LNTH
Lantheus Holdings, Inc.
$105.11
Platform & Compounding FCF
85%
Two-stage FCF DCF
Moderate
·
Conviction
Fair Value
Trading 17.1% below fair value
You pay
$105.11
Bear
$87.65
Fair
$126.81
Bull
$167.24
Bear
$87.65
-16.6%
7% stage 1 growth, 11% discount
Fair
$126.81
+20.7%
12% stage 1 growth, 11% discount
Bull
$167.24
+59.1%
16% stage 1 growth, 11% discount
Key Value Driver
FCF growth rate (12% base case)
Terminal Value % of EV
40%
Implied Market Multiple
20.1x
Market is pricing in (growth)
9.0%
vs 11.9% base
Summary
Our base-case estimate uses a two-stage discounted cash flow model based on free cash flow. We then blend that result with the average analyst price target of $112.25 from 17 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $126.81 per share.
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