TLF — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($2.38)
DCF	$0.98	-58.9%
Graham Number	$13.32	+459.6%
Reverse DCF	—	implied g: 16.7%
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: $880,125

Near-term growth (yrs 1–5)(%)Rev: 8.7% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 3.18%

Computed WACC: 3.18%

Cost of equity (Re)7.73%(Rf 4.30% + β 0.62 × 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)41.22%

Debt weight (D/V)58.78%

Results

Intrinsic Value / share$22.49

Current Price$2.38

Upside / Downside+845.1%

Net Debt (used)$11.29M

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

WACC \ Near-term	0.7%	4.7%	8.7%	12.7%	16.7%
7.0%	$1.04	$1.53	$2.09	$2.73	$3.47
8.0%	$0.59	$0.98	$1.43	$1.94	$2.53
9.0%	$0.28	$0.60	$0.97	$1.40	$1.89
10.0%	$0.06	$0.33	$0.64	$1.00	$1.42
11.0%	$-0.12	$0.12	$0.39	$0.70	$1.06

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.21

Book Value / share($)Yahoo: $6.51

Results

Graham Number$13.32

Current Price$2.38

Margin of Safety+459.6%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 3.18%

Terminal growth rate(%)

Computed WACC: 3.18%

Cost of equity (Re)7.73%(Rf 4.30% + β 0.62 × 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)41.22%

Debt weight (D/V)58.78%

Results

Current Price$2.38

Implied Near-term FCF Growth-15.9%

Historical Revenue Growth8.7%

Historical Earnings Growth—

Base FCF (TTM)$880,125

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: -$105,000

Target EV/EBITDA multipleCurrent: -290.5×

Net Debt($B)Default: $11.29M

Results

Implied Equity Value / share$2.38

Current Price$2.38

Upside / Downside+0.1%

Implied EV$30.51M

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