TGM's two-stage DCF values Boston Scientific Corporation (BSX) between $32.93 and $70.86 depending on assumptions, with a base case of $47.53. 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?
$46.73 is justified only if free cash flow grows about +16.2% 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 | 13.6%/yr | 8.5% | $32.93 |
| Base case | 16.6%/yr | 7.5% | $47.53 |
| Optimistic | 19.6%/yr | 6.5% | $70.86 |
| Third-party model estimate (FMP) | independent reference · retrieved Jul 31, 2026 · assumptions not provided | $99.24 | |
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
$46.73
Market-Implied Growth
+16.2%/yr
vs +19.9% 5Y actual
Model Scenario Range
$32.93 – $70.86
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 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
$47.53
+1.7% vs $46.73
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 16.6%/yr FCF growth and 10-year horizon fixed. Green = above today's $46.73; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 5.5% | $64.47 | $73.65 | $85.88 | $103 | $129 |
| 6.5% | $49.52 | $55.02 | $61.89 | $70.72 | $82.48 |
| 7.5% | $39.58 | $43.20 | $47.53 | $52.82 | $59.43 |
| 8.5% | $32.51 | $35.04 | $37.99 | $41.47 | $45.64 |
| 9.5% | $27.23 | $29.08 | $31.19 | $33.63 | $36.46 |
