TGM's two-stage DCF values Enterprise Products Partners L.P. (EPD) between $26.05 and $65.68 depending on assumptions, with a base case of $41.30. 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?
$37.75 is justified only if free cash flow grows about +10.8% 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 | 9.4%/yr | 8.5% | $26.05 |
| Base case | 12.4%/yr | 7.5% | $41.30 |
| Optimistic | 15.4%/yr | 6.5% | $65.68 |
| Third-party model estimate (FMP) | independent reference · retrieved Aug 8, 2026 · assumptions not provided | $61.34 | |
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
$37.75
Market-Implied Growth
+10.8%/yr
vs +2.6% 5Y actual
Model Scenario Range
$26.05 – $65.68
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 EPD (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 $3.9B · 2.16B shares · net debt $33.3B
Estimated Fair Value
$41.30
+9.4% vs $37.75
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 12.4%/yr FCF growth and 10-year horizon fixed. Green = above today's $37.75; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 5.5% | $58.76 | $68.23 | $80.84 | $98.49 | $125 |
| 6.5% | $43.35 | $49.02 | $56.11 | $65.22 | $77.35 |
| 7.5% | $33.10 | $36.83 | $41.30 | $46.77 | $53.59 |
| 8.5% | $25.79 | $28.41 | $31.45 | $35.05 | $39.36 |
| 9.5% | $20.33 | $22.25 | $24.43 | $26.95 | $29.89 |
