Autodesk, Inc. logo ADSK - Autodesk, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 38
HOLD 9
SELL 4
STRONG
SELL
0
| PRICE TARGET: $310.20 DETAILS
HIGH: $369.00
LOW: $262.00
MEDIAN: $302.50
CONSENSUS: $310.20
UPSIDE: 46.17%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 80% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Fair Value Moderate
Trading 15.4% below fair value
Current Price $212.22
Bear Case $165.96 21.8% downside ($165.96 - $212.22) / $212.22 = -21.8% 8% stage 1 growth, 12% discount
Fair Value $250.75 18.2% upside ($250.75 - $212.22) / $212.22 = 18.2% 14% stage 1 growth, 12% discount
Bull Case $342.72 61.5% upside ($342.72 - $212.22) / $212.22 = 61.5% 18% stage 1 growth, 12% discount

Adjust Assumptions

14.1%
12.0%
3.0%

Key Value Driver

FCF growth rate (14% base case)

Terminal Value % of EV 38%
Implied Market Multiple 24.7x
Market is pricing in (growth) 13.7% vs our 14.1% base

Plain-Language 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 $310.20 from 51 analysts, using a 35% weight on analyst consensus. That produces an estimated intrinsic value of $250.75 per share.

Warnings

Stock-based employee pay equals 70% of profits. This dilutes existing shareholders, so cash flow alone overstates what owners really earn.
Wall Street's average price target is $310.20 (from 51 analysts). Our estimate is 29% below 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