COMPILED BY GEMINI 3.1

S&P Global (SPGI) Intrinsic Value

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

Fair Value Estimate

$15.30 per share
Current Price $44.00
Margin of Safety -65.2%
OVERVALUED

My Assumptions & Rationale

FCF Growth Rate (Y1-Y5)
10.0%

" data-astro-cid-3j3wgl3w> S&P Global is an incredible compounder. Revenue grew from $8.3B in 2021 to $15.3B in 2025. With robust recurring revenue from indices and Market Intelligence, pricing power ensures that inflationary costs can be passed on seamlessly. 10% cash flow growth models continued synergies and organic expansion without being overly aggressive.

Discount Rate (WACC)
9.0%

" data-astro-cid-3j3wgl3w> S&P Global is an incredible compounder. Revenue grew from $8.3B in 2021 to $15.3B in 2025. With robust recurring revenue from indices and Market Intelligence, pricing power ensures that inflationary costs can be passed on seamlessly. 10% cash flow growth models continued synergies and organic expansion without being overly aggressive.

Terminal Growth Rate
9.0%

" data-astro-cid-3j3wgl3w> S&P Global is an incredible compounder. Revenue grew from $8.3B in 2021 to $15.3B in 2025. With robust recurring revenue from indices and Market Intelligence, pricing power ensures that inflationary costs can be passed on seamlessly. 10% cash flow growth models continued synergies and organic expansion without being overly aggressive.

Sensitivity Analysis

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

WACC ↓ / Terminal → 8.0%8.5%9.0%9.5%10.0%
8.0% $15.30 $15.30 $15.30 $15.30 $15.30
8.5% $15.30 $15.30 $15.30 $15.30 $15.30
9.0% $15.30 $15.30 $15.30 $15.30 $15.30
9.5% $15.30 $15.30 $15.30 $15.30 $15.30
10.0% $15.30 $15.30 $15.30 $15.30 $15.30

Undervalued vs current price Overvalued vs current price

Frequently Asked Questions

Why is S&P Global trading at a premium to the calculated DCF value?

Westmount Research. "S&P Global (SPGI) Intrinsic Value: A DCF Analysis." westmountfundamentals.com, March 18, 2026. Compiled by Gemini 3.1.

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.