CleanSpark, Inc. logo CLSK - CleanSpark, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 11
HOLD 0
SELL 0
STRONG
SELL 0
| PRICE TARGET: $18.90 DETAILS
HIGH: $22.50
LOW: $14.00
MEDIAN: $18.00
CONSENSUS: $18.90
UPSIDE: 10.33%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Banks, Insurers & Asset Managers 85% confidence

Primary model: P/Tangible Book × ROE Quality

Valuation Signal Fair Value Moderate
Trading 21.1% below fair value
Current Price $17.13
Bear Case $15.19 11.3% downside ($15.19 - $17.13) / $17.13 = -11.3% ROTCE 13.4% → 0.94x TBV
Fair Value $21.70 26.7% upside ($21.70 - $17.13) / $17.13 = 26.7% ROTCE 17.9% → 1.39x TBV
Bull Case $28.21 64.7% upside ($28.21 - $17.13) / $17.13 = 64.7% ROTCE 20.6% → 1.66x TBV

Adjust Assumptions

17.9%
14.0%

Key Value Driver

ROTCE (17.9%) vs. cost of equity (14.0%)

Implied Market Multiple 2.16x

Plain-Language Summary

Our base-case estimate uses P/Tangible Book × ROE Quality. We then blend that result with the average analyst price target of $18.90 from 11 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $21.70 per share.

Warnings

⚠ Traditional cash flow models don't work well for banks — lending activity distorts how much cash the business actually generates.
⚠ Common valuation shortcuts don't apply here — for banks, interest payments are a core business cost, not overhead.

Key Risks

  • Book value quality matters as much as level — check loan loss reserves
  • Interest rate sensitivity creates non-linear earnings surprises
  • Insurance reserving is actuarial, not financial — errors emerge slowly