TGM's two-stage DCF values Angi Inc. (ANGI) between $7.22 and $13.17 depending on assumptions, with a base case of $9.36. 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 (11.5%) reflects its beta.
What would today's price require?
$5.84 is justified only if free cash flow grows about -5.1% a year (fading to 2.5% long-run) at a 11.5% required return — faster than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 0.5%/yr | 12.5% | $7.22 |
| Base case | 2.0%/yr | 11.5% | $9.36 |
| Optimistic | 5.0%/yr | 10.5% | $13.17 |
Current Price
$5.84
Market-Implied Growth
-5.1%/yr
vs -8.6% 5Y actual
Model Scenario Range
$7.22 – $13.17
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 ANGI (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 $51.3M · 0.04B shares · net debt $194.0M
Estimated Fair Value
$9.36
+60.2% vs $5.84
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 $5.84; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 9.5% | $11.62 | $12.44 | $13.38 | $14.47 | $15.73 |
| 10.5% | $9.79 | $10.41 | $11.12 | $11.92 | $12.83 |
| 11.5% | $8.32 | $8.81 | $9.36 | $9.96 | $10.64 |
| 12.5% | $7.13 | $7.52 | $7.95 | $8.42 | $8.94 |
| 13.5% | $6.13 | $6.45 | $6.79 | $7.17 | $7.59 |
