TGM's two-stage DCF values Teladoc Health, Inc. (TDOC) between $14.09 and $23.19 depending on assumptions, with a base case of $17.96. 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 (11.5%) reflects its beta.
What would today's price require?
$7.08 is justified only if free cash flow grows about -12.0% a year (fading to 2.5% long-run) at a 11.5% required return — slower than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 5.9%/yr | 12.5% | $14.09 |
| Base case | 8.9%/yr | 11.5% | $17.96 |
| Optimistic | 11.9%/yr | 10.5% | $23.19 |
| Third-party model estimate (FMP) | independent reference · retrieved Aug 7, 2026 · assumptions not provided | $17.81 | |
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
$7.08
Market-Implied Growth
-12.0%/yr
vs +8.8% 5Y actual
Model Scenario Range
$14.09 – $23.19
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 TDOC (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 $238.3M · 0.18B shares · net debt $224.9M
Estimated Fair Value
$17.96
+153.5% vs $7.08
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 8.9%/yr FCF growth and 10-year horizon fixed. Green = above today's $7.08; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 9.5% | $21.18 | $22.36 | $23.70 | $25.25 | $27.06 |
| 10.5% | $18.57 | $19.47 | $20.47 | $21.61 | $22.91 |
| 11.5% | $16.49 | $17.19 | $17.96 | $18.83 | $19.80 |
| 12.5% | $14.79 | $15.35 | $15.96 | $16.63 | $17.38 |
| 13.5% | $13.38 | $13.83 | $14.32 | $14.86 | $15.45 |
