TGM's two-stage DCF values Wix.com Ltd. (WIX) between $97.61 and $182.69 depending on assumptions, with a base case of $132.32. Growth is taken from the company's own record (5-year revenue CAGR (FCF growth too volatile to use)), fading to 2.5% long-run; the discount rate (9.2%) reflects its beta.
What would today's price require?
$72.13 is justified only if free cash flow grows about +0.4% a year (fading to 2.5% long-run) at a 9.2% required return — slower than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 10.1%/yr | 10.2% | $97.61 |
| Base case | 13.1%/yr | 9.2% | $132.32 |
| Optimistic | 16.1%/yr | 8.2% | $182.69 |
Current Price
$72.13
Market-Implied Growth
+0.4%/yr
vs +13.1% 5Y actual
Model Scenario Range
$97.61 – $182.69
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 WIX (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 $330.9M · 0.05B shares · net debt $857.5M
Estimated Fair Value
$132.32
+83.4% vs $72.13
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 13.1%/yr FCF growth and 10-year horizon fixed. Green = above today's $72.13; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 7.2% | $166 | $181 | $199 | $222 | $251 |
| 8.2% | $137 | $148 | $160 | $174 | $192 |
| 9.2% | $116 | $124 | $132 | $142 | $154 |
| 10.2% | $99.96 | $106 | $112 | $119 | $127 |
| 11.2% | $87.07 | $91.42 | $96.26 | $102 | $108 |
