TGM's two-stage DCF values Corcept Therapeutics Incorporated (CORT) between $36.60 and $67.96 depending on assumptions, with a base case of $49.74. Growth is taken from the company's own record (5-year revenue CAGR (FCF growth too volatile to use) (capped at 18%)), fading to 2.5% long-run; the discount rate (7.5%) reflects its beta.
What would today's price require?
$122.03 is justified only if free cash flow grows about +41.8% 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 | 15.0%/yr | 8.5% | $36.60 |
| Base case | 18.0%/yr | 7.5% | $49.74 |
| Optimistic | 20.0%/yr | 6.5% | $67.96 |
| Third-party model estimate (FMP) | independent reference · retrieved Oct 6, 2026 · assumptions not provided | $50.56 | |
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
$122.03
Market-Implied Growth
+41.8%/yr
vs +19.4% 5Y actual
Model Scenario Range
$36.60 – $67.96
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 CORT (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 $134.3M · 0.11B shares · net cash $115.5M
Estimated Fair Value
$49.74
-59.2% vs $122.03
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 18.0%/yr FCF growth and 10-year horizon fixed. Green = above today's $122.03; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 5.5% | $65.05 | $73.35 | $84.40 | $99.86 | $123 |
| 6.5% | $51.54 | $56.51 | $62.71 | $70.69 | $81.31 |
| 7.5% | $42.56 | $45.82 | $49.74 | $54.52 | $60.49 |
| 8.5% | $36.17 | $38.45 | $41.12 | $44.26 | $48.03 |
| 9.5% | $31.40 | $33.07 | $34.98 | $37.18 | $39.74 |
