TGM's two-stage DCF values VeriSign, Inc. (VRSN) between $157.31 and $316.89 depending on assumptions, with a base case of $219.28. 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?
$281.48 is justified only if free cash flow grows about +14.1% a year (fading to 2.5% long-run) at a 7.7% required return — faster than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 5.4%/yr | 8.7% | $157.31 |
| Base case | 8.4%/yr | 7.7% | $219.28 |
| Optimistic | 11.4%/yr | 6.7% | $316.89 |
| Third-party model estimate (FMP) | independent reference · retrieved Sep 8, 2026 · assumptions not provided | $258.48 | |
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
$281.48
Market-Implied Growth
+14.1%/yr
vs +11.1% 5Y actual
Model Scenario Range
$157.31 – $316.89
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 VRSN (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 $841.3M · 0.09B shares · net debt $1.5B
Estimated Fair Value
$219.28
-22.1% vs $281.48
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 8.4%/yr FCF growth and 10-year horizon fixed. Green = above today's $281.48; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 5.7% | $288 | $324 | $371 | $436 | $530 |
| 6.7% | $228 | $250 | $277 | $312 | $357 |
| 7.7% | $187 | $202 | $219 | $241 | $267 |
| 8.7% | $158 | $168 | $180 | $194 | $211 |
| 9.7% | $136 | $143 | $152 | $162 | $174 |
