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: $24.00 DETAILS
HIGH: $24.00
LOW: $24.00
MEDIAN: $24.00
CONSENSUS: $24.00
DOWNSIDE: 42.95%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 85% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Fair Value Mild
Trading 7.5% below fair value
Current Price $42.07
Bear Case $37.11 11.8% downside ($37.11 - $42.07) / $42.07 = -11.8% 3% stage 1 growth, 11% discount
Fair Value $45.48 8.1% upside ($45.48 - $42.07) / $42.07 = 8.1% 5% stage 1 growth, 11% discount
Bull Case $52.75 25.4% upside ($52.75 - $42.07) / $42.07 = 25.4% 7% stage 1 growth, 11% discount

Adjust Assumptions

5.4%
11.0%
3.0%

Key Value Driver

FCF growth rate (5% base case)

Terminal Value % of EV 35%
Implied Market Multiple 14.4x
Market is pricing in (growth) 4.6% vs our 5.4% base

Plain-Language Summary

Using a two-stage FCF DCF with 5% growth decelerating over 15 years, discounted at 11%, the base-case intrinsic value is $45.48 per share.

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.

Average Target (14 analysts) $24.00
Analyst Range $24.00 – $24.00
Divergence from AlphaVal 89%

Warnings

Wall Street's average price target is $24.00 (from 14 analysts). Our estimate is 89% above 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