Core & Main, Inc. logo CNM - Core & Main, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 8
HOLD 5
SELL 1
STRONG
SELL
0
| PRICE TARGET: $64.00 DETAILS
HIGH: $65.00
LOW: $63.00
MEDIAN: $64.00
CONSENSUS: $64.00
UPSIDE: 35.39%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 85% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Overvalued Mild
Trading 13.2% above fair value
Current Price $47.27
Bear Case $33.78 28.5% downside ($33.78 - $47.27) / $47.27 = -28.5% 3% stage 1 growth, 11% discount
Fair Value $41.76 11.7% downside ($41.76 - $47.27) / $47.27 = -11.7% 5% stage 1 growth, 11% discount
Bull Case $48.68 3.0% upside ($48.68 - $47.27) / $47.27 = 3.0% 7% stage 1 growth, 11% discount

Adjust Assumptions

5.3%
11.0%
3.0%

Key Value Driver

FCF growth rate (5% base case)

Terminal Value % of EV 35%
Implied Market Multiple 18.8x

Plain-Language Summary

Our base-case estimate uses a two-stage discounted cash flow model based on free cash flow. We then blend that result with the average analyst price target of $64.00 from 14 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $41.76 per share.

Warnings

Wall Street's average price target is $64.00 (from 14 analysts). Our estimate is 43% below the consensus -- consider that gap carefully.

Key Risks

  • P/E alone misleads — earnings depressed by growth investment
  • Cyclical or commodity businesses may be misclassified as platforms
  • Terminal value dominance suggests sensitivity to long-run assumptions