Complete TAYD Stock Valuation Analysis
Comprehensive intrinsic value analysis using 6 different methodologies
TAYD DCF Analysis
TAYD (Taylor Devices, Inc.) discounted cash flow analysis with multiple scenarios, growth assumptions, and terminal value calculations
Financial Projections
| Metrics | 2022 (Historical) | 2023 (Historical) | 2024 (Historical) | 2025 (Projected) | 2026 (Projected) | 2027 (Projected) | 2028 (Projected) | 2029 (Projected) |
|---|---|---|---|---|---|---|---|---|
| Revenue | $30.9M | $40.2M | $44.6M | $53.0M | $61.9M | $71.3M | $81.1M | $91.1M |
| Revenue Growth % | - | 30.2% | 10.9% | 18.8% | 16.9% | 15.2% | 13.7% | 12.3% |
| EBIT | $2.5M | $6.8M | $9.5M | $8.2M | $9.6M | $11.1M | $12.7M | $14.4M |
| EBIT Margin % | 8.0% | 16.9% | 21.3% | 15.4% | 15.5% | 15.6% | 15.7% | 15.8% |
| Tax Rate % | 12.4% | 16.2% | 17.6% | 11.5% | 12.9% | 14.2% | 15.6% | 16.9% |
| NOPAT | $2.2M | $5.7M | $7.8M | $7.2M | $8.4M | $9.6M | $10.8M | $12.0M |
| NOPAT Margin % | 7.0% | 14.2% | 17.5% | 13.6% | 13.5% | 13.4% | 13.3% | 13.1% |
| Capex | $1.4M | $3.4M | $1.4M | $2.9M | $3.3M | $3.6M | $3.8M | $4.1M |
| Capex / Revenue % | 4.5% | 8.4% | 3.3% | 5.5% | 5.3% | 5.0% | 4.7% | 4.5% |
| Depreciation | $1.3M | $1.5M | $1.7M | $2.1M | $2.4M | $2.8M | $3.2M | $3.6M |
| D&A / Revenue % | 4.4% | 3.7% | 3.8% | 3.9% | 3.9% | 3.9% | 3.9% | 3.9% |
| Change in NWC | $3.0M | $4.6M | $349.5K | $1.5M | $1.4M | $1.3M | $1.1M | $1.0M |
| NWC Change / Revenue % | 9.8% | 11.4% | 0.8% | 2.8% | 2.2% | 1.8% | 1.4% | 1.1% |
| Unlevered FCF | $-913.0K | $-758.9K | $7.7M | $4.9M | $6.2M | $7.5M | $9.0M | $10.4M |
| UFCF % Chg. | - | 16.9% | 1115.9% | -36.2% | 25.8% | 21.9% | 18.8% | 16.3% |
| FCF / Revenue % | -3.0% | -1.9% | 17.3% | 9.3% | 10.0% | 10.6% | 11.1% | 11.4% |
| Discount Factor | - | - | - | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 |
| Present Value of FCF | - | - | - | $4.6M | $5.3M | $6.0M | $6.6M | $7.1M |
| Sum of PV of UFCF | - | - | - | $4.6M | $9.9M | $15.8M | $22.4M | $29.5M |
WACC Calculation
Weighted Average Cost of Capital used for discounting cash flows.
| WACC Calculation | Value |
|---|---|
| Cost of Debt | 7.3% |
| Tax Rate | 11.5% |
| After Tax Cost of Debt | 6.5% |
| Risk Free Rate | 4.35% |
| Market Risk Premium | 4.3% |
| Beta | 0.84 |
| Cost of Equity | 8.0% |
| Total Debt | $0 |
| Market Cap | $139.5M |
| Total Capital | $139.5M |
| Debt Weighting | 0.0% |
| Equity Weighting | 100.0% |
| WACC | 8.0% |
Terminal Value
Choose between perpetuity growth or exit multiple methods.
| Terminal Value Calculation | Value |
|---|---|
| Terminal Growth Rate | 2.5% |
| Final Year FCF | $10.4M |
| Terminal Value | $194.3M |
| PV of Terminal Value | $132.2M |
| Cumulative PV of UFCF | $29.5M |
| Net Debt | $-2.8M |
| Equity Value | $164.6M |
| Shares Outstanding | 3.5M |
| Implied Share Price | $47 |
| Current Share Price | $44 |
| Implied Upside/(Downside) | +6.1% |
Valuation Summary
$47.18
Implied Price
$44.46
Current Price
+6.1%
Upside/Downside
8.0%
WACC
TAYD Peer Valuation Analysis
Relative valuation based on comparable company trading multiples
Peer Valuation Analysis
Fair Value Range Analysis
Based on median multiples from 6 peer companies in Industrials
P/E Ratio
$44.46
+0.0%
Peer Median: 16.8x
EV/EBITDA
$43.01
-3.3%
Peer Median: 13.9x
P/S Ratio
$14.69
-67.0%
Peer Median: 1.2x
Interpretation: Each multiple provides a different perspective on fair value. Consider which multiple is most relevant for TAYD's business model and current situation.
Multiple Comparison
| Multiple | TAYD Current | Peer Median | Peer Average | Premium/Discount | Assessment |
|---|---|---|---|---|---|
| P/E Ratio | 16.8x | 16.8x | 14.6x | 0.0% | Fair Value |
| EV/EBITDA | 14.1x | 13.9x | 11.2x | 1.3% | Fair Value |
| P/S Ratio | 3.7x | 1.2x | 1.7x | 202.6% | Overvalued |
Peer Companies
Click any company to view their valuation
| Company | Market Cap | P/E Ratio | EV/EBITDA | P/S Ratio |
|---|---|---|---|---|
| $0.26B | 7.0x | 11.7x | 0.5x | |
| $0.15B | 0.0x | 0.0x | 0.0x | |
| $0.14B | 16.8x | 14.1x | 3.7x | |
| $0.12B | 0.0x | 13.9x | 0.3x | |
| $0.19B | 21.4x | 8.6x | 1.2x | |
| $91.89B | 27.7x | 19.1x | 4.6x |
TAYD Graham Number
Benjamin Graham's conservative valuation formula for defensive investors
Input Data
| EPS (TTM) | $2.64 | Latest 10-K |
| Book Value per Share | $14.69 | Latest 10-K Balance Sheet |
| Graham Constant | 22.5 | Benjamin Graham's formula |
Graham Number Result
$29.53
Intrinsic Value
$44.46
Current Price
-33.6%
Upside/Downside
Confidence: High
Conservative value investing approach
Calculation Breakdown
Formula:
√(22.5 × EPS × BVPS)
Step 1: Multiply constant by EPS
22.5 × 2.64 = 59.38
Step 2: Multiply by Book Value per Share
59.38 × 14.69 = 872.20
Step 3: Take square root
√872.20 = 29.53
Graham Number Result:
$29.53
TAYD Graham Intrinsic Value
Growth-adjusted intrinsic value with two formula variants
Formula Selection
V = EPS × (8.5 + 2g)
Graham's original P/E shortcut for growth, no interest-rate adjustment
V = [EPS × (8.5 + 2g) × 4.4] / Y
Graham's 1974 refinement: adds rate-environment sensitivity
Active Formula: Base-Growth
2.64 × (8.5 + 2 × 107.5%)
Input Data & Growth Assumptions
Current EPS (TTM)$2.64
Latest 10-K • 2024-05-31T00:00:00
Historical 3Y107.5%
Financial statements
Historical 5Y29.7%
Financial statements
Custom
%
Enter a positive growth rate estimate (0-50%)
Graham Intrinsic Value Result
$589.78
Intrinsic Value
$44.46
Current Price
+1226.5%
Upside/Downside
Base Formula
Growth: 107.5%
TAYD Peter Lynch Fair Value
Growth-based valuation using PEG ratio analysis for growth stocks
Fair Value Calculation
EPS (TTM)$2.64
Latest 10-K • 2024-05-31T00:00:00
Historical 3Y107.5%
3-year earnings growth
Historical 5Y29.7%
5-year earnings growth
107.5%
1%50%
Fair Value Formula: EPS × Growth Rate
$2.64 × 107.5% = $283.68
$283.68
Fair Value
$44.46
Current Price
+538.0%
Upside/Downside
PEG Analysis
16.8x
Current P/E
107.5%
Growth Rate
0.16
PEG Ratio (P/E ÷ Growth Rate)
Significantly Undervalued
PEG Ratio Interpretation:
• PEG < 1.0: Undervalued (growth exceeds P/E)
• PEG = 1.0: Fairly valued (ideal Lynch ratio)
• PEG > 1.5: Overvalued (paying premium for growth)
Peter Lynch's Rule:
"The P/E ratio of any company that's fairly priced will equal its growth rate." A stock with 15% growth should trade at a P/E of 15 (PEG = 1.0).
TAYD Earnings Power Value (EPV)
Normalized earnings-based valuation for sustainable earning power assessment
Earnings Normalization
| Earnings Component | Amount ($B) | Description |
|---|---|---|
| Reported Earnings | 0.0 | Base earnings from financial statements |
| Normalized Earnings | 0.0 | Final normalized earning power |
One-time Items: Remove non-recurring gains/losses
Cyclical Adjustment: Normalize for economic cycle position
EPV Result
$28.30
EPV per Share
$44.46
Current Price
-36.3%
Upside/Downside
9.1%
WACC: 9.1% (calculated from market data)
Confidence: High
Normalized earnings approach
EPV Calculation Breakdown
Enterprise Value Calculation
| Normalized Earnings | $0.0B |
| Cost of Capital | 9.1% |
| Enterprise Value | $0.1B |
Per Share Value
| Enterprise Value | $0.1B |
| Shares Outstanding | 0.0B |
| EPV per Share | $28.30 |
WACC Components
| Cost of Equity | 9.1% |
| After-Tax Cost of Debt | 3.5% |
| Equity Weight | 100.0% |
| Debt Weight | 0.0% |
| WACC | 9.1% |