TGM's two-stage DCF values Nutrien Ltd. (NTR) between $32.10 and $71.61 depending on assumptions, with a base case of $48.33. Growth is taken from the company's own record (blend of 5-year revenue and FCF growth), fading to 2.5% long-run; the discount rate (9.5%) reflects its beta.
What would today's price require?
$78.72 is justified only if free cash flow grows about +12.3% a year (fading to 2.5% long-run) at a 9.5% required return — faster than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 0.6%/yr | 10.5% | $32.10 |
| Base case | 3.6%/yr | 9.5% | $48.33 |
| Optimistic | 6.6%/yr | 8.5% | $71.61 |
| Third-party model estimate (FMP) | independent reference · retrieved Sep 13, 2026 · assumptions not provided | $59.79 | |
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
$78.72
Market-Implied Growth
+12.3%/yr
vs +2.8% 5Y actual
Model Scenario Range
$32.10 – $71.61
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 NTR (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 $2.3B · 0.48B shares · net debt $11.3B
Estimated Fair Value
$48.33
-38.6% vs $78.72
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 3.6%/yr FCF growth and 10-year horizon fixed. Green = above today's $78.72; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 7.5% | $63.20 | $69.61 | $77.29 | $86.66 | $98.36 |
| 8.5% | $50.67 | $55.16 | $60.40 | $66.57 | $73.97 |
| 9.5% | $41.28 | $44.57 | $48.33 | $52.67 | $57.71 |
| 10.5% | $33.98 | $36.48 | $39.29 | $42.47 | $46.10 |
| 11.5% | $28.14 | $30.09 | $32.26 | $34.68 | $37.39 |