TGM's two-stage DCF values Slb N.V. (SLB) between $62.79 and $124.54 depending on assumptions, with a base case of $86.97. 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 (7.9%) reflects its beta.
What would today's price require?
$57.51 is justified only if free cash flow grows about +4.9% a year (fading to 2.5% long-run) at a 7.9% required return — slower than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 11.0%/yr | 8.9% | $62.79 |
| Base case | 14.0%/yr | 7.9% | $86.97 |
| Optimistic | 17.0%/yr | 6.9% | $124.54 |
| Third-party model estimate (FMP) | independent reference · retrieved Sep 7, 2026 · assumptions not provided | $54.38 | |
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
$57.51
Market-Implied Growth
+4.9%/yr
vs +17.0% 5Y actual
Model Scenario Range
$62.79 – $124.54
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 SLB (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 $4.5B · 1.48B shares · net debt $9.3B
Estimated Fair Value
$86.97
+51.2% vs $57.51
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 14.0%/yr FCF growth and 10-year horizon fixed. Green = above today's $57.51; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 5.9% | $114 | $127 | $145 | $169 | $202 |
| 6.9% | $90.32 | $98.85 | $109 | $122 | $139 |
| 7.9% | $74.38 | $80.15 | $86.97 | $95.19 | $105 |
| 8.9% | $62.78 | $66.90 | $71.66 | $77.21 | $83.78 |
| 9.9% | $53.98 | $57.04 | $60.51 | $64.47 | $69.06 |
