TGM's two-stage DCF values Klaviyo, Inc. (KVYO) between $15.60 and $26.51 depending on assumptions, with a base case of $20.17. Growth is taken from the company's own record (5-year revenue CAGR (capped at 18%)), fading to 2.5% long-run; the discount rate (7.5%) reflects its beta.
What would today's price require?
$16.61 is justified only if free cash flow grows about +12.2% a year (fading to 2.5% long-run) at a 7.5% required return.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 15.0%/yr | 8.5% | $15.60 |
| Base case | 18.0%/yr | 7.5% | $20.17 |
| Optimistic | 20.0%/yr | 6.5% | $26.51 |
| Third-party model estimate (FMP) | independent reference · retrieved Aug 7, 2026 · assumptions not provided | $30.13 | |
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
$16.61
Market-Implied Growth
+12.2%/yr
Model Scenario Range
$15.60 – $26.51
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 KVYO (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 $129.4M · 0.30B shares · net cash $968.9M
Estimated Fair Value
$20.17
+21.4% vs $16.61
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 18.0%/yr FCF growth and 10-year horizon fixed. Green = above today's $16.61; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 5.5% | $25.49 | $28.38 | $32.22 | $37.60 | $45.66 |
| 6.5% | $20.79 | $22.52 | $24.68 | $27.45 | $31.15 |
| 7.5% | $17.67 | $18.80 | $20.17 | $21.83 | $23.91 |
| 8.5% | $15.45 | $16.24 | $17.17 | $18.26 | $19.57 |
| 9.5% | $13.79 | $14.37 | $15.03 | $15.80 | $16.69 |
