TGM's two-stage DCF values Agilent Technologies, Inc. (A) between $42.53 and $70.10 depending on assumptions, with a base case of $52.73. 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 (10.3%) reflects its beta.
What would today's price require?
$138.57 is justified only if free cash flow grows about +25.5% a year (fading to 2.5% long-run) at a 10.3% required return — faster than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 0.5%/yr | 11.3% | $42.53 |
| Base case | 2.3%/yr | 10.3% | $52.73 |
| Optimistic | 5.3%/yr | 9.3% | $70.10 |
| Third-party model estimate (FMP) | independent reference · retrieved Jul 26, 2026 · assumptions not provided | $72.82 | |
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
$138.57
Market-Implied Growth
+25.5%/yr
vs +0.1% 5Y actual
Model Scenario Range
$42.53 – $70.10
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 A (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 $1.3B · 0.28B shares · net debt $1.6B
Estimated Fair Value
$52.73
-62.0% vs $138.57
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 2.3%/yr FCF growth and 10-year horizon fixed. Green = above today's $138.57; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 8.3% | $63.45 | $67.75 | $72.79 | $78.77 | $85.98 |
| 9.3% | $54.56 | $57.69 | $61.28 | $65.43 | $70.29 |
| 10.3% | $47.70 | $50.06 | $52.73 | $55.75 | $59.21 |
| 11.3% | $42.23 | $44.07 | $46.11 | $48.40 | $50.97 |
| 12.3% | $37.78 | $39.24 | $40.85 | $42.62 | $44.60 |
