CBIZ, Inc. logo CBZ - CBIZ, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 1
HOLD 1
SELL 0
STRONG
SELL 0
| PRICE TARGET: $41.33 DETAILS
HIGH: $45.00
LOW: $37.00
MEDIAN: $42.00
CONSENSUS: $41.33
UPSIDE: 2.13%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 85% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Overvalued Strong
Trading 346.9% above fair value
Current Price $40.47
Bear Case $4.41 89.1% downside ($4.41 - $40.47) / $40.47 = -89.1% 3% stage 1 growth, 11% discount
Fair Value $9.06 77.6% downside ($9.06 - $40.47) / $40.47 = -77.6% 5% stage 1 growth, 11% discount
Bull Case $13.54 66.5% downside ($13.54 - $40.47) / $40.47 = -66.5% 6% stage 1 growth, 11% discount

Adjust Assumptions

4.6%
11.0%
3.0%

Key Value Driver

FCF growth rate (5% base case)

Terminal Value % of EV 34%
Implied Market Multiple 25.3x
Market is pricing in (growth) 12.1% vs our 4.6% base

Plain-Language Summary

Using a two-stage FCF DCF with 5% growth decelerating over 15 years, discounted at 11%, the base-case intrinsic value is $9.06 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