TGM's two-stage DCF values Snap-on Incorporated (SNA) between $310.22 and $567.12 depending on assumptions, with a base case of $403.79. 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 (7.7%) reflects its beta.
What would today's price require?
$367.71 is justified only if free cash flow grows about +0.5% a year (fading to 2.5% long-run) at a 7.7% required return — about in line with its track record.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 0.5%/yr | 8.7% | $310.22 |
| Base case | 2.7%/yr | 7.7% | $403.79 |
| Optimistic | 5.7%/yr | 6.7% | $567.12 |
| Third-party model estimate (FMP) | independent reference · retrieved Sep 13, 2026 · assumptions not provided | $351.54 | |
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
$367.71
Market-Implied Growth
+0.5%/yr
vs +0.0% 5Y actual
Model Scenario Range
$310.22 – $567.12
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 SNA (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 $1.0B · 0.05B shares · net cash $360.1M
Estimated Fair Value
$403.79
+9.8% vs $367.71
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 2.7%/yr FCF growth and 10-year horizon fixed. Green = above today's $367.71; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 5.7% | $516 | $575 | $652 | $758 | $912 |
| 6.7% | $417 | $454 | $498 | $555 | $630 |
| 7.7% | $351 | $375 | $404 | $439 | $482 |
| 8.7% | $303 | $320 | $340 | $363 | $391 |
| 9.7% | $266 | $279 | $293 | $310 | $329 |
