TZOO — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($6.44)
DCF	$11.48	+78.3%
Graham Number	—	—
Reverse DCF	—	implied g: -1.6%
DDM	—	—
EV/EBITDA	$6.91	+7.2%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $5.57M

Near-term growth (yrs 1–5)(%)Rev: 8.7% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 7.88%

Computed WACC: 7.88%

Cost of equity (Re)8.55%(Rf 4.30% + β 0.77 × 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)92.19%

Debt weight (D/V)7.81%

Results

Intrinsic Value / share$13.89

Current Price$6.44

Upside / Downside+115.7%

Net Debt (used)-$4.01M

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

WACC \ Near-term	0.7%	4.7%	8.7%	12.7%	16.7%
7.0%	$11.79	$14.04	$16.65	$19.66	$23.12
8.0%	$9.69	$11.49	$13.58	$15.99	$18.75
9.0%	$8.24	$9.73	$11.46	$13.45	$15.73
10.0%	$7.17	$8.44	$9.91	$11.60	$13.53
11.0%	$6.36	$7.46	$8.73	$10.18	$11.85

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.66

Book Value / share($)Yahoo: $-0.69

Results

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

Graham Number—

Current Price$6.44

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 7.88%

Terminal growth rate(%)

Computed WACC: 7.88%

Cost of equity (Re)8.55%(Rf 4.30% + β 0.77 × 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)92.19%

Debt weight (D/V)7.81%

Results

Current Price$6.44

Implied Near-term FCF Growth-4.5%

Historical Revenue Growth8.7%

Historical Earnings Growth—

Base FCF (TTM)$5.57M

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$6.44

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $7.21M

Target EV/EBITDA multipleCurrent: 9.9×

Net Debt($B)Default: -$4.01M

Results

Implied Equity Value / share$6.91

Current Price$6.44

Upside / Downside+7.2%

Implied EV$71.48M

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

Mult \ Net Debt	-$2.00B	-$1.00B	-$4.01M	$995.99M	$2.00B
5.9x	$187.21	$95.74	$4.27	$-87.20	$-178.68
7.9x	$188.53	$97.06	$5.59	$-85.88	$-177.36
9.9x	$189.85	$98.38	$6.91	$-84.57	$-176.04
11.9x	$191.17	$99.70	$8.22	$-83.25	$-174.72
13.9x	$192.49	$101.02	$9.54	$-81.93	$-173.40

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