TRON — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($1.47)
DCF	$-0.51	-134.8%
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: -$2.58M

Near-term growth (yrs 1–5)(%)Rev: 26.0% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 80.76%

Computed WACC: 80.76%

Cost of equity (Re)80.91%(Rf 4.30% + β 13.93 × 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)99.82%

Debt weight (D/V)0.18%

Results

Intrinsic Value / share$0.02

Current Price$1.47

Upside / Downside-98.9%

Net Debt (used)-$10.06M

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

WACC \ Near-term	18.0%	22.0%	26.0%	30.0%	34.0%
7.0%	$-0.58	$-0.68	$-0.80	$-0.94	$-1.10
8.0%	$-0.45	$-0.53	$-0.63	$-0.74	$-0.86
9.0%	$-0.36	$-0.43	$-0.51	$-0.60	$-0.70
10.0%	$-0.30	$-0.36	$-0.43	$-0.50	$-0.58
11.0%	$-0.26	$-0.30	$-0.36	$-0.42	$-0.49

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.00

Book Value / share($)Yahoo: $0.93

Results

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

Graham Number—

Current Price$1.47

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 80.76%

Terminal growth rate(%)

Computed WACC: 80.76%

Cost of equity (Re)80.91%(Rf 4.30% + β 13.93 × 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)99.82%

Debt weight (D/V)0.18%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$1.47

Implied Near-term FCF Growth—

Historical Revenue Growth26.0%

Historical Earnings Growth—

Base FCF (TTM)-$2.58M

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$1.47

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$2.57M

Target EV/EBITDA multipleCurrent: -143.2×

Net Debt($B)Default: -$10.06M

Results

Implied Equity Value / share$1.38

Current Price$1.47

Upside / Downside-6.3%

Implied EV$367.90M

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