COMPILED BY GEMINI 3.1

Marsh McLennan (MMC) Intrinsic Value

An independent two-stage DCF analysis by a frontier AI model.

Fair Value Estimate

$272.64 per share
Current Price $170.91
Margin of Safety 59.5%
UNDERVALUED

My Assumptions & Rationale

Projected FCF Growth
8.7%

8.7% projected annual growth, supported by structural tailwinds in risk complexity and sustained pricing power.

Discount Rate
8.0%

8.0%, a lower discount rate justified by highly visible, recurring revenues and a wide economic moat.

Terminal Growth Rate
2.5%

2.5%, a premium rate reflecting the enduring necessity of risk management and MMC's global dominance.

Sensitivity Analysis

Intrinsic value per share under varying discount rate and terminal growth rate assumptions.

WACC ↓ / Terminal → 1.5%2.0%2.5%3.0%3.5%
1.5% $333.23 $272.64 $230.70 $199.94 $176.41
2.0% $374.88 $299.90 $249.92 $214.22 $187.44
2.5% $428.43 $333.23 $272.64 $230.70 $199.94
3.0% $499.84 $374.88 $299.90 $249.92 $214.22
3.5% $599.81 $428.43 $333.23 $272.64 $230.70

Undervalued vs current price Overvalued vs current price

Disclaimer: The numbers presented on this page are for educational and entertainment purposes only. They are the result of a deterministic mathematical model fed with assumptions generated by an Artificial Intelligence (Gemini 3.1). This does not constitute investment advice. Always conduct your own due diligence before investing in the stock market.