TGM's two-stage DCF values Pinterest, Inc. (PINS) between $27.05 and $47.43 depending on assumptions, with a base case of $35.25. 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 (8.7%) reflects its beta.
What would today's price require?
$18.68 is justified only if free cash flow grows about -1.1% a year (fading to 2.5% long-run) at a 8.7% required return — slower than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 12.2%/yr | 9.7% | $27.05 |
| Base case | 15.2%/yr | 8.7% | $35.25 |
| Optimistic | 18.2%/yr | 7.7% | $47.43 |
| Third-party model estimate (FMP) | independent reference · retrieved Sep 10, 2026 · assumptions not provided | $5.80 | |
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
$18.68
Market-Implied Growth
-1.1%/yr
vs +15.2% 5Y actual
Model Scenario Range
$27.05 – $47.43
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 PINS (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 $772.4M · 0.64B shares · net cash $927.9M
Estimated Fair Value
$35.25
+88.7% vs $18.68
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 15.2%/yr FCF growth and 10-year horizon fixed. Green = above today's $18.68; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 6.7% | $43.66 | $47.58 | $52.43 | $58.59 | $66.67 |
| 7.7% | $36.45 | $39.06 | $42.18 | $45.95 | $50.62 |
| 8.7% | $31.26 | $33.11 | $35.25 | $37.77 | $40.77 |
| 9.7% | $27.35 | $28.71 | $30.26 | $32.04 | $34.11 |
| 10.7% | $24.30 | $25.34 | $26.50 | $27.82 | $29.32 |
