TGM's two-stage DCF values Mako Mining Corp Common Stock (MAKO) between $3.64 and $5.14 depending on assumptions, with a base case of $4.35. 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 (11.5%) reflects its beta.
What would today's price require?
$9.16 is justified only if free cash flow grows about +42.1% a year (fading to 2.5% long-run) at a 11.5% required return.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 15.0%/yr | 12.5% | $3.64 |
| Base case | 18.0%/yr | 11.5% | $4.35 |
| Optimistic | 20.0%/yr | 10.5% | $5.14 |
| Third-party model estimate (FMP) | independent reference · retrieved Oct 6, 2026 · assumptions not provided | $10.69 | |
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
$9.16
Market-Implied Growth
+42.1%/yr
Model Scenario Range
$3.64 – $5.14
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 MAKO (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 $14.6M · 0.09B shares · net cash $77.3M
Estimated Fair Value
$4.35
-52.5% vs $9.16
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 $9.16; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 9.5% | $4.96 | $5.19 | $5.44 | $5.74 | $6.09 |
| 10.5% | $4.47 | $4.64 | $4.83 | $5.04 | $5.29 |
| 11.5% | $4.07 | $4.20 | $4.35 | $4.51 | $4.70 |
| 12.5% | $3.75 | $3.85 | $3.97 | $4.10 | $4.24 |
| 13.5% | $3.48 | $3.57 | $3.66 | $3.76 | $3.87 |
