| Intrinsic Valuation of: TLN | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 10 | Market Cap | $13B | |||||
| 2021 | - | - (-) | P/E Ratio | 28 | Total Asset | $6B | |||||
| 2022 | $-59M | - (-) | Net Income | $998M | Total Debt | $3B | |||||
| 2023 | $-518M | -778.0% (-787.9%) | EBITDA | $2B | Total Liab | $5B | |||||
| 2024 | $-125M | 75.9% (82.2%) | Opr Margin | 0.08 | Debt/Equity | 2.15 | |||||
| 2025 | $67M | 153.6% (162.4%) | PreTax Margin | -3.52 | BV/Share | 30 | |||||
| 5Y Average FCF | $-159M | -182.8% (-181.1%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.5% | Historical US Bond Yield: | 4.4% | ||||||||
| Discount Rate (WACC): | 7.4% | Current US Bond Yield: | 3.5% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (4.0%) | ||||||||||
| 2026 | $70M | MBG Intrinsic Value | $88 | ||||||||
| 2027 | $72M | ||||||||||
| 2028 | $75M | ||||||||||
| 2029 | $78M | ||||||||||
| 2030 | $82M | ||||||||||
| 2031 | $85M | ||||||||||
| Terminal Value | $2B | Net Worth/Share | $30 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $2B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $328M | $-25 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $3B | WACC | 7.3% | -29 | -27 | -25 | -22 | -18 | |||
| Equity Value | $-1B | 7.4% | -30 | -27 | -25 | -22 | -18 | ||||
| Shares Outstanding | 45,509,800 | 7.4% | -30 | -28 | -25 | -22 | -19 | ||||
| 7.9% | -32 | -30 | -28 | -26 | -23 | ||||||
| DCF Intrinsic Value | $-25 | 8.4% | -34 | -33 | -31 | -29 | -27 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||