TGM's two-stage DCF values i3 Verticals, Inc. (IIIV) between $18.55 and $30.50 depending on assumptions, with a base case of $22.81. Growth is taken from the company's own record (5-year revenue CAGR (FCF growth too volatile to use)), fading to 2.5% long-run; the discount rate (8.2%) reflects its beta.
What would today's price require?
$14.76 is justified only if free cash flow grows about -9.4% 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 | 0.5%/yr | 9.2% | $18.55 |
| Base case | 2.3%/yr | 8.2% | $22.81 |
| Optimistic | 5.3%/yr | 7.2% | $30.50 |
| Third-party model estimate (FMP) | independent reference · retrieved Oct 6, 2026 · assumptions not provided | $9.03 | |
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
$14.76
Market-Implied Growth
-9.4%/yr
vs +2.3% 5Y actual
Model Scenario Range
$18.55 – $30.50
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 IIIV (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 $27.1M · 0.02B shares · net cash $61.9M
Estimated Fair Value
$22.81
+54.5% vs $14.76
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 $14.76; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 6.2% | $27.95 | $30.49 | $33.72 | $37.96 | $43.75 |
| 7.2% | $23.48 | $25.12 | $27.10 | $29.56 | $32.67 |
| 8.2% | $20.35 | $21.48 | $22.81 | $24.39 | $26.30 |
| 9.2% | $18.03 | $18.85 | $19.79 | $20.88 | $22.16 |
| 10.2% | $16.25 | $16.87 | $17.56 | $18.35 | $19.26 |
