TGM's two-stage DCF values United Therapeutics Corporation (UTHR) between $550.97 and $1,043.58 depending on assumptions, with a base case of $740.57. 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 (7.5%) reflects its beta.
What would today's price require?
$524.70 is justified only if free cash flow grows about +5.3% a year (fading to 2.5% long-run) at a 7.5% required return — slower than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 11.1%/yr | 8.5% | $550.97 |
| Base case | 14.1%/yr | 7.5% | $740.57 |
| Optimistic | 17.1%/yr | 6.5% | $1,043.58 |
| Third-party model estimate (FMP) | independent reference · retrieved Jul 29, 2026 · assumptions not provided | $772.25 | |
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
$524.70
Market-Implied Growth
+5.3%/yr
vs +12.1% 5Y actual
Model Scenario Range
$550.97 – $1,043.58
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 UTHR (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 $894.1M · 0.04B shares · net cash $1.6B
Estimated Fair Value
$740.57
+41.1% vs $524.70
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 14.1%/yr FCF growth and 10-year horizon fixed. Green = above today's $524.70; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 5.5% | $959 | $1077 | $1235 | $1455 | $1786 |
| 6.5% | $766 | $837 | $926 | $1039 | $1191 |
| 7.5% | $638 | $685 | $741 | $809 | $894 |
| 8.5% | $547 | $579 | $618 | $662 | $716 |
| 9.5% | $479 | $503 | $530 | $561 | $598 |
