LNTH
Lantheus Holdings, Inc.
$100.18
Platform & Compounding FCF
85%
Two-stage FCF DCF
Strong
·
Conviction
Undervalued
Trading 45.8% below fair value
You pay
$100.18
Bear
$113.57
Fair
$185.00
Bull
$266.19
Bear
$113.57
+13.4%
9% stage 1 growth, 11% discount
Fair
$185.00
+84.7%
16% stage 1 growth, 11% discount
Bull
$266.19
+165.7%
21% stage 1 growth, 11% discount
Adjust Assumptions
15.8%
11.0%
3.0%
Key Value Driver
FCF growth rate (16% base case)
Terminal Value % of EV
43%
Implied Market Multiple
18.4x
Market is pricing in (growth)
7.9%
vs 15.8% base
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above.
Average Target (19 analysts)
$104.48
Divergence from AlphaVal
77%
Summary
Using a two-stage FCF DCF with 16% growth decelerating over 15 years, discounted at 11%, the base-case intrinsic value is $185.00 per share.
Warnings
Wall Street's average price target is $104.48 (from 19 analysts). Our estimate is 77% 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