TGM's two-stage DCF values AbbVie Inc. (ABBV) between $144.54 and $315.06 depending on assumptions, with a base case of $210.15. 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?
$259.36 is justified only if free cash flow grows about +8.2% a year (fading to 2.5% long-run) at a 7.5% required return — faster than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 0.9%/yr | 8.5% | $144.54 |
| Base case | 3.9%/yr | 7.5% | $210.15 |
| Optimistic | 6.9%/yr | 6.5% | $315.06 |
| Third-party model estimate (FMP) | independent reference · retrieved Jul 25, 2026 · assumptions not provided | $134.91 | |
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
$259.36
Market-Implied Growth
+8.2%/yr
vs +3.2% 5Y actual
Model Scenario Range
$144.54 – $315.06
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 ABBV (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 $19.9B · 1.77B shares · net debt $63.1B
Estimated Fair Value
$210.15
-19.0% vs $259.36
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 3.9%/yr FCF growth and 10-year horizon fixed. Green = above today's $259.36; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 5.5% | $283 | $323 | $375 | $449 | $560 |
| 6.5% | $219 | $242 | $272 | $310 | $361 |
| 7.5% | $176 | $191 | $210 | $233 | $262 |
| 8.5% | $145 | $156 | $169 | $184 | $202 |
| 9.5% | $122 | $130 | $139 | $150 | $162 |
