Autodesk, Inc. logo ADSK - Autodesk, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 39
HOLD 9
SELL 4
STRONG
SELL
0
| PRICE TARGET: $309.00 DETAILS
HIGH: $341.00
LOW: $260.00
MEDIAN: $315.00
CONSENSUS: $309.00
UPSIDE: 45.61%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 80% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Fair Value Mild
Trading 3.0% below fair value
Current Price $212.21
Bear Case $144.77 31.8% downside ($144.77 - $212.21) / $212.21 = -31.8% 8% stage 1 growth, 12% discount
Fair Value $218.74 3.1% upside ($218.74 - $212.21) / $212.21 = 3.1% 14% stage 1 growth, 12% discount
Bull Case $298.97 40.9% upside ($298.97 - $212.21) / $212.21 = 40.9% 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

Using a two-stage FCF DCF with 14% growth decelerating over 15 years, discounted at 12%, the base-case intrinsic value is $218.74 per share.

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.

Average Target (52 analysts) $309.00
Analyst Range $260.00 – $341.00
Divergence from AlphaVal 29%

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 $309.00 (from 52 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