TGM's two-stage DCF values High Tide Inc. (HITI) between $1.97 and $3.54 depending on assumptions, with a base case of $2.68. Growth is taken from the company's own record (5-year revenue CAGR (capped at 18%)), fading to 2.5% long-run; the discount rate (9.5%) reflects its beta.
What would today's price require?
$2.71 is justified only if free cash flow grows about +18.3% a year (fading to 2.5% long-run) at a 9.5% required return — slower than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 15.0%/yr | 10.5% | $1.97 |
| Base case | 18.0%/yr | 9.5% | $2.68 |
| Optimistic | 20.0%/yr | 8.5% | $3.54 |
| Third-party model estimate (FMP) | independent reference · retrieved Oct 6, 2026 · assumptions not provided | $6.71 | |
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
$2.71
Market-Implied Growth
+18.3%/yr
vs +33.8% 5Y actual
Model Scenario Range
$1.97 – $3.54
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 HITI (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 $10.0M · 0.09B shares · net debt $36.6M
Estimated Fair Value
$2.68
-1.2% vs $2.71
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 18.0%/yr FCF growth and 10-year horizon fixed. Green = above today's $2.71; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 7.5% | $3.37 | $3.67 | $4.03 | $4.46 | $5.01 |
| 8.5% | $2.79 | $3.00 | $3.24 | $3.53 | $3.87 |
| 9.5% | $2.35 | $2.51 | $2.68 | $2.88 | $3.11 |
| 10.5% | $2.02 | $2.13 | $2.26 | $2.41 | $2.58 |
| 11.5% | $1.75 | $1.84 | $1.94 | $2.05 | $2.17 |
