TGM's two-stage DCF values EnerSys (ENS) between $82.34 and $151.81 depending on assumptions, with a base case of $111.12. 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 (9.9%) reflects its beta.
What would today's price require?
$192.15 is justified only if free cash flow grows about +19.7% a year (fading to 2.5% long-run) at a 9.9% required return — faster than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 4.4%/yr | 10.9% | $82.34 |
| Base case | 7.4%/yr | 9.9% | $111.12 |
| Optimistic | 10.4%/yr | 8.9% | $151.81 |
| Third-party model estimate (FMP) | independent reference · retrieved Aug 7, 2026 · assumptions not provided | $221.02 | |
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
$192.15
Market-Implied Growth
+19.7%/yr
vs +10.2% 5Y actual
Model Scenario Range
$82.34 – $151.81
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 ENS (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 $280.9M · 0.04B shares · net debt $696.3M
Estimated Fair Value
$111.12
-42.2% vs $192.15
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 7.4%/yr FCF growth and 10-year horizon fixed. Green = above today's $192.15; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 7.9% | $137 | $148 | $161 | $176 | $195 |
| 8.9% | $115 | $123 | $132 | $143 | $155 |
| 9.9% | $98.82 | $105 | $111 | $119 | $127 |
| 10.9% | $85.79 | $90.22 | $95.16 | $101 | $107 |
| 11.9% | $75.28 | $78.77 | $82.62 | $86.89 | $91.67 |
