TWIN — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($17.53)
DCF	$-14608382416865.31	-83333613330763.5%
Graham Number	$20.92	+19.3%
Reverse DCF	—	—
DDM	$3.30	-81.2%
EV/EBITDA	$17.58	+0.3%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$15.66M

Near-term growth (yrs 1–5)(%)Rev: 0.3% / EPS: 2239.0%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.35%

Computed WACC: 6.35%

Cost of equity (Re)8.03%(Rf 4.30% + β 0.68 × 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)79.07%

Debt weight (D/V)20.93%

Results

Intrinsic Value / share$-30705817573443.88

Current Price$17.53

Upside / Downside-175161537783579.1%

Net Debt (used)$52.02M

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

WACC \ Near-term	2231.0%	2235.0%	2239.0%	2243.0%	2247.0%
7.0%	$-24460552303736.15	$-24671145569534.91	$-24883186827324.45	$-25096683531353.09	$-25311643161408.29
8.0%	$-18422426577108.54	$-18581034564624.04	$-18740733105033.46	$-18901527812492.23	$-19063424320390.51
9.0%	$-14360262801876.06	$-14483897566934.78	$-14608382416865.31	$-14733721727896.10	$-14859919891249.05
10.0%	$-11473873328107.61	$-11572657706344.71	$-11672121303775.63	$-11772267617014.02	$-11873100154653.29
11.0%	$-9340526425786.17	$-9420943741566.97	$-9501913988745.71	$-9583440013807.69	$-9665524672990.63

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.52

Book Value / share($)Yahoo: $12.79

Results

Graham Number$20.92

Current Price$17.53

Margin of Safety+19.3%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.35%

Terminal growth rate(%)

Computed WACC: 6.35%

Cost of equity (Re)8.03%(Rf 4.30% + β 0.68 × 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)79.07%

Debt weight (D/V)20.93%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$17.53

Implied Near-term FCF Growth—

Historical Revenue Growth0.3%

Historical Earnings Growth2239.0%

Base FCF (TTM)-$15.66M

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: $0.16

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$3.30

Current Price$17.53

Upside / Downside-81.2%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $25.32M

Target EV/EBITDA multipleCurrent: 12.1×

Net Debt($B)Default: $52.02M

Results

Implied Equity Value / share$17.58

Current Price$17.53

Upside / Downside+0.3%

Implied EV$305.49M

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

Mult \ Net Debt	-$1.95B	-$947.99M	$52.02M	$1.05B	$2.05B
8.1x	$149.23	$79.89	$10.55	$-58.79	$-128.13
10.1x	$152.74	$83.40	$14.06	$-55.28	$-124.62
12.1x	$156.26	$86.92	$17.58	$-51.76	$-121.10
14.1x	$159.77	$90.43	$21.09	$-48.25	$-117.59
16.1x	$163.28	$93.94	$24.60	$-44.74	$-114.08

← Overview Financial Statements ← Companies