EEFT
Euronet Worldwide, Inc.
$63.95
Platform & Compounding FCF
50%
Two-stage FCF DCF
Strong
·
Conviction
Undervalued
Trading 75.2% below fair value
You pay
$63.95
Bear
$181.47
Fair
$258.36
Bull
$336.25
Bear
$181.47
+183.8%
7% stage 1 growth, 11% discount
Fair
$258.36
+304.0%
11% stage 1 growth, 11% discount
Bull
$336.25
+425.8%
15% stage 1 growth, 11% discount
Adjust Assumptions
11.2%
11.0%
3.0%
Key Value Driver
FCF growth rate (11% base case)
Terminal Value % of EV
40%
Implied Market Multiple
6.7x
Market is pricing in (growth)
-6.5%
vs 11.2% base
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above.
Average Target (23 analysts)
$83.00
Divergence from AlphaVal
211%
Summary
Using a two-stage FCF DCF with 11% growth decelerating over 15 years, discounted at 11%, the base-case intrinsic value is $258.36 per share.
Warnings
Wall Street's average price target is $83.00 (from 23 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