Casey's General Stores, Inc. logo CASY - Casey's General Stores, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 15
HOLD 9
SELL 1
STRONG
SELL
0
| PRICE TARGET: $701.60 DETAILS
HIGH: $915.00
LOW: $530.00
MEDIAN: $694.00
CONSENSUS: $701.60
DOWNSIDE: 14.96%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 80% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Strong
Trading 113.7% above fair value
Current Price $825.02
Bear Case $337.73 59.1% downside ($337.73 - $825.02) / $825.02 = -59.1% $14.82 × 17x P/E
Fair Value $385.99 53.2% downside ($385.99 - $825.02) / $825.02 = -53.2% $14.82 × 19x P/E
Bull Case $434.22 47.4% downside ($434.22 - $825.02) / $825.02 = -47.4% $14.82 × 21x P/E

Adjust Assumptions

18.9x
14.82$

Key Value Driver

Normalized P/E multiple (19x base case)

Implied Market Multiple 55.7x

Plain-Language Summary

Our base-case estimate uses a valuation based on adjusted earnings per share and a normalized price-to-earnings multiple. We then blend that result with the average analyst price target of $701.60 from 25 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $385.99 per share.

Warnings

Wall Street's average price target is $701.60 (from 25 analysts). Our estimate is 60% below the consensus -- consider that gap carefully.

Key Risks

  • Growth DCF inappropriate — terminal value assumptions dominate
  • EV/EBITDA misleading for regulated businesses where capex is mandated
  • Regulatory risk is a fat tail not visible in normal multiples