TGM's two-stage DCF values Fenbo Holdings Limited Ordinary Shares (FEBO) between $0.79 and $1.29 depending on assumptions, with a base case of $0.96. Growth is taken from the company's own record (5-year revenue CAGR (FCF growth too volatile to use) (floored at 2%)), fading to 2.5% long-run; the discount rate (7.5%) reflects its beta.
What would today's price require?
$0.74 is justified only if free cash flow grows about -5.8% 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 | 0.5%/yr | 8.5% | $0.79 |
| Base case | 2.0%/yr | 7.5% | $0.96 |
| Optimistic | 5.0%/yr | 6.5% | $1.29 |
| Third-party model estimate (FMP) | independent reference · retrieved Oct 6, 2026 · assumptions not provided | $0.88 | |
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
$0.74
Market-Implied Growth
-5.8%/yr
vs -10.1% 5Y actual
Model Scenario Range
$0.79 – $1.29
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 FEBO (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 $426112 · 0.01B shares · net cash $2.1M
Estimated Fair Value
$0.96
+30.4% vs $0.74
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 2.0%/yr FCF growth and 10-year horizon fixed. Green = above today's $0.74; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 5.5% | $1.19 | $1.31 | $1.47 | $1.70 | $2.05 |
| 6.5% | $0.99 | $1.06 | $1.15 | $1.27 | $1.43 |
| 7.5% | $0.85 | $0.90 | $0.96 | $1.03 | $1.12 |
| 8.5% | $0.76 | $0.79 | $0.83 | $0.88 | $0.93 |
| 9.5% | $0.69 | $0.71 | $0.74 | $0.77 | $0.81 |
