TGM's two-stage DCF values PC Connection, Inc. (CNXN) between $68.39 and $112.51 depending on assumptions, with a base case of $84.20. Growth is taken from the company's own record (5-year revenue CAGR), fading to 2.5% long-run; the discount rate (8.4%) reflects its beta.
What would today's price require?
$92.42 is justified only if free cash flow grows about +4.7% a year (fading to 2.5% long-run) at a 8.4% required return — faster than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 0.5%/yr | 9.4% | $68.39 |
| Base case | 2.3%/yr | 8.4% | $84.20 |
| Optimistic | 5.3%/yr | 7.4% | $112.51 |
| Third-party model estimate (FMP) | independent reference · retrieved Oct 6, 2026 · assumptions not provided | $69.25 | |
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
$92.42
Market-Implied Growth
+4.7%/yr
vs +2.3% 5Y actual
Model Scenario Range
$68.39 – $112.51
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 CNXN (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 $112.2M · 0.03B shares · net cash $192.7M
Estimated Fair Value
$84.20
-8.9% vs $92.42
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 $92.42; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 6.4% | $103 | $112 | $123 | $138 | $158 |
| 7.4% | $86.75 | $92.68 | $99.81 | $109 | $120 |
| 8.4% | $75.23 | $79.37 | $84.20 | $89.92 | $96.79 |
| 9.4% | $66.64 | $69.66 | $73.11 | $77.10 | $81.76 |
| 10.4% | $59.97 | $62.26 | $64.84 | $67.75 | $71.09 |
