Cullinan Therapeutics, Inc. logo CGEM - Cullinan Therapeutics, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 8
HOLD 0
SELL 0
STRONG
SELL
0
| PRICE TARGET: $31.00 DETAILS
HIGH: $37.00
LOW: $28.00
MEDIAN: $30.00
CONSENSUS: $31.00
UPSIDE: 123.99%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 40% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Undervalued Strong
Trading 57.9% below fair value
Current Price $13.84
Bear Case $28.16 103.5% upside ($28.16 - $13.84) / $13.84 = 103.5% $2.38 × 12x P/E
Fair Value $32.86 137.4% upside ($32.86 - $13.84) / $13.84 = 137.4% $2.38 × 14x P/E
Bull Case $37.55 171.3% upside ($37.55 - $13.84) / $13.84 = 171.3% $2.38 × 16x P/E

Adjust Assumptions

14.0x
2.38$

Key Value Driver

Normalized P/E multiple (14x base case)

Implied Market Multiple 5.8x

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 $31.00 from 8 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $32.86 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