TGM's two-stage DCF values IRadimed Corporation (IRMD) between $27.69 and $45.20 depending on assumptions, with a base case of $35.39. Growth is taken from the company's own record (blend of 5-year revenue and FCF growth (capped at 18%)), fading to 2.5% long-run; the discount rate (8.6%) reflects its beta.
What would today's price require?
$84.81 is justified only if free cash flow grows about +43.1% a year (fading to 2.5% long-run) at a 8.6% required return — faster than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 15.0%/yr | 9.6% | $27.69 |
| Base case | 18.0%/yr | 8.6% | $35.39 |
| Optimistic | 20.0%/yr | 7.6% | $45.20 |
| Third-party model estimate (FMP) | independent reference · retrieved Oct 6, 2026 · assumptions not provided | $44.17 | |
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
$84.81
Market-Implied Growth
+43.1%/yr
vs +26.2% 5Y actual
Model Scenario Range
$27.69 – $45.20
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 IRMD (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 $12.7M · 0.01B shares · net cash $51.2M
Estimated Fair Value
$35.39
-58.3% vs $84.81
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 $84.81; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 6.6% | $43.42 | $47.21 | $51.92 | $57.93 | $65.88 |
| 7.6% | $36.52 | $39.03 | $42.02 | $45.67 | $50.20 |
| 8.6% | $31.58 | $33.34 | $35.39 | $37.80 | $40.69 |
| 9.6% | $27.87 | $29.17 | $30.64 | $32.34 | $34.32 |
| 10.6% | $25.00 | $25.98 | $27.08 | $28.33 | $29.75 |
