Team, Inc.

TISI

IndustrialsSpecialty Business ServicesNYSE

$17.29

Market Cap: $79.04M

Team, Inc. (TISI) Valuation Summary

Updated May 11, 2026 13:20

Model	Range	Fair Value	Upside
▸ Discounted Cash Flow
Revenue DCF 5Y	$1.83 – $229.79	$44.59	+157.9%
Revenue DCF 10Y	$1.13 – $267.37	$71.00	+310.6%
▸ Trading Multiples
EV/Revenue	$7.96 – $1,129.60	$68.80	+297.9%

Valuation History

DCF Analysis

Team, Inc. (TISI) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$71.00

Market Price

$17.29

Upside / Downside

+310.6%

Verdict

Undervalued

Using a Revenue DCF model with operating margin convergence from 1.7% to a target of 10.3% over 5 years, discounted at a WACC of 11.5%, Team, Inc. (TISI) has an intrinsic value of $71.00 per share (range: $1.13 – $267.37).

Key Assumptions

Current Operating Margin

1.7%

Target Operating Margin

10.3%

WACC

11.5%

Terminal Growth Rate

4.0%

Historical CapEx/Rev

1.7%

Target CapEx/Rev

6.7%

D&A/Revenue

4.4%

Tax Rate

21.0%

Operating margin fades linearly from the current level to the industry target over the 5-year projection. CapEx intensity fades from the historical average to a maintenance level (D&A × 1.5). Tax is only applied when operating income is positive (NOL shield).

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	924	3.1%	3.5%	32	25	41	(20)	33	13	12
2027	1,259	36.3%	5.2%	65	51	56	(34)	80	-7	-6
2028	1,173	-6.9%	6.9%	81	64	52	(37)	-21	99	75
2029	865	-26.2%	8.6%	74	59	38	(32)	-74	139	95
2030	908	5.0%	10.3%	94	74	40	(38)	10	66	40
2031	1,016	11.9%	10.3%	105	83	45	(47)	26	54	30
2032	1,047	3.0%	10.3%	108	85	46	(54)	7	70	35
2033	1,079	3.0%	10.3%	111	88	48	(61)	8	67	30
2034	1,112	3.0%	10.3%	115	90	49	(68)	8	64	25
2035	1,145	3.0%	10.3%	118	93	51	(76)	8	60	21

Enterprise Value Bridge

Sum of PV(FCFF)357

Terminal Value (Gordon Growth at 4.0%)827

PV of Terminal Value294

Enterprise Value651

(–) Net Debt331

Equity Value320

(÷) Shares Outstanding5

Fair Value per Share$71.00

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.3%	7.3%	10.3%	13.3%	16.3%
9.5%	$-30	$44	$119	$193	$267
10.5%	$-34	$29	$91	$154	$216
11.5%	$-36	$17	$71	$125	$178
12.5%	$-39	$8	$55	$102	$149
13.5%	$-41	$1	$43	$84	$126

Current price: $17.29. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 23.9% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Team, Inc. (TISI) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$44.59

Market Price

$17.29

Upside / Downside

+157.9%

Verdict

Undervalued

Using a Revenue DCF model with operating margin convergence from 1.7% to a target of 10.3% over 5 years, discounted at a WACC of 11.5%, Team, Inc. (TISI) has an intrinsic value of $44.59 per share (range: $1.83 – $229.79).

Key Assumptions

Current Operating Margin

1.7%

Target Operating Margin

10.3%

WACC

11.5%

Terminal Growth Rate

4.0%

Historical CapEx/Rev

1.7%

Target CapEx/Rev

6.7%

D&A/Revenue

4.4%

Tax Rate

21.0%

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	924	3.1%	3.5%	32	25	41	(25)	33	8	8
2027	1,259	36.3%	5.2%	65	51	56	(46)	80	-19	-16
2028	1,173	-6.9%	6.9%	81	64	52	(55)	-21	82	62
2029	865	-26.2%	8.6%	74	59	38	(49)	-74	122	83
2030	908	5.0%	10.3%	94	74	40	(60)	10	44	27

Enterprise Value Bridge

Sum of PV(FCFF)163

Terminal Value (Gordon Growth at 4.0%)602

PV of Terminal Value369

Enterprise Value532

(–) Net Debt331

Equity Value201

(÷) Shares Outstanding5

Fair Value per Share$44.59

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.3%	7.3%	10.3%	13.3%	16.3%
9.5%	$-58	$14	$86	$158	$230
10.5%	$-59	$2	$62	$123	$183
11.5%	$-59	$-7	$45	$97	$148
12.5%	$-60	$-14	$31	$77	$122
13.5%	$-60	$-20	$20	$61	$101

Current price: $17.29. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 23.9% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Trading Multiples

Fair Value

$68.80

Market Price

$17.29

Upside / Downside

+297.9%

Verdict

Undervalued

Using the industry peer median EV/Revenue multiple (trailing + forward), Team, Inc. (TISI) has a fair value of $68.80 based on 8 comparable companies in the Specialty Business Services industry.

EV/Revenue Valuation — Specialty Business Services

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
Team, Inc.TISI	78	0.5x	0.3x
Shimmick Corporation Common StockSHIM	206	0.4x	0.4x
INNOVATE Corp.VATE	173	0.6x	0.5x
DLH Holdings Corp.DLHC	84	0.7x	0.6x
RYTHM, Inc.RYM	56	6.0x	1.3x
Heidmar Maritime Holdings Corp.HMR	48	0.5x	0.6x
Odyssey Marine Exploration, Inc.OMEX	38	111.6x	1.4x
High-Trend International GroupHTCO	32	0.1x	—
Dragonfly Energy Holdings Corp.DFLI	1	0.3x	0.3x
Industry Median		0.6x	0.6x
(*) Revenue		896	1,259
= Enterprise Value		519	763
(-) Net Debt		331	331
Equity Value		188	431
(/) Outstanding shares		5	5
Fair Price		$42	$96

Selected Fair Value (avg of trailing + forward)

$68.80

+297.9%

Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.

Model

Range

Fair Value

Upside

▸ Discounted Cash Flow

Revenue DCF 5Y

$1.83 – $229.79

$44.59

+157.9%

Revenue DCF 10Y

$1.13 – $267.37

$71.00

+310.6%

▸ Trading Multiples

EV/Revenue

$7.96 – $1,129.60

$68.80

+297.9%

DCF Analysis

Team, Inc. (TISI) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$71.00

Market Price

$17.29

Upside / Downside

+310.6%

Verdict

Undervalued

Key Assumptions

Current Operating Margin

1.7%

Target Operating Margin

10.3%

WACC

11.5%

Terminal Growth Rate

4.0%

Historical CapEx/Rev

1.7%

Target CapEx/Rev

6.7%

D&A/Revenue

4.4%

Tax Rate

21.0%

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	924	3.1%	3.5%	32	25	41	(20)	33	13	12
2027	1,259	36.3%	5.2%	65	51	56	(34)	80	-7	-6
2028	1,173	-6.9%	6.9%	81	64	52	(37)	-21	99	75
2029	865	-26.2%	8.6%	74	59	38	(32)	-74	139	95
2030	908	5.0%	10.3%	94	74	40	(38)	10	66	40
2031	1,016	11.9%	10.3%	105	83	45	(47)	26	54	30
2032	1,047	3.0%	10.3%	108	85	46	(54)	7	70	35
2033	1,079	3.0%	10.3%	111	88	48	(61)	8	67	30
2034	1,112	3.0%	10.3%	115	90	49	(68)	8	64	25
2035	1,145	3.0%	10.3%	118	93	51	(76)	8	60	21

Enterprise Value Bridge

Sum of PV(FCFF)357

Terminal Value (Gordon Growth at 4.0%)827

PV of Terminal Value294

Enterprise Value651

(–) Net Debt331

Equity Value320

(÷) Shares Outstanding5

Fair Value per Share$71.00

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.3%	7.3%	10.3%	13.3%	16.3%
9.5%	$-30	$44	$119	$193	$267
10.5%	$-34	$29	$91	$154	$216
11.5%	$-36	$17	$71	$125	$178
12.5%	$-39	$8	$55	$102	$149
13.5%	$-41	$1	$43	$84	$126

Current price: $17.29. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 23.9% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Trading Multiples

Fair Value

$68.80

Market Price

$17.29

Upside / Downside

+297.9%

Verdict

Undervalued

Using the industry peer median EV/Revenue multiple (trailing + forward), Team, Inc. (TISI) has a fair value of $68.80 based on 8 comparable companies in the Specialty Business Services industry.

EV/Revenue Valuation — Specialty Business Services

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
Team, Inc.TISI	78	0.5x	0.3x
Shimmick Corporation Common StockSHIM	206	0.4x	0.4x
INNOVATE Corp.VATE	173	0.6x	0.5x
DLH Holdings Corp.DLHC	84	0.7x	0.6x
RYTHM, Inc.RYM	56	6.0x	1.3x
Heidmar Maritime Holdings Corp.HMR	48	0.5x	0.6x
Odyssey Marine Exploration, Inc.OMEX	38	111.6x	1.4x
High-Trend International GroupHTCO	32	0.1x	—
Dragonfly Energy Holdings Corp.DFLI	1	0.3x	0.3x
Industry Median		0.6x	0.6x
(*) Revenue		896	1,259
= Enterprise Value		519	763
(-) Net Debt		331	331
Equity Value		188	431
(/) Outstanding shares		5	5
Fair Price		$42	$96

Selected Fair Value (avg of trailing + forward)

$68.80

+297.9%