TNGX — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($11.65)
DCF	$-1295443.58	-11119787.4%
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: -$62.38M

Near-term growth (yrs 1–5)(%)Rev: 363.6% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 13.97%

Computed WACC: 13.97%

Cost of equity (Re)14.28%(Rf 4.30% + β 1.81 × 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)97.83%

Debt weight (D/V)2.17%

Results

Intrinsic Value / share$-505916.56

Current Price$11.65

Upside / Downside-4342731.5%

Net Debt (used)-$118.05M

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

WACC \ Near-term	355.6%	359.6%	363.6%	367.6%	371.6%
7.0%	$-2003248.17	$-2092742.54	$-2185407.22	$-2281325.71	$-2380582.95
8.0%	$-1516017.26	$-1583744.28	$-1653870.50	$-1726459.10	$-1801574.37
9.0%	$-1187466.67	$-1240515.52	$-1295443.58	$-1352300.34	$-1411136.17
10.0%	$-953419.08	$-996011.74	$-1040113.19	$-1085763.19	$-1133002.15
11.0%	$-779961.21	$-814804.57	$-850882.20	$-888226.63	$-926870.91

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.91

Book Value / share($)Yahoo: $1.43

Results

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

Graham Number—

Current Price$11.65

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 13.97%

Terminal growth rate(%)

Computed WACC: 13.97%

Cost of equity (Re)14.28%(Rf 4.30% + β 1.81 × 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)97.83%

Debt weight (D/V)2.17%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$11.65

Implied Near-term FCF Growth—

Historical Revenue Growth363.6%

Historical Earnings Growth—

Base FCF (TTM)-$62.38M

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$11.65

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$107.91M

Target EV/EBITDA multipleCurrent: -13.3×

Net Debt($B)Default: -$118.05M

Results

Implied Equity Value / share$11.52

Current Price$11.65

Upside / Downside-1.1%

Implied EV$1.43B

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