TGM's two-stage DCF values Comcast Corporation (CMCSA) between $41.00 and $105.41 depending on assumptions, with a base case of $65.79. 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?
$22.30 is justified only if free cash flow grows about -9.0% 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 | 2.4%/yr | 8.5% | $41.00 |
| Base case | 5.4%/yr | 7.5% | $65.79 |
| Optimistic | 8.4%/yr | 6.5% | $105.41 |
| Third-party model estimate (FMP) | independent reference · retrieved Jul 25, 2026 · assumptions not provided | $363.51 | |
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
$22.30
Market-Implied Growth
-9.0%/yr
vs +8.1% 5Y actual
Model Scenario Range
$41.00 – $105.41
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 CMCSA (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 $14.2B · 3.55B shares · net debt $95.6B
Estimated Fair Value
$65.79
+195.0% vs $22.30
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 5.4%/yr FCF growth and 10-year horizon fixed. Green = above today's $22.30; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 5.5% | $93.46 | $108 | $128 | $157 | $198 |
| 6.5% | $69.01 | $78.03 | $89.30 | $104 | $123 |
| 7.5% | $52.73 | $58.67 | $65.79 | $74.48 | $85.33 |
| 8.5% | $41.11 | $45.28 | $50.13 | $55.85 | $62.71 |
| 9.5% | $32.41 | $35.46 | $38.95 | $42.96 | $47.64 |
