CCSI
Consensus Cloud Solutions, Inc.
$36.62
Stable Earnings Power
50%
P/Adj-EPS × Normalized Multiple
Strong
·
Conviction
Undervalued
Trading 60.8% below fair value
You pay
$36.62
Bear
$78.30
Fair
$93.52
Bull
$108.75
Bear
$78.30
+113.8%
$4.35 × 18x P/E
Fair
$93.52
+155.4%
$4.35 × 22x P/E
Bull
$108.75
+197.0%
$4.35 × 25x P/E
Adjust Assumptions
21.5x
4.35$
Key Value Driver
Normalized P/E multiple (22x base case)
Implied Market Multiple
8.4x
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above.
Average Target (6 analysts)
$25.00
Divergence from AlphaVal
274%
Summary
Applying a 22x P/E to adjusted EPS of $4.35, the base-case value is $93.52 per share.
Warnings
Wall Street's average price target is $25.00 (from 6 analysts). Our estimate is 274% above the consensus -- consider that gap carefully.
Key Risks
- Growth DCF inappropriate — terminal value assumptions dominate
- EV/EBITDA misleading for regulated businesses where capex is mandated
- Regulatory risk is a fat tail not visible in normal multiples