TGM's two-stage DCF values Slb N.V. (SLB) between $61.68 and $121.47 depending on assumptions, with a base case of $85.19. 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 (8%) reflects its beta.
What would today's price require?
$57.80 is justified only if free cash flow grows about +5.4% a year (fading to 2.5% long-run) at a 8% required return — slower than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 11.0%/yr | 9.0% | $61.68 |
| Base case | 14.0%/yr | 8.0% | $85.19 |
| Optimistic | 17.0%/yr | 7.0% | $121.47 |
| Third-party model estimate (FMP) | independent reference · retrieved Sep 8, 2026 · assumptions not provided | $54.38 | |
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
$57.80
Market-Implied Growth
+5.4%/yr
vs +17.0% 5Y actual
Model Scenario Range
$61.68 – $121.47
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 SLB (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 $4.5B · 1.48B shares · net debt $9.3B
Estimated Fair Value
$85.19
+47.4% vs $57.80
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 14.0%/yr FCF growth and 10-year horizon fixed. Green = above today's $57.80; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 6.0% | $111 | $124 | $140 | $163 | $194 |
| 7.0% | $88.47 | $96.64 | $107 | $119 | $135 |
| 8.0% | $73.06 | $78.62 | $85.19 | $93.06 | $103 |
| 9.0% | $61.80 | $65.79 | $70.38 | $75.74 | $82.07 |
| 10.0% | $53.21 | $56.19 | $59.56 | $63.40 | $67.83 |
