Teladoc Health, Inc. logo
Teladoc Health, Inc. (TDOC)
Compare

Teladoc Health, Inc. (TDOC) DCF Valuation

Why we don't show a single “fair value” for TDOC

Even the conservative scenario ($16.78) sits far above today's price — trailing cash flows may be cyclically elevated. The honest lens is the question below: what growth does today's price actually require? The model scenarios are listed further down for reference.

What would today's price require?

Growth the price assumes-10.7%/yr
Actual revenue growth, last 5 years+13.0%/yr

$7.58 is justified only if free cash flow grows about -10.7% a year (fading to 2.5% long-run) at a 11.5% required return — slower than the company has actually grown.

ScenarioFCF growth (fading to 2.5%)DiscountValue / share
Conservative10.0%/yr12.5%$16.78
Base case13.0%/yr11.5%$21.37
Optimistic16.0%/yr10.5%$27.56
Analyst DCF (FMP)independent reference — different model$17.14

Current Price

$7.58

Market-Implied Growth

-10.7%/yr

vs +13.0% 5Y actual

Base-Case Model Value

$21.37

model output — not a price target

TDOC DCF Fair Value Calculator

Edit the assumptions to see how they change the estimated fair value. Opens seeded with TGM's data-driven base case for TDOC (growth from its own 5-year record, discount from its beta), so the sandbox starts where the scenarios above leave off. Illustrative model — not investment advice.

13%/yr
Historical FCF CAGR: 3Y 4.6% · 5Y 29.5%
11.5%
2.5%
10yr

Base inputs: FCF $238.3M · 0.18B shares · net debt $224.9M

Estimated Fair Value

$30.15

+297.8% vs $7.58

Current price$7.58
Analyst DCF (FMP)$17.14

Sensitivity — fair value by discount rate × terminal growth

How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 13.0%/yr FCF growth and 10-year horizon fixed. Green = above today's $7.58; red = below. Your current case is outlined.

WACC ↓ / Terminal →1.50%2.00%2.50%3.00%3.50%
9.5%$37.45$39.10$40.99$43.16$45.70
10.5%$32.33$33.53$34.87$36.39$38.12
11.5%$28.29$29.17$30.15$31.25$32.49
12.5%$25.01$25.69$26.43$27.24$28.15
13.5%$22.32$22.84$23.41$24.03$24.71

About Teladoc Health, Inc.

Teladoc Health, Inc. offers remote medical services to individuals both domestically in the United States and internationally. Their extensive range of solutions covers a wide array of health needs, from routine and acute conditions to complex and long-term illnesses such as diabetes, hypertension, chronic kidney disease, cancer, congestive heart failure, and various mental health issues. The company delivers numerous programs, including virtual primary and specialized medical care, management for chronic diseases, expert second opinion services, mental wellness support, and core platform and service offerings. They serve a diverse client base, including corporations, health insurance providers, hospitals and healthcare systems, financial service companies, and individual patients. The Teladoc, Livongo, and BetterHelp brands fall under their purview. Founded in 2002, the company, which operated as Teladoc, Inc. until its renaming in August 2018, is based in Purchase, New York.

Purchase, NY
4,620 employees
Healthcare / Medical - Healthcare Information Services
Sector
Healthcare
Industry
Medical - Healthcare Information Services
CEO
Charles Divita