ANGI
Angi Inc.
$6.12
Platform & Compounding FCF
50%
Two-stage FCF DCF
Strong
·
Conviction
Undervalued
Trading 82.1% below fair value
You pay
$6.12
Bear
$27.61
Fair
$34.21
Bull
$40.09
Bear
$27.61
+351.2%
4% stage 1 growth, 12% discount
Fair
$34.21
+459.0%
6% stage 1 growth, 12% discount
Bull
$40.09
+555.1%
8% stage 1 growth, 12% discount
Adjust Assumptions
6.5%
12.0%
3.0%
Key Value Driver
FCF growth rate (6% base case)
Terminal Value % of EV
32%
Implied Market Multiple
4.2x
Market is pricing in (growth)
-12.6%
vs 6.5% base
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above.
Average Target (55 analysts)
$11.00
Divergence from AlphaVal
211%
Summary
Using a two-stage FCF DCF with 6% growth decelerating over 15 years, discounted at 12%, the base-case intrinsic value is $34.21 per share.
Warnings
Stock-based employee pay equals 34% of profits. This dilutes existing shareholders, so cash flow alone overstates what owners really earn.
Wall Street's average price target is $11.00 (from 55 analysts). Our estimate is 211% above the consensus -- consider that gap carefully.
Key Risks
- P/E alone misleads — earnings depressed by growth investment
- Cyclical or commodity businesses may be misclassified as platforms
- Terminal value dominance suggests sensitivity to long-run assumptions