TGM's two-stage DCF values Enact Holdings Inc. (ACT) between $72.94 and $136.86 depending on assumptions, with a base case of $95.63. 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 (7.5%) reflects its beta.
What would today's price require?
$45.87 is justified only if free cash flow grows about -13.6% a year (fading to 2.5% long-run) at a 7.5% required return — slower than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 0.5%/yr | 8.5% | $72.94 |
| Base case | 2.5%/yr | 7.5% | $95.63 |
| Optimistic | 5.5%/yr | 6.5% | $136.86 |
| Third-party model estimate (FMP) | independent reference · retrieved Oct 6, 2026 · assumptions not provided | $79.63 | |
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
$45.87
Market-Implied Growth
-13.6%/yr
vs +3.0% 5Y actual
Model Scenario Range
$72.94 – $136.86
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 ACT (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 $659.1M · 0.14B shares · net debt $162.0M
Estimated Fair Value
$95.63
+108.5% vs $45.87
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 2.5%/yr FCF growth and 10-year horizon fixed. Green = above today's $45.87; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 5.5% | $124 | $140 | $160 | $189 | $232 |
| 6.5% | $98.95 | $108 | $120 | $135 | $155 |
| 7.5% | $82.18 | $88.30 | $95.63 | $105 | $116 |
| 8.5% | $70.21 | $74.50 | $79.50 | $85.40 | $92.47 |
| 9.5% | $61.24 | $64.39 | $67.98 | $72.12 | $76.94 |
