TGM's two-stage DCF values ANSYS, Inc. (ANSS) between $126.29 and $207.23 depending on assumptions, with a base case of $159.89. 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%) reflects its beta.
What would today's price require?
$374.30 is justified only if free cash flow grows about +36.0% a year (fading to 2.5% long-run) at a 10% required return — faster than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 9.7%/yr | 11.0% | $126.29 |
| Base case | 12.7%/yr | 10.0% | $159.89 |
| Optimistic | 15.7%/yr | 9.0% | $207.23 |
| Third-party model estimate (FMP) | independent reference · retrieved Jul 26, 2026 · assumptions not provided | $187.74 | |
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
$374.30
Market-Implied Growth
+36.0%/yr
vs +14.0% 5Y actual
Model Scenario Range
$126.29 – $207.23
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 ANSS (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 $649.2M · 0.09B shares · net cash $692.5M
Estimated Fair Value
$159.89
-57.3% vs $374.30
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 12.7%/yr FCF growth and 10-year horizon fixed. Green = above today's $374.30; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 8.0% | $191 | $204 | $219 | $237 | $259 |
| 9.0% | $165 | $174 | $185 | $197 | $212 |
| 10.0% | $145 | $152 | $160 | $169 | $179 |
| 11.0% | $130 | $135 | $141 | $148 | $155 |
| 12.0% | $117 | $121 | $126 | $131 | $137 |
