TTI — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($8.92)
DCF	$0.71	-92.1%
Graham Number	$6.62	-25.8%
Reverse DCF	—	implied g: 39.3%
DDM	—	—
EV/EBITDA	$8.94	+0.2%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $11.32M

Near-term growth (yrs 1–5)(%)Rev: 9.1% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.31%

Computed WACC: 9.31%

Cost of equity (Re)11.10%(Rf 4.30% + β 1.24 × 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)83.81%

Debt weight (D/V)16.19%

Results

Intrinsic Value / share$0.61

Current Price$8.92

Upside / Downside-93.1%

Net Debt (used)$157.83M

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

WACC \ Near-term	1.1%	5.1%	9.1%	13.1%	17.1%
7.0%	$0.76	$1.15	$1.59	$2.10	$2.69
8.0%	$0.41	$0.71	$1.07	$1.47	$1.94
9.0%	$0.16	$0.41	$0.71	$1.04	$1.43
10.0%	$-0.02	$0.19	$0.44	$0.73	$1.05
11.0%	$-0.16	$0.02	$0.24	$0.49	$0.77

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.92

Book Value / share($)Yahoo: $2.12

Results

Graham Number$6.62

Current Price$8.92

Margin of Safety-25.8%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.31%

Terminal growth rate(%)

Computed WACC: 9.31%

Cost of equity (Re)11.10%(Rf 4.30% + β 1.24 × 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)83.81%

Debt weight (D/V)16.19%

Results

Current Price$8.92

Implied Near-term FCF Growth40.4%

Historical Revenue Growth9.1%

Historical Earnings Growth—

Base FCF (TTM)$11.32M

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$8.92

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $96.69M

Target EV/EBITDA multipleCurrent: 14.0×

Net Debt($B)Default: $157.83M

Results

Implied Equity Value / share$8.94

Current Price$8.92

Upside / Downside+0.2%

Implied EV$1.35B

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

Mult \ Net Debt	-$1.84B	-$842.17M	$157.83M	$1.16B	$2.16B
10.0x	$21.00	$13.53	$6.05	$-1.43	$-8.90
12.0x	$22.45	$14.97	$7.50	$0.02	$-7.46
14.0x	$23.89	$16.42	$8.94	$1.46	$-6.01
16.0x	$25.34	$17.86	$10.39	$2.91	$-4.57
18.0x	$26.79	$19.31	$11.83	$4.36	$-3.12

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