TGM's two-stage DCF values Siemens AG (SIEGY) between $46.45 and $94.99 depending on assumptions, with a base case of $66.78. 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 (10.5%) reflects its beta.
What would today's price require?
$153.91 is justified only if free cash flow grows about +21.0% a year (fading to 2.5% long-run) at a 10.5% required return — faster than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 1.5%/yr | 11.5% | $46.45 |
| Base case | 4.5%/yr | 10.5% | $66.78 |
| Optimistic | 7.5%/yr | 9.5% | $94.99 |
| Third-party model estimate (FMP) | independent reference · retrieved Jul 25, 2026 · assumptions not provided | $102.30 | |
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
$153.91
Market-Implied Growth
+21.0%/yr
vs +2.1% 5Y actual
Model Scenario Range
$46.45 – $94.99
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 SIEGY (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 $10.6B · 1.54B shares · net debt $44.9B
Estimated Fair Value
$66.78
-56.6% vs $153.91
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 4.5%/yr FCF growth and 10-year horizon fixed. Green = above today's $153.91; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 8.5% | $84.27 | $91.18 | $99.22 | $109 | $120 |
| 9.5% | $69.83 | $74.90 | $80.68 | $87.34 | $95.10 |
| 10.5% | $58.61 | $62.46 | $66.78 | $71.67 | $77.25 |
| 11.5% | $49.65 | $52.65 | $55.98 | $59.69 | $63.86 |
| 12.5% | $42.32 | $44.71 | $47.34 | $50.24 | $53.46 |
