TGM's two-stage DCF values Fiserv, Inc. (FISV) between $69.44 and $169.41 depending on assumptions, with a base case of $109.03. 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 (8.2%) reflects its beta.
What would today's price require?
$51.02 is justified only if free cash flow grows about -4.8% a year (fading to 2.5% long-run) at a 8.2% required return — slower than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 2.9%/yr | 9.2% | $69.44 |
| Base case | 5.9%/yr | 8.2% | $109.03 |
| Optimistic | 8.9%/yr | 7.2% | $169.41 |
| Third-party model estimate (FMP) | independent reference · retrieved Jul 25, 2026 · assumptions not provided | $321.53 | |
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
$51.02
Market-Implied Growth
-4.8%/yr
vs +4.6% 5Y actual
Model Scenario Range
$69.44 – $169.41
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 $4.1B · 0.53B shares · net debt $26.1B
Estimated Fair Value
$109.03
+113.7% vs $51.02
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 5.9%/yr FCF growth and 10-year horizon fixed. Green = above today's $51.02; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 6.2% | $150 | $170 | $196 | $230 | $276 |
| 7.2% | $114 | $127 | $143 | $163 | $188 |
| 8.2% | $89.50 | $98.49 | $109 | $122 | $137 |
| 9.2% | $71.07 | $77.58 | $85.05 | $93.71 | $104 |
| 10.2% | $56.90 | $61.79 | $67.31 | $73.59 | $80.80 |
