Discounted Cash Flow Calculation for NasdaqCM:TIBR.U using Excess Returns Model Model
The calculations below outline how an intrinsic value for Tiberius Acquisition is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
The current share price of
is above its future cash flow value.
Often investors are willing to pay a
for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
is considered below, and whether this is a fair price.
Price based on past earnings
Tiberius Acquisition's earnings available for a low price, and how does
this compare to other companies in the same industry?
Tiberius Acquisition's earnings are expected to grow significantly at over 20% yearly.
Unable to determine if Tiberius Acquisition is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Tiberius Acquisition's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
has a total score of
1/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Tiberius Acquisition's finances.
The net worth of a company is the difference between its assets and liabilities.
Tiberius Acquisition is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Tiberius Acquisition's long term commitments exceed its cash and other short term assets.
This treemap shows a more detailed breakdown of
Tiberius Acquisition's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Low level of unsold assets.
Debt is not covered by short term assets, assets are 0.1x debt.
Nearly all companies have debt. Debt in itself isn’t
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.
The graphic below shows equity (available funds) and debt, we ideally want to
see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and
whether the level has increased over the past 5 years.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
Mr. Michael Townsend Gray is an Executive Chairman and Chief Executive Officer of Tiberius Acquisition Corp. Mr. Gray serves as President and Director of Gray Insurance Company of Louisiana. He serves as a Vice President and Director of Gray Casualty & Surety Company. He has over 30 years of leadership experience in the insurance industry. He is the principal executive and President of The Gray Insurance Company, a middle-market property and casualty insurance company with an A.M. Best credit rating of ‘A-’. Mr. Gray serves as CEO and Director of The Gray Insurance Company. Mr. Gray became President of The Gray Insurance Company in 1996. In addition to his role at The Gray Insurance Company, Mr. Gray is Chairman of the Board of the Louisiana Insurance Guaranty Association since 2008 (Director since 1995), Director of the American Insurance Association since 2011, Director of the Property Casualty Insurers Association of America since 2010, Director of the Tulane University Family Business Center Advisory Council since 2008 and, from 1999 to 2003, served on the board of directors at the Argo Group International Holdings (Nasdaq: AGII), a global property and casualty, specialty insurance, and reinsurance products provider. Mr. Gray was the Chairman of the Board of Family Security, a personal lines/homeowners insurance company, in which The Gray Insurance Company held an ownership interest from 2013 to 2015. He is Chairman and Chief Executive Officer of the Delta Title Corporation and a Director of the Louisiana Insurance Guaranty Association. Mr. Gray holds a B.A. from Southern Methodist University and an MBA from Tulane University.
Insufficient data for Michael to compare compensation growth.
Insufficient data for Michael to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Executive Chairman & CEO
Chief Financial Officer
Chief Investment Officer & Director
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The average tenure for the Tiberius Acquisition board of directors is less than 3 years, this suggests a new board.
Board of Directors
Executive Chairman & CEO
Chief Investment Officer & Director
Who owns this company?
Recent Insider Trading
No 3 month open market individual insider trading information.
Tiberius Acquisition Corporation does not have significant operations. It intends to acquire one or more businesses through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination. The company was founded in 2015 and is based in Metairie, Louisiana.
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