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: $55.17 DETAILS
HIGH: $61.00
LOW: $48.00
MEDIAN: $56.00
CONSENSUS: $55.17
UPSIDE: 31.39%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 85% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Fair Value Mild
Trading 13.0% below fair value
Current Price $41.99
Bear Case $38.74 7.7% downside ($38.74 - $41.99) / $41.99 = -7.7% 4% stage 1 growth, 11% discount
Fair Value $48.29 15.0% upside ($48.29 - $41.99) / $41.99 = 15.0% 6% stage 1 growth, 11% discount
Bull Case $56.71 35.0% upside ($56.71 - $41.99) / $41.99 = 35.0% 8% stage 1 growth, 11% discount

Adjust Assumptions

5.9%
11.0%
3.0%

Key Value Driver

FCF growth rate (6% base case)

Terminal Value % of EV 35%
Implied Market Multiple 14.2x
Market is pricing in (growth) 4.4% vs our 5.9% base

Plain-Language Summary

Using a two-stage FCF DCF with 6% growth decelerating over 15 years, discounted at 11%, the base-case intrinsic value is $48.29 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) $55.17
Analyst Range $48.00 – $61.00
Divergence from AlphaVal 12%

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