TXMD — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($2.24)
DCF	$-17.67	-888.9%
Graham Number	$0.73	-67.4%
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$1.39M

Near-term growth (yrs 1–5)(%)Rev: 43.3% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.76%

Computed WACC: 5.76%

Cost of equity (Re)7.18%(Rf 4.30% + β 0.52 × ERP 5.50%)

Cost of debt (Rd)0.15%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)80.00%

Debt weight (D/V)20.00%

Results

Intrinsic Value / share$-40.62

Current Price$2.24

Upside / Downside-1913.4%

Net Debt (used)-$632,000

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

WACC \ Near-term	35.3%	39.3%	43.3%	47.3%	51.3%
7.0%	$-20.96	$-24.19	$-27.81	$-31.85	$-36.35
8.0%	$-16.42	$-18.94	$-21.77	$-24.92	$-28.43
9.0%	$-13.32	$-15.36	$-17.64	$-20.19	$-23.02
10.0%	$-11.08	$-12.77	$-14.66	$-16.76	$-19.11
11.0%	$-9.40	$-10.82	$-12.41	$-14.19	$-16.17

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.01

Book Value / share($)Yahoo: $2.37

Results

Graham Number$0.73

Current Price$2.24

Margin of Safety-67.4%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.76%

Terminal growth rate(%)

Computed WACC: 5.76%

Cost of equity (Re)7.18%(Rf 4.30% + β 0.52 × ERP 5.50%)

Cost of debt (Rd)0.15%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)80.00%

Debt weight (D/V)20.00%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$2.24

Implied Near-term FCF Growth—

Historical Revenue Growth43.3%

Historical Earnings Growth—

Base FCF (TTM)-$1.39M

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$2.24

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$1.32M

Target EV/EBITDA multipleCurrent: -19.3×

Net Debt($B)Default: -$632,000

Results

Implied Equity Value / share$2.26

Current Price$2.24

Upside / Downside+0.9%

Implied EV$25.53M

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