BioCryst Pharmaceuticals, Inc. logo BCRX - BioCryst Pharmaceuticals, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 25
HOLD 4
SELL 0
STRONG
SELL
0
| PRICE TARGET: $20.00 DETAILS
HIGH: $29.00
LOW: $14.00
MEDIAN: $17.00
CONSENSUS: $20.00
UPSIDE: 105.34%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 85% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Undervalued Strong
Trading 60.8% below fair value
Current Price $9.74
Bear Case $18.23 87.1% upside ($18.23 - $9.74) / $9.74 = 87.1% 6% stage 1 growth, 11% discount
Fair Value $24.84 155.0% upside ($24.84 - $9.74) / $9.74 = 155.0% 10% stage 1 growth, 11% discount
Bull Case $31.34 221.7% upside ($31.34 - $9.74) / $9.74 = 221.7% 13% stage 1 growth, 11% discount

Adjust Assumptions

10.1%
11.0%
3.0%

Key Value Driver

FCF growth rate (10% base case)

Terminal Value % of EV 39%
Implied Market Multiple 8.4x
Market is pricing in (growth) -3.1% vs our 10.1% 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 $20.00 from 29 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $24.84 per share.

Warnings

Stock-based employee pay equals 32% of profits. This dilutes existing shareholders, so cash flow alone overstates what owners really earn.
Wall Street's average price target is $20.00 (from 29 analysts). Our estimate is 32% 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