TGM's two-stage DCF values Kforce Inc. (KFRC) between $57.37 and $99.64 depending on assumptions, with a base case of $72.06. 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 (8.5%) reflects its beta.
What would today's price require?
$51.35 is justified only if free cash flow grows about -5.4% a year (fading to 2.5% long-run) at a 8.5% required return — slower than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 0.5%/yr | 9.5% | $57.37 |
| Base case | 2.0%/yr | 8.5% | $72.06 |
| Optimistic | 5.0%/yr | 7.5% | $99.64 |
| Third-party model estimate (FMP) | independent reference · retrieved Sep 10, 2026 · assumptions not provided | $36.09 | |
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
$51.35
Market-Implied Growth
-5.4%/yr
vs -2.0% 5Y actual
Model Scenario Range
$57.37 – $99.64
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
$72.06
+40.3% vs $51.35
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 $51.35; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 6.5% | $90.24 | $98.93 | $110 | $124 | $142 |
| 7.5% | $74.57 | $80.29 | $87.15 | $95.52 | $106 |
| 8.5% | $63.37 | $67.38 | $72.06 | $77.58 | $84.19 |
| 9.5% | $54.98 | $57.92 | $61.28 | $65.15 | $69.67 |
| 10.5% | $48.45 | $50.69 | $53.20 | $56.04 | $59.29 |
