TSEM

TSEM — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($138.59)
DCF$-28.11-120.3%
Graham Number$35.44-74.4%
Reverse DCF
DDM
EV/EBITDA$138.52-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: -$28.81M
Rev: 13.7% / EPS: 42.9%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$-28.05
Current Price$138.59
Upside / Downside-120.2%
Net Debt (used)-$990.39M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term34.9%38.9%42.9%46.9%50.9%
7.0%$-34.91$-41.65$-49.20$-57.64$-67.04
8.0%$-25.48$-30.74$-36.63$-43.22$-50.55
9.0%$-19.04$-23.29$-28.05$-33.36$-39.28
10.0%$-14.38$-17.90$-21.85$-26.25$-31.14
11.0%$-10.88$-13.85$-17.18$-20.89$-25.02

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $2.16
Yahoo: $25.84

Results

Graham Number$35.44
Current Price$138.59
Margin of Safety-74.4%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Reverse DCF requires positive TTM free cash flow.
Current Price$138.59
Implied Near-term FCF Growth
Historical Revenue Growth13.7%
Historical Earnings Growth42.9%
Base FCF (TTM)-$28.81M
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

Yahoo: —

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$138.59
Upside / Downside
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $497.28M
Current: 29.3×
Default: -$990.39M

Results

Implied Equity Value / share$138.52
Current Price$138.59
Upside / Downside-0.0%
Implied EV$14.59B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$2.99B-$1.99B-$990.39M$9.61M$1.01B
25.3x$138.62$129.73$120.83$111.94$103.05
27.3x$147.47$138.57$129.68$120.79$111.89
29.3x$156.31$147.42$138.52$129.63$120.74
31.3x$165.15$156.26$147.37$138.48$129.58
33.3x$174.00$165.11$156.21$147.32$138.43