TGM's two-stage DCF values Fortive Corporation (FTV) between $41.37 and $74.46 depending on assumptions, with a base case of $53.11. 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 (9%) reflects its beta.
What would today's price require?
$62.31 is justified only if free cash flow grows about +5.4% 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% | $41.37 |
| Base case | 2.1%/yr | 9.0% | $53.11 |
| Optimistic | 5.1%/yr | 8.0% | $74.46 |
| Third-party model estimate (FMP) | independent reference · retrieved Jul 26, 2026 · assumptions not provided | $57.06 | |
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
$62.31
Market-Implied Growth
+5.4%/yr
vs -7.3% 5Y actual
Model Scenario Range
$41.37 – $74.46
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
$53.11
-14.8% vs $62.31
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 2.1%/yr FCF growth and 10-year horizon fixed. Green = above today's $62.31; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 7.0% | $66.91 | $73.15 | $80.77 | $90.29 | $103 |
| 8.0% | $55.15 | $59.41 | $64.43 | $70.45 | $77.79 |
| 9.0% | $46.53 | $49.59 | $53.11 | $57.21 | $62.06 |
| 10.0% | $39.94 | $42.22 | $44.81 | $47.76 | $51.16 |
| 11.0% | $34.73 | $36.50 | $38.46 | $40.67 | $43.17 |
