AZTA Azenta, Inc.
$37.30
Platform & Compounding FCF 50%
Two-stage FCF DCF
Strong · Conviction

Overvalued

Trading 178.9% above fair value

You pay $37.30
Bear $11.82
Fair $13.38
Bull $14.80
Bear $11.82 -68.3% 4% stage 1 growth, 12% discount
Fair $13.38 -64.1% 7% stage 1 growth, 12% discount
Bull $14.80 -60.3% 10% stage 1 growth, 12% discount

Adjust Assumptions

7.5%
12.0%
3.0%

Key Value Driver

FCF growth rate (7% base case)

Terminal Value % of EV 32%
Implied Market Multiple 62.0x
Market is pricing in (growth) 26.2% vs 7.5% base

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above.

Average Target (12 analysts) $43.00
Divergence from AlphaVal 69%

Summary

Using a two-stage FCF DCF with 7% growth decelerating over 15 years, discounted at 12%, the base-case intrinsic value is $13.38 per share.

Warnings

ℹ Wall Street's average price target is $43.00 (from 12 analysts). Our estimate is 69% below 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