TGM's two-stage DCF values Fortive Corporation (FTV) between $41.76 and $74.80 depending on assumptions, with a base case of $53.35. Growth is taken from the company's own record (blend of 5-year revenue and FCF growth (floored at 2%)), fading to 2.5% long-run; the discount rate (9%) reflects its beta.
What would today's price require?
$55.83 is justified only if free cash flow grows about +2.9% a year (fading to 2.5% long-run) at a 9% required return — faster than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 0.5%/yr | 10.0% | $41.76 |
| Base case | 2.0%/yr | 9.0% | $53.35 |
| Optimistic | 5.0%/yr | 8.0% | $74.80 |
| Third-party model estimate (FMP) | independent reference · retrieved Sep 10, 2026 · assumptions not provided | $56.05 | |
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
$55.83
Market-Implied Growth
+2.9%/yr
vs -5.0% 5Y actual
Model Scenario Range
$41.76 – $74.80
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 FTV (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 $1.2B · 0.30B shares · net debt $2.8B
Estimated Fair Value
$53.35
-4.4% vs $55.83
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 $55.83; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 7.0% | $67.21 | $73.48 | $81.14 | $90.70 | $103 |
| 8.0% | $55.40 | $59.67 | $64.72 | $70.76 | $78.14 |
| 9.0% | $46.74 | $49.81 | $53.35 | $57.47 | $62.34 |
| 10.0% | $40.11 | $42.41 | $45.01 | $47.97 | $51.39 |
| 11.0% | $34.89 | $36.66 | $38.63 | $40.85 | $43.36 |
