TGM's two-stage DCF values Fiserv, Inc. (FISV) between $65.25 and $163.01 depending on assumptions, with a base case of $103.83. 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 (8.1%) reflects its beta.
What would today's price require?
$50.00 is justified only if free cash flow grows about -5.3% a year (fading to 2.5% long-run) at a 8.1% required return — slower than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 1.8%/yr | 9.1% | $65.25 |
| Base case | 4.8%/yr | 8.1% | $103.83 |
| Optimistic | 7.8%/yr | 7.1% | $163.01 |
| Third-party model estimate (FMP) | independent reference · retrieved Sep 9, 2026 · assumptions not provided | $320.47 | |
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
$50.00
Market-Implied Growth
-5.3%/yr
vs +3.3% 5Y actual
Model Scenario Range
$65.25 – $163.01
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 FISV (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 $4.0B · 0.53B shares · net debt $26.1B
Estimated Fair Value
$103.83
+107.7% vs $50.00
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 4.8%/yr FCF growth and 10-year horizon fixed. Green = above today's $50.00; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 6.1% | $144 | $164 | $190 | $224 | $271 |
| 7.1% | $109 | $122 | $137 | $157 | $182 |
| 8.1% | $84.70 | $93.48 | $104 | $116 | $131 |
| 9.1% | $66.78 | $73.12 | $80.41 | $88.89 | $98.86 |
| 10.1% | $53.05 | $57.80 | $63.17 | $69.29 | $76.32 |
