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Intrinsic Value

TUCOWS INC /PA/ · TCX

DCF

Conservative

More adverse but historically defensible assumptions.

-$29.62

Base

The model's central intrinsic-value estimate.

-$91.37

Optimistic

More favorable but historically defensible assumptions.

-$177.66

Scenarios are the same model run under different but historically defensible assumptions. They are not price targets. Where a valuation gap is shown it is a comparison with a recent close, not a forecast return; where the price is stale, no gap is shown at all.

Model confidence: 75%Valuation as of Sep 21, 2026Latest filing used Mar 12, 2026

Confidence reflects data completeness, accounting quality, and model reliability. It is not a probability of future price.

Valuation drivers
Normalized operating margin
-15.9%
Normalized NOPAT margin
-9.7%
Revenue growth
5.5%
WACC
8.07%
Terminal growth
2.50%
Reinvestment method
capital turnover
Terminal-value share
49.5%
Model notes (3)
  • Interest-bearing debt unavailable
  • Minority interest not reported
  • Preferred equity not reported
Model details
Normalization
V1
Scenario
V2
Confidence
V1
Engine version
valuation-1.0.1-share-units-terminal
Data snapshot
filed:2026-03-12