TGM's two-stage DCF values Regeneron Pharmaceuticals, Inc. (REGN) between $881.52 and $1,714.32 depending on assumptions, with a base case of $1,202.03. Growth is taken from the company's own record (blend of 5-year revenue and FCF growth), fading to 2.5% long-run; the discount rate (7.5%) reflects its beta.
What would today's price require?
$656.01 is justified only if free cash flow grows about -1.6% 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 | 9.8%/yr | 8.5% | $881.52 |
| Base case | 12.8%/yr | 7.5% | $1,202.03 |
| Optimistic | 15.8%/yr | 6.5% | $1,714.32 |
| Third-party model estimate (FMP) | independent reference · retrieved Jul 26, 2026 · assumptions not provided | $2,214.95 | |
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
$656.01
Market-Implied Growth
-1.6%/yr
vs +15.4% 5Y actual
Model Scenario Range
$881.52 – $1,714.32
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
$1202.03
+83.2% vs $656.01
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 12.8%/yr FCF growth and 10-year horizon fixed. Green = above today's $656.01; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 5.5% | $1569 | $1769 | $2034 | $2405 | $2962 |
| 6.5% | $1245 | $1364 | $1514 | $1705 | $1961 |
| 7.5% | $1029 | $1108 | $1202 | $1317 | $1461 |
| 8.5% | $876 | $931 | $995 | $1070 | $1161 |
| 9.5% | $761 | $801 | $847 | $900 | $962 |
