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We want to estimate the value of Teladoc Health Inc. (NYSE: TDOC). Teladoc is a new company that does not pay a dividend and the
We want to estimate the value of Teladoc Health Inc. (NYSE: TDOC). Teladoc is a new company that does not pay a dividend and the required return is 8.5%. The free cash flow for TDOC is $202 million and expected to grow at 9%, 8%, and 7% for the next 3 years and then at a constant growth rate of 3%. The outstanding debt for TDOC is $1.2 billion and the number of shares of common stock outstanding is 25 million and there is no preferred stock. What is the estimated stock price today? Without using excel
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