TGM's two-stage DCF values Abercrombie & Fitch Co. (ANF) between $192.28 and $331.17 depending on assumptions, with a base case of $248.19. 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 (8.7%) reflects its beta.
What would today's price require?
$151.54 is justified only if free cash flow grows about -2.0% a year (fading to 2.5% long-run) at a 8.7% required return — slower than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 8.0%/yr | 9.7% | $192.28 |
| Base case | 11.0%/yr | 8.7% | $248.19 |
| Optimistic | 14.0%/yr | 7.7% | $331.17 |
| Third-party model estimate (FMP) | independent reference · retrieved Sep 8, 2026 · assumptions not provided | $174.58 | |
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
$151.54
Market-Implied Growth
-2.0%/yr
vs +13.8% 5Y actual
Model Scenario Range
$192.28 – $331.17
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 ANF (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 $437.0M · 0.04B shares · net cash $759.5M
Estimated Fair Value
$248.19
+63.8% vs $151.54
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 11.0%/yr FCF growth and 10-year horizon fixed. Green = above today's $151.54; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 6.7% | $305 | $331 | $363 | $405 | $459 |
| 7.7% | $256 | $274 | $295 | $320 | $351 |
| 8.7% | $221 | $234 | $248 | $265 | $285 |
| 9.7% | $195 | $204 | $215 | $227 | $241 |
| 10.7% | $175 | $182 | $189 | $198 | $208 |
