Cardinal Infrastructure Group Inc. logo CDNL - Cardinal Infrastructure Group Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 3
HOLD 0
SELL 0
STRONG
SELL
0
| PRICE TARGET: $52.33 DETAILS
HIGH: $70.00
LOW: $35.00
MEDIAN: $52.00
CONSENSUS: $52.33
UPSIDE: 15.93%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Cyclical & Capital-Intensive 70% confidence

Primary model: Normalized Earnings × Cycle Multiple

Valuation Signal Overvalued Strong
Trading 63.9% above fair value
Current Price $45.14
Bear Case $21.42 52.5% downside ($21.42 - $45.14) / $45.14 = -52.5% $1.53 × 14x
Fair Value $27.54 39.0% downside ($27.54 - $45.14) / $45.14 = -39.0% $1.53 × 18x
Bull Case $33.66 25.4% downside ($33.66 - $45.14) / $45.14 = -25.4% $1.53 × 22x

Adjust Assumptions

18.0x
1.53$

Key Value Driver

Through-cycle normalized EPS ($1.53)

Implied Market Multiple 29.5x

Plain-Language Summary

Using 2-year normalized EPS of $1.53 at a 18x cycle multiple, the base-case value is $27.54 per share. P/TBV cross-check: 35.5x.

Warnings

Price-to-book value of 35.5x is above the normal range for this type of business (0.7x-2.0x). The stock may already price in a strong cycle.

Key Risks

  • Standard 10-year DCF produces unreliable terminal values for cyclicals
  • 'Cheap' P/E at cycle peak is the most common value trap — normalize first
  • Captive finance subsidiaries have different risk profiles from manufacturing