TV

TV — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($2.95)
DCF$-98.48-3438.2%
Graham Number
Reverse DCF
DDM$1.85-37.2%
EV/EBITDA$32.58+1004.4%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: —
Rev: -4.5% / EPS: —
Default: 9% (no SEC data)

Results

Intrinsic Value / share$-98.48
Current Price$2.95
Upside / Downside-3438.2%
Net Debt (used)$52.54B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-3.0%1.0%5.0%9.0%13.0%
7.0%$-98.48$-98.48$-98.48$-98.48$-98.48
8.0%$-98.48$-98.48$-98.48$-98.48$-98.48
9.0%$-98.48$-98.48$-98.48$-98.48$-98.48
10.0%$-98.48$-98.48$-98.48$-98.48$-98.48
11.0%$-98.48$-98.48$-98.48$-98.48$-98.48

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $-137.95
Yahoo: $2.00

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.
Graham Number
Current Price$2.95
Margin of Safety
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$2.95
Implied Near-term FCF Growth
Historical Revenue Growth-4.5%
Historical Earnings Growth
Base FCF (TTM)
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: $0.09

Results

DDM Intrinsic Value / share$1.85
Current Price$2.95
Upside / Downside-37.2%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $21.42B
Current: 3.3×
Default: $52.54B

Results

Implied Equity Value / share$32.58
Current Price$2.95
Upside / Downside+1004.4%
Implied EV$69.92B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$26.54B$39.54B$52.54B$65.54B$78.54B
-0.7x$-79.25$-103.61$-127.98$-152.34$-176.71
1.3x$1.03$-23.33$-47.70$-72.06$-96.43
3.3x$81.31$56.94$32.58$8.21$-16.15
5.3x$161.59$137.22$112.86$88.49$64.13
7.3x$241.87$217.50$193.14$168.77$144.41