TPCS — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($3.83)
DCF	$-4.25	-211.1%
Graham Number	—	—
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$3.93	+2.6%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$1.83M

Near-term growth (yrs 1–5)(%)Rev: -6.9% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 3.47%

Computed WACC: 3.47%

Cost of equity (Re)4.43%(Rf 4.30% + β 0.02 × 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)78.49%

Debt weight (D/V)21.51%

Results

Intrinsic Value / share$-22.80

Current Price$3.83

Upside / Downside-695.3%

Net Debt (used)$10.44M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-4.28	$-4.94	$-5.70	$-6.58	$-7.60
8.0%	$-3.71	$-4.23	$-4.84	$-5.55	$-6.37
9.0%	$-3.31	$-3.75	$-4.25	$-4.84	$-5.52
10.0%	$-3.01	$-3.39	$-3.82	$-4.32	$-4.89
11.0%	$-2.79	$-3.11	$-3.49	$-3.92	$-4.42

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.12

Book Value / share($)Yahoo: $0.80

Results

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

Graham Number—

Current Price$3.83

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 3.47%

Terminal growth rate(%)

Computed WACC: 3.47%

Cost of equity (Re)4.43%(Rf 4.30% + β 0.02 × 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)78.49%

Debt weight (D/V)21.51%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$3.83

Implied Near-term FCF Growth—

Historical Revenue Growth-6.9%

Historical Earnings Growth—

Base FCF (TTM)-$1.83M

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$3.83

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $1.99M

Target EV/EBITDA multipleCurrent: 25.0×

Net Debt($B)Default: $10.44M

Results

Implied Equity Value / share$3.93

Current Price$3.83

Upside / Downside+2.6%

Implied EV$49.78M

Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)

Mult \ Net Debt	-$1.99B	-$989.56M	$10.44M	$1.01B	$2.01B
21.0x	$202.91	$103.02	$3.14	$-96.75	$-196.64
23.0x	$203.31	$103.42	$3.53	$-96.35	$-196.24
25.0x	$203.70	$103.82	$3.93	$-95.96	$-195.84
27.0x	$204.10	$104.21	$4.33	$-95.56	$-195.45
29.0x	$204.50	$104.61	$4.72	$-95.16	$-195.05

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