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: 47.58%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 85% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Overvalued Moderate
Trading 35.1% above fair value
Current Price $45.78
Bear Case $27.41 40.1% downside ($27.41 - $45.78) / $45.78 = -40.1% 3% stage 1 growth, 11% discount
Fair Value $33.88 26.0% downside ($33.88 - $45.78) / $45.78 = -26.0% 5% stage 1 growth, 11% discount
Bull Case $39.49 13.7% downside ($39.49 - $45.78) / $45.78 = -13.7% 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 18.2x
Market is pricing in (growth) 7.8% vs our 5.3% base

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 $24.00 from 14 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $33.88 per share.

Warnings

Wall Street's average price target is $24.00 (from 14 analysts). Our estimate is 51% 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