TINC stock: fair value
TINC.BRThe fair value of TINC under our model is $14.79, the price is 21% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Significantly undervaluedIn our model the price counts as cheap below $12.32 and expensive above $18.48 (uncertainty low, based on the price swings of the past year).
The two parts of the fair value come to $14.22 (cash-flow model) and $15.36 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 7.7%. At 8.7% the fair value would be $13.51, at 6.7% it would be $16.70.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (14).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 2.7%. Discounted at 7.7% (floor: government bond yield 2.7% plus 5 percentage points, since beta 0.83 times the risk premium would give less); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $14.22 per share: free cash flow for the next ten years, each year discounted to today at 7.7%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 7.7%) |
|---|---|---|---|---|
| 2026 | $17.03M | extrapolated at 41.6% | 0.9289 | $15.82M |
| 2027 | $22.13M | extrapolated at 29.9% | 0.8628 | $19.09M |
| 2028 | $26.95M | extrapolated at 21.8% | 0.8014 | $21.59M |
| 2029 | $31.26M | extrapolated at 16.0% | 0.7444 | $23.27M |
| 2030 | $35.02M | extrapolated at 12.0% | 0.6914 | $24.21M |
| 2031 | $38.25M | extrapolated at 9.2% | 0.6422 | $24.56M |
| 2032 | $41.02M | extrapolated at 7.2% | 0.5965 | $24.47M |
| 2033 | $43.42M | extrapolated at 5.9% | 0.5541 | $24.06M |
| 2034 | $45.55M | extrapolated at 4.9% | 0.5146 | $23.44M |
| 2035 | $47.48M | extrapolated at 4.2% | 0.4780 | $22.7M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $223.22M |
| Terminal value: cash flow 2035 × (1 + 2.7%) / (7.7% − 2.7%) | $974.92M |
| Present value of terminal value (× 0.4780) | $466.04M |
| Equity value (sum plus present value of terminal value) | $689.27M |
| Shares (diluted) | 48.48M |
| Value per share (equity value divided by shares) | $14.22 |
| Earnings per share, last twelve months | $1.10 |
| × 14 (industry P/E) | $15.36 |
| Fair value (average of both parts) | $14.79 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = €0.9024)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 31 Oct 2021)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.