VVX
V2X, Inc.
$73.97
Platform & Compounding FCF
85%
Two-stage FCF DCF
Mild
·
Conviction
Fair Value
Trading 7.1% below fair value
You pay
$73.97
Bear
$54.28
Fair
$79.66
Bull
$104.16
Bear
$54.28
-26.6%
6% stage 1 growth, 11% discount
Fair
$79.66
+7.7%
9% stage 1 growth, 11% discount
Bull
$104.16
+40.8%
12% stage 1 growth, 11% discount
Key Value Driver
FCF growth rate (9% base case)
Terminal Value % of EV
38%
Implied Market Multiple
19.3x
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 $78.60 from 19 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $79.66 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