Research / Stock / TMO
T
TMO
THERMO FISHER SCIENTIFIC INC.
628.15
-0.59 -0.09%
close 2026-08-25
Assumptions
9.7%
Market is pricing 9.7%— you agree
Actually grew -1.6%/yrFCF, 2020–2025 — the market is pricing 11.3pts FASTER than history
10 yrs
3.00%
7.74%
7.7% derived for this company beta 0.85 (1254d vs the S&P 500) · cost of equity 8.5% = 4.7% risk-free + 0.85 × 4.5% premium · 15% debt at 3.6%, taxed at 7%
Fair value
$628.14
-0.0%
At the market's assumptionsCurrent price $628.15Enterprise value 233.3B
Bear $421.70 (4.7% growth)Bull $931.31 (14.7%)
Today's market price is inside the range · band = your growth ±5pts, same model · the market itself prices 9.7%
Y1
Y2
Y3
Y4
Y5
Y6
Y7
Y8
Y9
Y10
Present value of each projected year, Y1–Y10
30% the 10 forecast years70% terminal value