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: $17.00 DETAILS
HIGH: $17.00
LOW: $17.00
MEDIAN: $17.00
CONSENSUS: $17.00
UPSIDE: 28.40%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Distressed or Transitioning 75% confidence

Primary model: Current EPS × Depressed Multiple

Valuation Signal Overvalued Mild
Trading 1.3% above fair value
Current Price $13.24
Bear Case $8.71 34.2% downside ($8.71 - $13.24) / $13.24 = -34.2% EPS continues to decline, 5x multiple
Fair Value $13.06 1.3% downside ($13.06 - $13.24) / $13.24 = -1.3% Current EPS stabilizes, 8x multiple
Bull Case $17.41 31.5% upside ($17.41 - $13.24) / $13.24 = 31.5% Credible recovery, multiple re-rates to 10x

Adjust Assumptions

7.5x

Key Value Driver

Whether the core business model is intact or structurally impaired

Implied Market Multiple 8.2x

Plain-Language Summary

Our base-case estimate uses Current EPS × Depressed Multiple. We then blend that result with the average analyst price target of $17.00 from 11 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $13.06 per share.

Warnings

Don't assume past cash flow levels will return — the company's troubles may have permanently reduced its ability to generate profits.
A stock can look cheap on paper and still lose half its value if the underlying business is permanently damaged.
The wide range between our best and worst cases is intentional — pretending to know a precise value for a troubled company would be misleading.
Debt per share ($79.65) is more than half the stock price. With this much debt on a struggling business, the paths to recovery for shareholders are narrow.
Wall Street's average price target is $17.00 (from 11 analysts). Our estimate is 29% below the consensus -- consider that gap carefully.

Key Risks

  • Bullish DCF projections are fundamentally unknowable for distressed companies
  • M&A speculation can floor the stock above intrinsic value temporarily
  • Management credibility is a key input — new CEO expands the bull case