LNTH
Lantheus Holdings, Inc.
$103.00
Platform & Compounding FCF
85%
Two-stage FCF DCF
Moderate
·
Conviction
Fair Value
Trading 21.8% below fair value
You pay
$103.00
Bear
$93.80
Fair
$131.75
Bull
$170.92
Bear
$93.80
-8.9%
7% stage 1 growth, 11% discount
Fair
$131.75
+27.9%
12% stage 1 growth, 11% discount
Bull
$170.92
+65.9%
16% stage 1 growth, 11% discount
Key Value Driver
FCF growth rate (12% base case)
Terminal Value % of EV
40%
Implied Market Multiple
17.9x
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 $103.50 from 17 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $131.75 per share.
Warnings
Wall Street's average price target is $103.50 (from 17 analysts). Our estimate is 36% 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