TTEC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($2.27)
DCF	$4.14	+82.4%
Graham Number	—	—
Reverse DCF	—	implied g: 3.6%
DDM	—	—
EV/EBITDA	$2.64	+16.3%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $63.79M

Near-term growth (yrs 1–5)(%)Rev: 0.4% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 0.98%

Computed WACC: 0.98%

Cost of equity (Re)9.88%(Rf 4.30% + β 1.01 × 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)9.91%

Debt weight (D/V)90.09%

Results

Intrinsic Value / share—

Current Price$2.27

Upside / Downside—

Net Debt (used)$918.83M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$4.34	$9.04	$14.52	$20.85	$28.15
8.0%	$0.20	$3.99	$8.38	$13.47	$19.32
9.0%	$-2.67	$0.48	$4.14	$8.36	$13.21
10.0%	$-4.78	$-2.09	$1.03	$4.62	$8.74
11.0%	$-6.39	$-4.05	$-1.35	$1.76	$5.33

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.37

Book Value / share($)Yahoo: $1.96

Results

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

Graham Number—

Current Price$2.27

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 0.98%

Terminal growth rate(%)

Computed WACC: 0.98%

Cost of equity (Re)9.88%(Rf 4.30% + β 1.01 × 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)9.91%

Debt weight (D/V)90.09%

Results

Current Price$2.27

Implied Near-term FCF Growth65.0%

Historical Revenue Growth0.4%

Historical Earnings Growth—

Base FCF (TTM)$63.79M

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$2.27

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $187.80M

Target EV/EBITDA multipleCurrent: 5.6×

Net Debt($B)Default: $918.83M

Results

Implied Equity Value / share$2.64

Current Price$2.27

Upside / Downside+16.3%

Implied EV$1.05B

Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)

Mult \ Net Debt	-$1.08B	-$81.17M	$918.83M	$1.92B	$2.92B
1.6x	$28.36	$7.76	$-12.83	$-33.43	$-54.03
3.6x	$36.10	$15.50	$-5.10	$-25.69	$-46.29
5.6x	$43.83	$23.24	$2.64	$-17.96	$-38.56
7.6x	$51.57	$30.97	$10.38	$-10.22	$-30.82
9.6x	$59.31	$38.71	$18.11	$-2.49	$-23.08

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