TGM's two-stage DCF values HireQuest, Inc. (HQI) between $14.97 and $25.24 depending on assumptions, with a base case of $19.22. 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 (9.8%) reflects its beta.
What would today's price require?
$19.45 is justified only if free cash flow grows about +14.0% a year (fading to 2.5% long-run) at a 9.8% required return — faster than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 10.7%/yr | 10.8% | $14.97 |
| Base case | 13.7%/yr | 9.8% | $19.22 |
| Optimistic | 16.7%/yr | 8.8% | $25.24 |
| Third-party model estimate (FMP) | independent reference · retrieved Oct 6, 2026 · assumptions not provided | $10.51 | |
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
$19.45
Market-Implied Growth
+14.0%/yr
vs +5.6% 5Y actual
Model Scenario Range
$14.97 – $25.24
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 HQI (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 $12.0M · 0.01B shares · net cash $3.9M
Estimated Fair Value
$19.22
-1.2% vs $19.45
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 13.7%/yr FCF growth and 10-year horizon fixed. Green = above today's $19.45; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 7.8% | $23.20 | $24.87 | $26.85 | $29.24 | $32.19 |
| 8.8% | $19.86 | $21.05 | $22.42 | $24.03 | $25.94 |
| 9.8% | $17.34 | $18.22 | $19.22 | $20.36 | $21.68 |
| 10.8% | $15.37 | $16.04 | $16.79 | $17.64 | $18.60 |
| 11.8% | $13.78 | $14.31 | $14.89 | $15.54 | $16.27 |
