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Valued as a growth company: Discounted cash flow and EV/EBITDA comparison.
ACCE opinionTeladoc Health Inc. Common Stock (TDOC)
Fair value (2 models)
Not available
ACCE price target
$6.00
Rating
Not rated
Horizon
12 months
ACCE price target published on 29 Sept 2026, 00:00 CEST.
Price used: $6.34 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow and EV/EBITDA comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
38
out of 100
Analysts
26% buy
23 covering
P/E
0.0x
forward 303.0x
1-year return
-26.3%
Dividend yield
0.00%
Teladoc Health Inc. Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Teladoc Health provides virtual care, including telehealth visits, chronic condition programmes and mental health services through BetterHelp. Its employer and health plan relationships give it distribution. Growth depends on stabilising BetterHelp and chronic care enrolment. Revenue fell 4.0% with a 69.0% gross margin, but the operating margin is -5.7% and the forward multiple is 303.0x.
⚠ Investor warnings · 4 flagsAI-assisted·How I use AI
high
Revenue decline with margin pressure
Revenue down 4.0% YoY and 1.1% QoQ. Operating margin negative at -5.7% and net margin -7.1%. Company not yet profitable despite high gross margin of 69%.
high
ACCE score collapse
Score fell 10 points in 90 days (47 to 37). Quality subscore 43 and Momentum subscore 39 both weak. Fair value $6.00 vs current price $5.77 offers minimal margin of safety.
moderate
Elevated short interest with insider selling
Short interest 16.7% of float. Insiders sold $0.38M in last 10 disclosures with zero buys. Negative signal on conviction at current levels.
moderate
Negative return on equity
ROE -13.0% indicates the business is destroying shareholder value. Despite $285M FCF, underlying profitability remains challenged.
AI research notes
AI-assisted·How I use AIWritten Oct 11, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Free cash flow yield of 27.2% suggests the market has priced in excessive pessimism about the business.
Analyst consensus price target of $7.59 implies 31.5% upside from current levels of $5.77.
Five-year revenue growth averaged 18.3% annually, showing the core business model has worked historically.
Why it could disappoint
Forward P/E of 303.0x is indefensible even for a growth stock, given revenue declined 4.0% year over year.
Company is unprofitable with negative 7.1% net margin and negative 13.0% return on equity.
Only 26% of analysts rate the stock Buy or Strong Buy, and share count dilution of 3.3% last year erodes existing holders.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Oct 28, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
INVESTOR
Where TDOC's valuation models land
Price
$6.34
Model fair valueConfidence: medium
$7.41
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
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Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
+A plain reason under every score
+Conviction breakdown and growth / value / quality / momentum scores