TGM's two-stage DCF values Boston Scientific Corporation (BSX) between $29.70 and $64.48 depending on assumptions, with a base case of $43.09. 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?
$44.11 is justified only if free cash flow grows about +15.0% a year (fading to 2.5% long-run) at a 7.5% required return — about in line with its track record.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 11.5%/yr | 8.5% | $29.70 |
| Base case | 14.5%/yr | 7.5% | $43.09 |
| Optimistic | 17.5%/yr | 6.5% | $64.48 |
| Third-party model estimate (FMP) | independent reference · retrieved Sep 13, 2026 · assumptions not provided | $87.26 | |
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
$44.11
Market-Implied Growth
+15.0%/yr
vs +15.6% 5Y actual
Model Scenario Range
$29.70 – $64.48
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 BSX (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 $2.2B · 1.49B shares · net debt $9.8B
Estimated Fair Value
$43.09
-2.3% vs $44.11
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 14.5%/yr FCF growth and 10-year horizon fixed. Green = above today's $44.11; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 5.5% | $58.51 | $66.88 | $78.02 | $93.61 | $117 |
| 6.5% | $44.90 | $49.91 | $56.17 | $64.21 | $74.93 |
| 7.5% | $35.84 | $39.14 | $43.09 | $47.91 | $53.94 |
| 8.5% | $29.39 | $31.70 | $34.39 | $37.56 | $41.36 |
| 9.5% | $24.58 | $26.27 | $28.19 | $30.41 | $33.00 |