TGM's two-stage DCF values SPX Technologies, Inc. (SPXC) between $62.74 and $105.79 depending on assumptions, with a base case of $80.74. 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 (10.4%) reflects its beta.
What would today's price require?
$173.09 is justified only if free cash flow grows about +32.6% a year (fading to 2.5% long-run) at a 10.4% required return — faster than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 9.9%/yr | 11.4% | $62.74 |
| Base case | 12.9%/yr | 10.4% | $80.74 |
| Optimistic | 15.9%/yr | 9.4% | $105.79 |
| Third-party model estimate (FMP) | independent reference · retrieved Oct 4, 2026 · assumptions not provided | $190.57 | |
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
$173.09
Market-Implied Growth
+32.6%/yr
vs +12.2% 5Y actual
Model Scenario Range
$62.74 – $105.79
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 SPXC (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 $212.9M · 0.05B shares · net debt $137.6M
Estimated Fair Value
$80.74
-53.4% vs $173.09
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 12.9%/yr FCF growth and 10-year horizon fixed. Green = above today's $173.09; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 8.4% | $96.95 | $103 | $111 | $120 | $131 |
| 9.4% | $83.54 | $88.25 | $93.64 | $99.86 | $107 |
| 10.4% | $73.17 | $76.74 | $80.74 | $85.28 | $90.48 |
| 11.4% | $64.93 | $67.70 | $70.78 | $74.21 | $78.07 |
| 12.4% | $58.23 | $60.43 | $62.85 | $65.52 | $68.48 |
