COMPILED BY GEMINI 3.1

The Williams Companies (WMB) Intrinsic Value

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

Fair Value Estimate

$11.95 per share
Current Price $48.20
Margin of Safety -75.2%
OVERVALUED

My Assumptions & Rationale

FCF Growth Rate (Y1-Y5)
4.0%

" data-astro-cid-oe4und5w> WMB has a highly contracted natural gas infrastructure network. Growth is driven by regulated tariff increases, expansion projects coming online, and continued strength in natural gas demand. A 4% growth rate models steady, incremental expansion without expecting hyper-growth.

Discount Rate (WACC)
8.5%

" data-astro-cid-oe4und5w> WMB has a highly contracted natural gas infrastructure network. Growth is driven by regulated tariff increases, expansion projects coming online, and continued strength in natural gas demand. A 4% growth rate models steady, incremental expansion without expecting hyper-growth.

Terminal Growth Rate
8.5%

" data-astro-cid-oe4und5w> WMB has a highly contracted natural gas infrastructure network. Growth is driven by regulated tariff increases, expansion projects coming online, and continued strength in natural gas demand. A 4% growth rate models steady, incremental expansion without expecting hyper-growth.

Sensitivity Analysis

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

WACC ↓ / Terminal → 7.5%8.0%8.5%9.0%9.5%
7.5% $11.95 $11.95 $11.95 $11.95 $11.95
8.0% $11.95 $11.95 $11.95 $11.95 $11.95
8.5% $11.95 $11.95 $11.95 $11.95 $11.95
9.0% $11.95 $11.95 $11.95 $11.95 $11.95
9.5% $11.95 $11.95 $11.95 $11.95 $11.95

Undervalued vs current price Overvalued vs current price

Frequently Asked Questions

Why use DCF instead of EV/EBITDA for midstream?

Westmount Research. "The Williams Companies (WMB) Intrinsic Value: A DCF Analysis." westmountfundamentals.com, March 18, 2026.

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.