CGEM - Cullinan Therapeutics, Inc.
Price:
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$31.25
DETAILS
HIGH:
$37.00
LOW:
$28.00
MEDIAN:
$30.00
CONSENSUS:
$31.25
UPSIDE:
76.65%
AlphaVal
Deterministic, archetype-aware fair value
Stable Earnings Power
40% confidence
Primary model: P/Adj-EPS × Normalized Multiple
Adjust Assumptions
14.0x
2.38$
Key Value Driver
Normalized P/E multiple (14x base case)
Implied Market Multiple
7.4x
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 $31.25 from 8 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $32.91 per share.
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