Columbus McKinnon Corporation logo CMCO - Columbus McKinnon Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 10
HOLD 1
SELL 0
STRONG
SELL
0
| PRICE TARGET: $20.00 DETAILS
HIGH: $20.00
LOW: $20.00
MEDIAN: $20.00
CONSENSUS: $20.00
UPSIDE: 28.37%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Cyclical & Capital-Intensive 80% confidence

Primary model: Normalized Earnings × Cycle Multiple

Valuation Signal Undervalued Strong
Trading 49.8% below fair value
Current Price $15.58
Bear Case $25.13 61.3% upside ($25.13 - $15.58) / $15.58 = 61.3% $1.61 × 20x + net cash
Fair Value $31.05 99.3% upside ($31.05 - $15.58) / $15.58 = 99.3% $1.61 × 24x + net cash
Bull Case $36.96 137.2% upside ($36.96 - $15.58) / $15.58 = 137.2% $1.61 × 28x + net cash

Adjust Assumptions

24.0x
1.61$

Key Value Driver

Through-cycle normalized EPS ($1.61)

Implied Market Multiple 9.7x

Plain-Language Summary

Our base-case estimate uses Normalized Earnings × Cycle Multiple. We then blend that result with the average analyst price target of $20.00 from 11 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $31.05 per share.

Warnings

This company has a built-in lending arm whose debt is mixed in with the main business. We capped the debt adjustment to avoid overstating what the core business owes.
Wall Street's average price target is $20.00 (from 11 analysts). Our estimate is 69% above the consensus -- consider that gap carefully.

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