TGM's two-stage DCF values The Andersons, Inc. (ANDE) between $50.55 and $113.03 depending on assumptions, with a base case of $71.69. Growth is taken from the company's own record (5-year revenue CAGR (floored at 2%)), fading to 2.5% long-run; the discount rate (7.5%) reflects its beta.
What would today's price require?
$66.61 is justified only if free cash flow grows about +0.8% a year (fading to 2.5% long-run) at a 7.5% required return — about in line with its track record.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 0.5%/yr | 8.5% | $50.55 |
| Base case | 2.0%/yr | 7.5% | $71.69 |
| Optimistic | 5.0%/yr | 6.5% | $113.03 |
| Third-party model estimate (FMP) | independent reference · retrieved Oct 6, 2026 · assumptions not provided | $39.75 | |
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
$66.61
Market-Implied Growth
+0.8%/yr
vs +1.4% 5Y actual
Model Scenario Range
$50.55 – $113.03
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 ANDE (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 $164.8M · 0.03B shares · net debt $865.6M
Estimated Fair Value
$71.69
+7.6% vs $66.61
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 2.0%/yr FCF growth and 10-year horizon fixed. Green = above today's $66.61; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 5.5% | $100 | $116 | $136 | $165 | $208 |
| 6.5% | $75.01 | $84.31 | $95.91 | $111 | $131 |
| 7.5% | $58.23 | $64.36 | $71.69 | $80.65 | $91.84 |
| 8.5% | $46.25 | $50.54 | $55.55 | $61.45 | $68.53 |
| 9.5% | $37.26 | $40.42 | $44.01 | $48.16 | $52.99 |
