TGM's two-stage DCF values United Therapeutics Corporation (UTHR) between $559.43 and $1,060.31 depending on assumptions, with a base case of $752.21. 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?
$497.11 is justified only if free cash flow grows about +4.0% 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 | 11.5%/yr | 8.5% | $559.43 |
| Base case | 14.5%/yr | 7.5% | $752.21 |
| Optimistic | 17.5%/yr | 6.5% | $1,060.31 |
| Third-party model estimate (FMP) | independent reference · retrieved Sep 10, 2026 · assumptions not provided | $755.02 | |
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
$497.11
Market-Implied Growth
+4.0%/yr
vs +14.3% 5Y actual
Model Scenario Range
$559.43 – $1,060.31
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 UTHR (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 $894.1M · 0.04B shares · net cash $1.6B
Estimated Fair Value
$752.21
+51.3% vs $497.11
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 14.5%/yr FCF growth and 10-year horizon fixed. Green = above today's $497.11; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 5.5% | $974 | $1095 | $1255 | $1480 | $1816 |
| 6.5% | $778 | $850 | $941 | $1056 | $1211 |
| 7.5% | $648 | $695 | $752 | $822 | $908 |
| 8.5% | $555 | $588 | $627 | $673 | $727 |
| 9.5% | $486 | $510 | $538 | $570 | $607 |
