TGM's two-stage DCF values Liquidity Services, Inc. (LQDT) between $37.80 and $61.24 depending on assumptions, with a base case of $47.43. 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 (9.5%) reflects its beta.
What would today's price require?
$38.52 is justified only if free cash flow grows about +10.8% a year (fading to 2.5% long-run) at a 9.5% required return — faster than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 13.8%/yr | 10.5% | $37.80 |
| Base case | 16.8%/yr | 9.5% | $47.43 |
| Optimistic | 19.8%/yr | 8.5% | $61.24 |
| Third-party model estimate (FMP) | independent reference · retrieved Jul 29, 2026 · assumptions not provided | $42.50 | |
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
$38.52
Market-Implied Growth
+10.8%/yr
vs +6.7% 5Y actual
Model Scenario Range
$37.80 – $61.24
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 LQDT (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 $50.3M · 0.03B shares · net cash $169.4M
Estimated Fair Value
$47.43
+23.1% vs $38.52
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 16.8%/yr FCF growth and 10-year horizon fixed. Green = above today's $38.52; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 7.5% | $56.76 | $60.79 | $65.61 | $71.49 | $78.85 |
| 8.5% | $48.90 | $51.71 | $54.99 | $58.86 | $63.50 |
| 9.5% | $43.02 | $45.08 | $47.43 | $50.14 | $53.30 |
| 10.5% | $38.47 | $40.03 | $41.78 | $43.76 | $46.03 |
| 11.5% | $34.84 | $36.06 | $37.40 | $38.91 | $40.60 |
