CORT - Corcept Therapeutics Incorporated
Price:
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$117.60
DETAILS
HIGH:
$165.00
LOW:
$50.00
MEDIAN:
$135.00
CONSENSUS:
$117.60
UPSIDE:
4.26%
AlphaVal
Deterministic, archetype-aware fair value
Platform & Compounding FCF
85% confidence
Primary model: Two-stage FCF DCF
Adjust Assumptions
20.4%
11.0%
3.0%
Key Value Driver
FCF growth rate (20% base case)
Terminal Value % of EV
47%
Implied Market Multiple
150.8x
Market is pricing in (growth)
36.1%
vs our 20.4% 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 $117.60 from 26 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $57.66 per share.
Warnings
Stock-based employee pay equals 85% of profits. This dilutes existing shareholders, so cash flow alone overstates what owners really earn.
Wall Street's average price target is $117.60 (from 26 analysts). Our estimate is 68% 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