TTE

TTE — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($80.34)
DCF$96.70+20.4%
Graham Number$83.50+3.9%
Reverse DCFimplied g: 2.3%
DDM$80.55+0.3%
EV/EBITDA$82.30+2.4%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $13.51B
Rev: -2.5% / EPS: -22.8%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$96.70
Current Price$80.34
Upside / Downside+20.4%
Net Debt (used)$31.89B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-3.0%1.0%5.0%9.0%13.0%
7.0%$97.66$120.44$146.95$177.63$212.96
8.0%$77.61$95.95$117.25$141.87$170.20
9.0%$63.72$78.99$96.70$117.14$140.63
10.0%$53.52$66.54$81.63$99.02$118.99
11.0%$45.71$57.03$70.12$85.19$102.46

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $5.78
Yahoo: $53.61

Results

Graham Number$83.50
Current Price$80.34
Margin of Safety+3.9%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$80.34
Implied Near-term FCF Growth2.3%
Historical Revenue Growth-2.5%
Historical Earnings Growth-22.8%
Base FCF (TTM)$13.51B
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: $3.91

Results

DDM Intrinsic Value / share$80.55
Current Price$80.34
Upside / Downside+0.3%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $32.88B
Current: 6.3×
Default: $31.89B

Results

Implied Equity Value / share$82.30
Current Price$80.34
Upside / Downside+2.4%
Implied EV$206.68B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$15.89B$23.89B$31.89B$39.89B$47.89B
2.3x$27.91$24.14$20.37$16.61$12.84
4.3x$58.87$55.10$51.34$47.57$43.80
6.3x$89.83$86.06$82.30$78.53$74.76
8.3x$120.79$117.02$113.26$109.49$105.72
10.3x$151.75$147.99$144.22$140.45$136.69