TTAN

TTAN — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($74.01)
DCF$89.41+20.8%
Graham Number
Reverse DCFimplied g: 21.4%
DDM
EV/EBITDA

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $124.61M
Rev: 25.0% / EPS: —
Default: 9% (no SEC data)

Results

Intrinsic Value / share$89.41
Current Price$74.01
Upside / Downside+20.8%
Net Debt (used)-$335.14M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term17.0%21.0%25.0%29.0%33.0%
7.0%$99.01$115.66$134.63$156.13$180.42
8.0%$79.72$92.86$107.81$124.76$143.89
9.0%$66.48$77.21$89.41$103.23$118.83
10.0%$56.86$65.84$76.05$87.61$100.64
11.0%$49.58$57.24$65.94$75.79$86.88

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $-7.78
Yahoo: $16.07

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.
Graham Number
Current Price$74.01
Margin of Safety
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$74.01
Implied Near-term FCF Growth21.4%
Historical Revenue Growth25.0%
Historical Earnings Growth
Base FCF (TTM)$124.61M
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$74.01
Upside / Downside
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: -$195.50M
Current: -34.1×
Default: -$335.14M

Results

Implied Equity Value / share$86.64
Current Price$74.01
Upside / Downside+17.1%
Implied EV$6.66B