TRI

TRI — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($102.61)
DCF$63.66-38.0%
Graham Number$44.52-56.6%
Reverse DCFimplied g: 13.0%
DDM$53.97-47.4%
EV/EBITDA$99.49-3.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $1.69B
Rev: 5.2% / EPS: -42.6%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$63.66
Current Price$102.61
Upside / Downside-38.0%
Net Debt (used)$1.73B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-2.8%1.2%5.2%9.2%13.2%
7.0%$64.32$78.10$94.12$112.66$134.01
8.0%$52.16$63.25$76.12$90.99$108.10
9.0%$43.74$52.96$63.66$76.01$90.20
10.0%$37.55$45.42$54.53$65.04$77.09
11.0%$32.82$39.65$47.56$56.66$67.08

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $3.29
Yahoo: $26.77

Results

Graham Number$44.52
Current Price$102.61
Margin of Safety-56.6%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$102.61
Implied Near-term FCF Growth13.0%
Historical Revenue Growth5.2%
Historical Earnings Growth-42.6%
Base FCF (TTM)$1.69B
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: $2.62

Results

DDM Intrinsic Value / share$53.97
Current Price$102.61
Upside / Downside-47.4%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $2.34B
Current: 19.6×
Default: $1.73B

Results

Implied Equity Value / share$99.49
Current Price$102.61
Upside / Downside-3.0%
Implied EV$46.00B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$1.73B$1.73B$1.73B$1.73B$1.73B
15.6x$78.45$78.45$78.45$78.45$78.45
17.6x$88.97$88.97$88.97$88.97$88.97
19.6x$99.49$99.49$99.49$99.49$99.49
21.6x$110.01$110.01$110.01$110.01$110.01
23.6x$120.53$120.53$120.53$120.53$120.53