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: $928.93 DETAILS
HIGH: $1,069.00
LOW: $730.00
MEDIAN: $950.00
CONSENSUS: $928.93
UPSIDE: 8.13%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 80% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Strong
Trading 58.1% above fair value
Current Price $859.12
Bear Case $475.43 44.7% downside ($475.43 - $859.12) / $859.12 = -44.7% $19.16 × 19x P/E
Fair Value $543.35 36.8% downside ($543.35 - $859.12) / $859.12 = -36.8% $19.16 × 22x P/E
Bull Case $611.26 28.9% downside ($611.26 - $859.12) / $859.12 = -28.9% $19.16 × 24x P/E

Adjust Assumptions

21.7x
19.16$

Key Value Driver

Normalized P/E multiple (22x base case)

Implied Market Multiple 44.8x

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 $928.93 from 26 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $543.35 per share.

Warnings

Wall Street's average price target is $928.93 (from 26 analysts). Our estimate is 55% 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