ANSS - ANSYS, Inc.
Price:
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AlphaVal
Deterministic, archetype-aware fair value
Platform & Compounding FCF
80% confidence
Primary model: Two-stage FCF DCF
Adjust Assumptions
12.9%
11.0%
3.0%
Key Value Driver
FCF growth rate (13% base case)
Terminal Value % of EV
41%
Implied Market Multiple
98.8x
Market is pricing in (growth)
30.3%
vs our 12.9% base
Plain-Language Summary
Using a two-stage FCF DCF with 13% growth decelerating over 15 years, discounted at 11%, the base-case intrinsic value is $107.81 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