TGM's two-stage DCF values Leidos Holdings, Inc. (LDOS) between $119.11 and $263.33 depending on assumptions, with a base case of $174.61. 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?
$132.83 is justified only if free cash flow grows about +0.7% 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 | 2.9%/yr | 8.5% | $119.11 |
| Base case | 5.9%/yr | 7.5% | $174.61 |
| Optimistic | 8.9%/yr | 6.5% | $263.33 |
| Third-party model estimate (FMP) | independent reference · retrieved Sep 13, 2026 · assumptions not provided | $461.13 | |
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
$132.83
Market-Implied Growth
+0.7%/yr
vs +5.9% 5Y actual
Model Scenario Range
$119.11 – $263.33
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 LDOS (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 $1.1B · 0.13B shares · net debt $4.1B
Estimated Fair Value
$174.61
+31.5% vs $132.83
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 $132.83; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 5.5% | $237 | $270 | $315 | $378 | $472 |
| 6.5% | $182 | $202 | $227 | $260 | $303 |
| 7.5% | $145 | $159 | $175 | $194 | $218 |
| 8.5% | $119 | $129 | $139 | $152 | $168 |
| 9.5% | $99.75 | $107 | $114 | $123 | $134 |
