TGM's two-stage DCF values BioMarin Pharmaceutical Inc. (BMRN) between $34.64 and $64.27 depending on assumptions, with a base case of $46.04. Growth is taken from the company's own record (5-year revenue CAGR (FCF growth too volatile to use)), fading to 2.5% long-run; the discount rate (7.5%) reflects its beta.
What would today's price require?
$57.54 is justified only if free cash flow grows about +18.1% 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 | 9.2%/yr | 8.5% | $34.64 |
| Base case | 12.2%/yr | 7.5% | $46.04 |
| Optimistic | 15.2%/yr | 6.5% | $64.27 |
| Third-party model estimate (FMP) | independent reference · retrieved Oct 6, 2026 · assumptions not provided | $6.51 | |
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
$57.54
Market-Implied Growth
+18.1%/yr
vs +12.2% 5Y actual
Model Scenario Range
$34.64 – $64.27
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 BMRN (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 $265.2M · 0.19B shares · net cash $705.8M
Estimated Fair Value
$46.04
-20.0% vs $57.54
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 12.2%/yr FCF growth and 10-year horizon fixed. Green = above today's $57.54; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 5.5% | $59.08 | $66.16 | $75.58 | $88.76 | $109 |
| 6.5% | $47.57 | $51.81 | $57.11 | $63.91 | $72.98 |
| 7.5% | $39.91 | $42.70 | $46.04 | $50.12 | $55.22 |
| 8.5% | $34.45 | $36.41 | $38.68 | $41.37 | $44.59 |
| 9.5% | $30.37 | $31.80 | $33.44 | $35.32 | $37.51 |
