Equifax Inc. (EFX) DCF Valuation
TGM's two-stage DCF values Equifax Inc. (EFX) between $34.28 and $82.49 depending on assumptions, with a base case of $54.51. 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 (10.6%) reflects its beta.
What would today's price require?
$158.48 is justified only if free cash flow grows about +29.8% a year (fading to 2.5% long-run) at a 10.6% required return — faster than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 7.3%/yr | 11.6% | $34.28 |
| Base case | 10.3%/yr | 10.6% | $54.51 |
| Optimistic | 13.3%/yr | 9.6% | $82.49 |
| Analyst DCF (FMP) | independent reference — different model | $133.64 | |
Current Price
$158.48
Market-Implied Growth
+29.8%/yr
vs +13.2% 5Y actual
Model Scenario Range
$34.28 – $82.49
model output — not a price target
EFX DCF Fair Value Calculator
Edit the assumptions to see how they change the estimated fair value. Opens seeded with TGM's data-driven base case for EFX (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 $664.3M · 0.12B shares · net debt $4.9B
Estimated Fair Value
$81.34
-48.7% vs $158.48
Sensitivity — fair value by discount rate × terminal growth
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 10.3%/yr FCF growth and 10-year horizon fixed. Green = above today's $158.48; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 8.6% | $111 | $119 | $127 | $138 | $150 |
| 9.6% | $89.85 | $95.07 | $101 | $108 | $116 |
| 10.6% | $73.30 | $77.08 | $81.34 | $86.15 | $91.64 |
| 11.6% | $60.15 | $62.97 | $66.10 | $69.59 | $73.51 |
| 12.6% | $49.48 | $51.62 | $53.98 | $56.58 | $59.47 |
About Equifax Inc.
Equifax Inc. operates as a global data and analytics company, delivering a range of information solutions and specialized human resources administrative process outsourcing services. Its clientele spans across businesses, governmental organizations, and individual consumers. The company's operations are structured into three primary divisions: Workforce Solutions, U.S. Information Solutions (USIS), and International. The Workforce Solutions segment specializes in employment-related data, offering verification services for income, employment history, criminal records, and Social Security numbers. It also provides tools for payroll-based transactions, employment tax management, and products aimed at protecting against identity theft. The U.S. Information Solutions (USIS) segment provides a comprehensive suite of services for both consumers and businesses within the United States. These offerings include extensive credit data and scoring, sophisticated credit modeling and portfolio analytics, identity verification and fraud detection/prevention services, and various consulting options. Additionally, USIS supports mortgage services, financial marketing initiatives, identity management solutions, credit monitoring products, and online decisioning technology solutions, alongside portfolio management and mortgage reporting services. Globally, the International segment delivers similar information service products, encompassing consumer and commercial credit and financial data, credit scoring, and advanced modeling. This division also provides credit-related marketing products and services, as well as technology and support for debt collection and recovery management. Equifax serves a diverse array of industries, including financial services, mortgage, employment, telecommunications, retail, automotive, utilities, brokerage, healthcare, and insurance, in addition to federal, state, and local governments. With a substantial international presence, the company conducts business in numerous countries, including the United States, Canada, Australia, New Zealand, India, the United Kingdom, Spain, Portugal, Argentina, Brazil, Mexico, and many other nations across Latin America, Europe, Asia, and the Middle East. Founded in 1899, Equifax maintains its corporate headquarters in Atlanta, Georgia.
- Sector
- Industrials
- Industry
- Consulting Services
- CEO
- Mark W. Begor