TGM's two-stage DCF values United States Lime & Minerals, Inc. (USLM) between $87.03 and $149.01 depending on assumptions, with a base case of $113.39. Growth is taken from the company's own record (blend of 5-year revenue and FCF growth (capped at 18%)), fading to 2.5% long-run; the discount rate (7.8%) reflects its beta.
What would today's price require?
$119.66 is justified only if free cash flow grows about +19.5% a year (fading to 2.5% long-run) at a 7.8% required return — slower than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 15.0%/yr | 8.8% | $87.03 |
| Base case | 18.0%/yr | 7.8% | $113.39 |
| Optimistic | 20.0%/yr | 6.8% | $149.01 |
| Third-party model estimate (FMP) | independent reference · retrieved Aug 28, 2026 · assumptions not provided | $142.65 | |
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
$119.66
Market-Implied Growth
+19.5%/yr
vs +21.6% 5Y actual
Model Scenario Range
$87.03 – $149.01
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 USLM (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 $78.3M · 0.03B shares · net cash $371.1M
Estimated Fair Value
$113.39
-5.2% vs $119.66
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 $119.66; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 5.8% | $143 | $159 | $179 | $206 | $245 |
| 6.8% | $117 | $127 | $138 | $153 | $173 |
| 7.8% | $99.38 | $106 | $113 | $123 | $134 |
| 8.8% | $86.58 | $91.13 | $96.40 | $103 | $110 |
| 9.8% | $76.91 | $80.28 | $84.10 | $88.48 | $93.55 |
