1.58
10.0%	$-0.77	$-0.89	$-1.03	$-1.19	$-1.37
11.0%	$-0.70	$-0.80	$-0.92	$-1.06	$-1.22

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.33

Book Value / share($)Yahoo: $1.28

Results

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

Graham Number—

Current Price$2.38

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.32%

Terminal growth rate(%)

Computed WACC: 5.32%

Cost of equity (Re)6.51%(Rf 4.30% + β 0.40 × 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)81.84%

Debt weight (D/V)18.16%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$2.38

Implied Near-term FCF Growth—

Historical Revenue Growth7.8%

Historical Earnings Growth—

Base FCF (TTM)-$2.71M

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$2.38

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$10.63M

Target EV/EBITDA multipleCurrent: -12.6×

Net Debt($B)Default: $6.93M

Results

Implied Equity Value / share$2.38

Current Price$2.38

Upside / Downside+0.0%

Implied EV$134.36M

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