TGM's two-stage DCF values Kamada Ltd. (KMDA) between $8.92 and $16.22 depending on assumptions, with a base case of $11.73. 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 (7.5%) reflects its beta.
What would today's price require?
$8.16 is justified only if free cash flow grows about +0.8% a year (fading to 2.5% long-run) at a 7.5% required return — slower than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 7.6%/yr | 8.5% | $8.92 |
| Base case | 10.6%/yr | 7.5% | $11.73 |
| Optimistic | 13.6%/yr | 6.5% | $16.22 |
| Third-party model estimate (FMP) | independent reference · retrieved Oct 6, 2026 · assumptions not provided | $31.42 | |
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
$8.16
Market-Implied Growth
+0.8%/yr
vs +10.6% 5Y actual
Model Scenario Range
$8.92 – $16.22
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 KMDA (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 $20.9M · 0.06B shares · net cash $73.4M
Estimated Fair Value
$11.73
+43.6% vs $8.16
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 10.6%/yr FCF growth and 10-year horizon fixed. Green = above today's $8.16; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 5.5% | $14.92 | $16.66 | $18.97 | $22.20 | $27.04 |
| 6.5% | $12.10 | $13.14 | $14.44 | $16.11 | $18.33 |
| 7.5% | $10.22 | $10.91 | $11.73 | $12.73 | $13.98 |
| 8.5% | $8.89 | $9.37 | $9.92 | $10.58 | $11.37 |
| 9.5% | $7.89 | $8.24 | $8.64 | $9.10 | $9.64 |
