TGM's two-stage DCF values Magnite, Inc. (MGNI) between $19.73 and $30.45 depending on assumptions, with a base case of $24.79. Growth is taken from the company's own record (5-year revenue CAGR (FCF growth too volatile to use) (capped at 18%)), fading to 2.5% long-run; the discount rate (11.5%) reflects its beta.
What would today's price require?
$24.84 is justified only if free cash flow grows about +18.1% a year (fading to 2.5% long-run) at a 11.5% required return — about in line with its track record.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 15.0%/yr | 12.5% | $19.73 |
| Base case | 18.0%/yr | 11.5% | $24.79 |
| Optimistic | 20.0%/yr | 10.5% | $30.45 |
| Third-party model estimate (FMP) | independent reference · retrieved Oct 6, 2026 · assumptions not provided | $13.03 | |
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
$24.84
Market-Implied Growth
+18.1%/yr
vs +18.4% 5Y actual
Model Scenario Range
$19.73 – $30.45
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 MGNI (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 $171.3M · 0.14B shares · net debt $2.8M
Estimated Fair Value
$24.79
-0.2% vs $24.84
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 $24.84; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 9.5% | $29.17 | $30.78 | $32.62 | $34.74 | $37.20 |
| 10.5% | $25.62 | $26.84 | $28.21 | $29.76 | $31.53 |
| 11.5% | $22.79 | $23.74 | $24.79 | $25.96 | $27.28 |
| 12.5% | $20.48 | $21.24 | $22.07 | $22.98 | $24.00 |
| 13.5% | $18.57 | $19.18 | $19.85 | $20.58 | $21.38 |
