CYRX
Cryoport, Inc.
$14.00
Stable Earnings Power
50%
P/Adj-EPS × Normalized Multiple
Strong
·
Conviction
Undervalued
Trading 54.3% below fair value
You pay
$14.00
Bear
$24.50
Fair
$30.62
Bull
$36.75
Bear
$24.50
+75.0%
$1.62 × 18x P/E
Fair
$30.62
+118.8%
$1.62 × 22x P/E
Bull
$36.75
+162.5%
$1.62 × 27x P/E
Key Value Driver
Normalized P/E multiple (22x base case)
Implied Market Multiple
8.7x
Summary
Our base-case estimate uses a valuation based on adjusted earnings per share and a normalized price-to-earnings multiple. We then blend that result with the average analyst price target of $15.25 from 18 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $30.62 per share.
Warnings
Wall Street's average price target is $15.25 (from 18 analysts). Our estimate is 134% 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