TGM's two-stage DCF values Restaurant Brands International Inc. (QSR) between $47.62 and $132.46 depending on assumptions, with a base case of $80.27. 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?
$77.88 is justified only if free cash flow grows about +12.0% a year (fading to 2.5% long-run) at a 7.5% required return — faster than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 9.5%/yr | 8.5% | $47.62 |
| Base case | 12.5%/yr | 7.5% | $80.27 |
| Optimistic | 15.5%/yr | 6.5% | $132.46 |
| Third-party model estimate (FMP) | independent reference · retrieved Sep 1, 2026 · assumptions not provided | $206.26 | |
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
$77.88
Market-Implied Growth
+12.0%/yr
vs +3.2% 5Y actual
Model Scenario Range
$47.62 – $132.46
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 QSR (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 $1.3B · 0.35B shares · net debt $14.3B
Estimated Fair Value
$80.27
+3.1% vs $77.88
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 12.5%/yr FCF growth and 10-year horizon fixed. Green = above today's $77.88; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 5.5% | $118 | $138 | $165 | $203 | $259 |
| 6.5% | $84.65 | $96.80 | $112 | $131 | $157 |
| 7.5% | $62.70 | $70.69 | $80.27 | $91.97 | $107 |
| 8.5% | $47.06 | $52.66 | $59.18 | $66.88 | $76.10 |
| 9.5% | $35.37 | $39.47 | $44.15 | $49.54 | $55.82 |
