iTGR / Fair Value Dashboard

Implied terminal growth rate — live

Audit trail — direct FCF/share basis

Ticker	Price	β	β ovr	ke %	FCF Y1	FCF Y2	g₁₂%	CAGR Y2→Y5	Y3►	Y4►	Y5►	PV Expl.	PV TV	TV%	iTGR	Basis

Blue = auto-calculated via fade. Pre-loaded: NVDA FY26 actual $3.95/sh · MSFT TTM Dec’25 $10.37/sh · GOOGL FY25 actual $6.07/sh · MU Q1 FY26 adj FCF $3.9bn (Q2 EPS guide $8.42) · SNDK 9mo NI $4.5bn. Added tickers: FCF Y1 = TTM from FMP cash flow ÷ diluted shares; Y2 = Y1 × trailing 2yr CAGR.

Interactive adjustments

CAGR = ½·g₁₂

FCF Y1 & Y2 adj (%) CAGR Y2→Y5 (%)Live iTGR

Visualisations

iTGR comparison

Value decomposition — explicit vs. terminal

FCF trajectory Y1–Y5

Scenario comparison

Sensitivity — ke ±2% × CAGR ±10pp

Stock: Rows: ke −2%/base/+2% · Cols: CAGR −10pp/base/+10pp

Fair value per share — live

All inputs — every variable editable per stock

Stock	Cost of equity		FCF/share path					Terminal		Output
Stock	β	ke %	FCF Y1 $	CAGR Y1→Y2 %	FCF Y2 ►	CAGR Y2→Y5 %	FCF Y5 ►	g %	TV %	Fair Value $	Price $	Upside %

Blue cells derived automatically. FCF Y2 = Y1×(1+CAGR₁₂) · FCF Y5 = Y2×(1+CAGR₂₅)³ · Y3/Y4 linear interpolation · ke = Rf+β×ERP (CAPM) or global flat ke.

Fair value charts

Fair value vs. current price

Upside / downside at current inputs (%)

Fair value sensitivity — ke ±2% × terminal g ±2pp

Stock: Fair value $ and % vs. price. ke rows · g columns.

iTGR: P₀=∑FCFₙ/(1+ke)ⁿ+FCF₅(1+g)/[(ke−g)(1+ke)⁵] — solved: g=(TV·ke−FCF₅)/(TV+FCF₅) · Fair Value: same formula at user-supplied g · FCF path: Y2=Y1(1+CAGR₁₂); Y5=Y2(1+CAGR₂₅)³; Y3/Y4 linear · Data: FMP API (added tickers) · SEC filings / consensus (pre-loaded) · Prices: 18 Jul 2026 · Pre-loaded FCF: NVDA $3.95 actual FY26 · MSFT $10.37 TTM Dec’25 · GOOGL $6.07 actual FY25 · MU ~$22/sh (Q1 adj FCF $3.9bn; Q2 EPS $8.42 guide) · SNDK 9mo NI $4.5bn · Price context: MU peaked $1,255 (May 26 hit $1T mkt cap) → $848 now · SNDK ATH $2,354 (Jun 22) → $1,355 now · SNDK β 3.75