TGM's two-stage DCF values Safran S.A. (SAFRY) between $38.51 and $66.35 depending on assumptions, with a base case of $49.84. 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 (9.1%) reflects its beta.
What would today's price require?
$99.58 is justified only if free cash flow grows about +29.8% a year (fading to 2.5% long-run) at a 9.1% required return — faster than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 8.6%/yr | 10.1% | $38.51 |
| Base case | 11.6%/yr | 9.1% | $49.84 |
| Optimistic | 14.6%/yr | 8.1% | $66.35 |
| Third-party model estimate (FMP) | independent reference · retrieved Aug 28, 2026 · assumptions not provided | $50.23 | |
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
$99.58
Market-Implied Growth
+29.8%/yr
vs +11.6% 5Y actual
Model Scenario Range
$38.51 – $66.35
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 SAFRY (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 $3.5B · 1.66B shares · net cash $2.6B
Estimated Fair Value
$49.84
-49.9% vs $99.58
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 11.6%/yr FCF growth and 10-year horizon fixed. Green = above today's $99.58; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 7.1% | $60.92 | $65.89 | $71.92 | $79.42 | $89.00 |
| 8.1% | $51.50 | $54.90 | $58.90 | $63.68 | $69.49 |
| 9.1% | $44.58 | $47.02 | $49.84 | $53.11 | $56.97 |
| 10.1% | $39.28 | $41.11 | $43.18 | $45.54 | $48.26 |
| 11.1% | $35.10 | $36.51 | $38.09 | $39.85 | $41.85 |