TGM's two-stage DCF values Agilent Technologies, Inc. (A) between $43.08 and $73.81 depending on assumptions, with a base case of $55.43. Growth is taken from the company's own record (blend of 5-year revenue and FCF growth), fading to 2.5% long-run; the discount rate (10.2%) reflects its beta.
What would today's price require?
$146.85 is justified only if free cash flow grows about +26.6% a year (fading to 2.5% long-run) at a 10.2% required return — faster than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 0.5%/yr | 11.2% | $43.08 |
| Base case | 3.1%/yr | 10.2% | $55.43 |
| Optimistic | 6.1%/yr | 9.2% | $73.81 |
| Third-party model estimate (FMP) | independent reference · retrieved Sep 9, 2026 · assumptions not provided | $71.80 | |
The FMP figure is a third-party point estimate. Its cash-flow forecast, discount rate, terminal growth, and valuation date are not included in the stored response, so TGMCharts presents it only as a reference—not as an intrinsic-value conclusion or price target.
Current Price
$146.85
Market-Implied Growth
+26.6%/yr
vs +2.5% 5Y actual
Model Scenario Range
$43.08 – $73.81
model output — not a price target
Edit the assumptions to see how they change the estimated fair value. Opens seeded with TGM's data-driven base case for A (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.
Base inputs: FCF $1.3B · 0.28B shares · net debt $1.6B
Estimated Fair Value
$55.43
-62.3% vs $146.85
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 3.1%/yr FCF growth and 10-year horizon fixed. Green = above today's $146.85; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 8.2% | $66.86 | $71.49 | $76.92 | $83.38 | $91.21 |
| 9.2% | $57.37 | $60.72 | $64.57 | $69.03 | $74.27 |
| 10.2% | $50.07 | $52.59 | $55.43 | $58.67 | $62.38 |
| 11.2% | $44.27 | $46.22 | $48.40 | $50.83 | $53.58 |
| 12.2% | $39.56 | $41.11 | $42.81 | $44.70 | $46.80 |