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

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 17
HOLD 9
SELL 0
STRONG
SELL
0
| PRICE TARGET: $944.23 DETAILS
HIGH: $1,069.00
LOW: $795.00
MEDIAN: $950.00
CONSENSUS: $944.23
UPSIDE: 10.20%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 80% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Strong
Trading 56.6% above fair value
Current Price $856.86
Bear Case $478.78 44.1% downside ($478.78 - $856.86) / $856.86 = -44.1% $19.16 × 19x P/E
Fair Value $547.17 36.1% downside ($547.17 - $856.86) / $856.86 = -36.1% $19.16 × 22x P/E
Bull Case $615.57 28.2% downside ($615.57 - $856.86) / $856.86 = -28.2% $19.16 × 24x P/E

Adjust Assumptions

21.7x
19.16$

Key Value Driver

Normalized P/E multiple (22x base case)

Implied Market Multiple 44.7x

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 $944.23 from 26 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $547.17 per share.

Warnings

Wall Street's average price target is $944.23 (from 26 analysts). Our estimate is 56% 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