TRNR — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($1.46)
DCF	$-86475.33	-5923068.0%
Graham Number	$919.91	+62907.6%
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: -$18.21M

Near-term growth (yrs 1–5)(%)Rev: 139.1% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 0.38%

Computed WACC: 0.38%

Cost of equity (Re)7.25%(Rf 4.30% + β 0.54 × 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)5.31%

Debt weight (D/V)94.69%

Results

Intrinsic Value / share—

Current Price$1.46

Upside / Downside—

Net Debt (used)$45.97M

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

WACC \ Near-term	131.1%	135.1%	139.1%	143.1%	147.1%
7.0%	$-120604.36	$-131395.11	$-142945.18	$-155293.95	$-168482.17
8.0%	$-92138.46	$-100379.25	$-109199.79	$-118630.16	$-128701.47
9.0%	$-72866.23	$-79380.70	$-86353.37	$-93808.02	$-101769.21
10.0%	$-59076.78	$-64356.13	$-70006.73	$-76047.82	$-82499.31
11.0%	$-48808.43	$-53168.11	$-57834.29	$-62822.85	$-68150.23

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $526.50

Book Value / share($)Yahoo: $71.44

Results

Graham Number$919.91

Current Price$1.46

Margin of Safety+62907.6%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 0.38%

Terminal growth rate(%)

Computed WACC: 0.38%

Cost of equity (Re)7.25%(Rf 4.30% + β 0.54 × 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)5.31%

Debt weight (D/V)94.69%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$1.46

Implied Near-term FCF Growth—

Historical Revenue Growth139.1%

Historical Earnings Growth—

Base FCF (TTM)-$18.21M

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$1.46

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$19.16M

Target EV/EBITDA multipleCurrent: -2.4×

Net Debt($B)Default: $45.97M

Results

Implied Equity Value / share$0.22

Current Price$1.46

Upside / Downside-85.1%

Implied EV$46.36M

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