TGM's two-stage DCF values Pinterest, Inc. (PINS) between $29.15 and $49.66 depending on assumptions, with a base case of $38.17. 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 (8.6%) reflects its beta.
What would today's price require?
$22.13 is justified only if free cash flow grows about +3.9% 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 | 15.0%/yr | 9.6% | $29.15 |
| Base case | 18.0%/yr | 8.6% | $38.17 |
| Optimistic | 20.0%/yr | 7.6% | $49.66 |
| Third-party model estimate (FMP) | independent reference · retrieved Jul 25, 2026 · assumptions not provided | $5.93 | |
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
$22.13
Market-Implied Growth
+3.9%/yr
vs +18.1% 5Y actual
Model Scenario Range
$29.15 – $49.66
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 PINS (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 $772.4M · 0.66B shares · net cash $927.9M
Estimated Fair Value
$38.17
+72.5% vs $22.13
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 $22.13; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 6.6% | $47.58 | $52.02 | $57.53 | $64.58 | $73.88 |
| 7.6% | $39.49 | $42.43 | $45.94 | $50.21 | $55.51 |
| 8.6% | $33.70 | $35.77 | $38.17 | $40.99 | $44.37 |
| 9.6% | $29.36 | $30.88 | $32.61 | $34.60 | $36.91 |
| 10.6% | $25.99 | $27.14 | $28.44 | $29.90 | $31.56 |
