TRMB — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($66.87)
DCF	$1890.15	+2726.6%
Graham Number	$31.29	-53.2%
Reverse DCF	—	implied g: 15.8%
DDM	—	—
EV/EBITDA	$65.75	-1.7%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $522.81M

Near-term growth (yrs 1–5)(%)Rev: -1.4% / EPS: 80.5%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 11.81%

Computed WACC: 11.81%

Cost of equity (Re)12.97%(Rf 4.30% + β 1.58 × 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)91.07%

Debt weight (D/V)8.93%

Results

Intrinsic Value / share$1127.69

Current Price$66.87

Upside / Downside+1586.4%

Net Debt (used)$1.31B

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

WACC \ Near-term	72.5%	76.5%	80.5%	84.5%	88.5%
7.0%	$2454.30	$2751.42	$3076.64	$3431.89	$3819.24
8.0%	$1892.55	$2121.48	$2372.04	$2645.73	$2944.12
9.0%	$1510.80	$1693.40	$1893.25	$2111.52	$2349.48
10.0%	$1236.53	$1385.86	$1549.27	$1727.75	$1922.30
11.0%	$1031.38	$1155.83	$1292.00	$1440.72	$1602.81

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.76

Book Value / share($)Yahoo: $24.73

Results

Graham Number$31.29

Current Price$66.87

Margin of Safety-53.2%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 11.81%

Terminal growth rate(%)

Computed WACC: 11.81%

Cost of equity (Re)12.97%(Rf 4.30% + β 1.58 × 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)91.07%

Debt weight (D/V)8.93%

Results

Current Price$66.87

Implied Near-term FCF Growth23.4%

Historical Revenue Growth-1.4%

Historical Earnings Growth80.5%

Base FCF (TTM)$522.81M

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$66.87

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $818.00M

Target EV/EBITDA multipleCurrent: 20.7×

Net Debt($B)Default: $1.31B

Results

Implied Equity Value / share$65.75

Current Price$66.87

Upside / Downside-1.7%

Implied EV$16.95B

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

Mult \ Net Debt	$1.31B	$1.31B	$1.31B	$1.31B	$1.31B
16.7x	$52.00	$52.00	$52.00	$52.00	$52.00
18.7x	$58.87	$58.87	$58.87	$58.87	$58.87
20.7x	$65.75	$65.75	$65.75	$65.75	$65.75
22.7x	$72.62	$72.62	$72.62	$72.62	$72.62
24.7x	$79.50	$79.50	$79.50	$79.50	$79.50

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