TME

TME — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($14.43)
DCF$874.02+5957.0%
Graham Number$13.36-7.4%
Reverse DCFimplied g: -20.0%
DDM$3.71-74.3%
EV/EBITDA$66.42+360.3%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $5.38B
Rev: 20.6% / EPS: 38.0%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$874.02
Current Price$14.43
Upside / Downside+5957.0%
Net Debt (used)-$18.46B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term30.0%34.0%38.0%42.0%46.0%
7.0%$1016.22$1174.35$1352.28$1551.81$1774.86
8.0%$805.37$929.09$1068.24$1224.23$1398.57
9.0%$661.16$761.36$874.02$1000.27$1141.32
10.0%$556.82$640.02$733.53$838.28$955.29
11.0%$478.16$548.57$627.66$716.24$815.14

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $1.01
Yahoo: $7.85

Results

Graham Number$13.36
Current Price$14.43
Margin of Safety-7.4%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$14.43
Implied Near-term FCF Growth-20.0%
Historical Revenue Growth20.6%
Historical Earnings Growth38.0%
Base FCF (TTM)$5.38B
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

Yahoo: $0.18

Results

DDM Intrinsic Value / share$3.71
Current Price$14.43
Upside / Downside-74.3%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $12.59B
Current: 2.3×
Default: -$18.46B

Results

Implied Equity Value / share$66.42
Current Price$14.43
Upside / Downside+360.3%
Implied EV$28.60B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$28.46B-$23.46B-$18.46B-$13.46B-$8.46B
-1.7x$9.43$2.37$-4.68$-11.74$-18.80
0.3x$44.98$37.92$30.87$23.81$16.75
2.3x$80.53$73.48$66.42$59.36$52.30
4.3x$116.08$109.03$101.97$94.91$87.85
6.3x$151.63$144.58$137.52$130.46$123.40