TGM's two-stage DCF values Regeneron Pharmaceuticals, Inc. (REGN) between $629.39 and $1,214.98 depending on assumptions, with a base case of $854.72. 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?
$807.65 is justified only if free cash flow grows about +3.3% 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 | 1.6%/yr | 8.5% | $629.39 |
| Base case | 4.6%/yr | 7.5% | $854.72 |
| Optimistic | 7.6%/yr | 6.5% | $1,214.98 |
| Third-party model estimate (FMP) | independent reference · retrieved Sep 9, 2026 · assumptions not provided | $2,087.05 | |
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
$807.65
Market-Implied Growth
+3.3%/yr
vs +15.8% 5Y actual
Model Scenario Range
$629.39 – $1,214.98
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 REGN (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 $3.9B · 0.10B shares · net cash $1.1B
Estimated Fair Value
$854.72
+5.8% vs $807.65
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 4.6%/yr FCF growth and 10-year horizon fixed. Green = above today's $807.65; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 5.5% | $1106 | $1242 | $1423 | $1677 | $2058 |
| 6.5% | $884 | $966 | $1068 | $1199 | $1374 |
| 7.5% | $736 | $790 | $855 | $934 | $1032 |
| 8.5% | $631 | $669 | $713 | $765 | $827 |
| 9.5% | $552 | $580 | $611 | $648 | $690 |
