TGM's two-stage DCF values AbbVie Inc. (ABBV) between $141.46 and $287.17 depending on assumptions, with a base case of $190.76. Growth is taken from the company's own record (blend of 5-year revenue and FCF growth (floored at 2%)), fading to 2.5% long-run; the discount rate (7.5%) reflects its beta.
What would today's price require?
$250.12 is justified only if free cash flow grows about +7.4% a year (fading to 2.5% long-run) at a 7.5% required return — faster than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 0.5%/yr | 8.5% | $141.46 |
| Base case | 2.0%/yr | 7.5% | $190.76 |
| Optimistic | 5.0%/yr | 6.5% | $287.17 |
| Third-party model estimate (FMP) | independent reference · retrieved Sep 8, 2026 · assumptions not provided | $132.48 | |
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
$250.12
Market-Implied Growth
+7.4%/yr
vs +0.1% 5Y actual
Model Scenario Range
$141.46 – $287.17
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 ABBV (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 $19.9B · 1.77B shares · net debt $63.1B
Estimated Fair Value
$190.76
-23.7% vs $250.12
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 2.0%/yr FCF growth and 10-year horizon fixed. Green = above today's $250.12; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 5.5% | $257 | $293 | $341 | $409 | $509 |
| 6.5% | $198 | $220 | $247 | $282 | $328 |
| 7.5% | $159 | $174 | $191 | $212 | $238 |
| 8.5% | $131 | $141 | $153 | $167 | $183 |
| 9.5% | $110 | $118 | $126 | $136 | $147 |
