TGM's two-stage DCF values Kforce Inc. (KFRC) between $56.76 and $98.01 depending on assumptions, with a base case of $71.13. Growth is taken from the company's own record (5-year revenue CAGR (FCF growth too volatile to use) (floored at 2%)), fading to 2.5% long-run; the discount rate (8.6%) reflects its beta.
What would today's price require?
$55.12 is justified only if free cash flow grows about -3.6% a year (fading to 2.5% long-run) at a 8.6% required return — slower than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 0.5%/yr | 9.6% | $56.76 |
| Base case | 2.0%/yr | 8.6% | $71.13 |
| Optimistic | 5.0%/yr | 7.6% | $98.01 |
| Third-party model estimate (FMP) | independent reference · retrieved Jul 26, 2026 · assumptions not provided | $36.61 | |
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
$55.12
Market-Implied Growth
-3.6%/yr
vs -1.4% 5Y actual
Model Scenario Range
$56.76 – $98.01
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 KFRC (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 $81.0M · 0.02B shares · net debt $64.3M
Estimated Fair Value
$71.13
+29.0% vs $55.12
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 $55.12; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 6.6% | $88.78 | $97.12 | $107 | $121 | $138 |
| 7.6% | $73.60 | $79.13 | $85.74 | $93.78 | $104 |
| 8.6% | $62.70 | $66.60 | $71.13 | $76.46 | $82.84 |
| 9.6% | $54.48 | $57.36 | $60.63 | $64.40 | $68.77 |
| 10.6% | $48.08 | $50.27 | $52.73 | $55.50 | $58.66 |
