MNDY
monday.com Ltd.
$79.06
Platform & Compounding FCF
85%
Two-stage FCF DCF
Strong
·
Conviction
Undervalued
Trading 69.3% below fair value
You pay
$79.06
Bear
$151.04
Fair
$257.45
Bull
$391.10
Bear
$151.04
+91.1%
12% stage 1 growth, 11% discount
Fair
$257.45
+225.7%
20% stage 1 growth, 11% discount
Bull
$391.10
+394.7%
26% stage 1 growth, 11% discount
Key Value Driver
FCF growth rate (20% base case)
Terminal Value % of EV
46%
Implied Market Multiple
8.7x
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 $117.19 from 25 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $257.45 per share.
Warnings
Wall Street's average price target is $117.19 (from 25 analysts). Our estimate is 160% 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