TGM's two-stage DCF values Cass Information Systems, Inc. (CASS) between $72.73 and $112.91 depending on assumptions, with a base case of $88.19. 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?
$53.90 is justified only if free cash flow grows about -13.9% 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 | 3.4%/yr | 8.5% | $72.73 |
| Base case | 6.4%/yr | 7.5% | $88.19 |
| Optimistic | 9.4%/yr | 6.5% | $112.91 |
| Third-party model estimate (FMP) | independent reference · retrieved Oct 6, 2026 · assumptions not provided | $62.28 | |
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
$53.90
Market-Implied Growth
-13.9%/yr
vs +6.4% 5Y actual
Model Scenario Range
$72.73 – $112.91
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 CASS (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 $30.7M · 0.01B shares · net cash $391.4M
Estimated Fair Value
$88.19
+63.6% vs $53.90
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 6.4%/yr FCF growth and 10-year horizon fixed. Green = above today's $53.90; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 5.5% | $106 | $115 | $127 | $145 | $171 |
| 6.5% | $90.21 | $95.86 | $103 | $112 | $124 |
| 7.5% | $80.02 | $83.74 | $88.19 | $93.63 | $100 |
| 8.5% | $72.75 | $75.36 | $78.39 | $81.97 | $86.27 |
| 9.5% | $67.31 | $69.22 | $71.40 | $73.91 | $76.83 |
