DoubleVerify Holdings, Inc. logo DV - DoubleVerify Holdings, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 20
HOLD 12
SELL 1
STRONG
SELL
0
| PRICE TARGET: $13.38 DETAILS
HIGH: $15.50
LOW: $12.00
MEDIAN: $13.00
CONSENSUS: $13.38
UPSIDE: 14.65%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 85% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Undervalued Moderate
Trading 37.1% below fair value
Current Price $11.67
Bear Case $12.07 3.4% upside ($12.07 - $11.67) / $11.67 = 3.4% 9% stage 1 growth, 11% discount
Fair Value $18.55 58.9% upside ($18.55 - $11.67) / $11.67 = 58.9% 15% stage 1 growth, 11% discount
Bull Case $25.82 121.2% upside ($25.82 - $11.67) / $11.67 = 121.2% 20% stage 1 growth, 11% discount

Adjust Assumptions

15.3%
11.0%
3.0%

Key Value Driver

FCF growth rate (15% base case)

Terminal Value % of EV 43%
Implied Market Multiple 17.3x
Market is pricing in (growth) 7.0% vs our 15.3% 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 $13.38 from 33 analysts, using a 30% weight on analyst consensus. That produces an estimated intrinsic value of $18.55 per share.

Warnings

Stock-based employee pay equals 206% of profits. This dilutes existing shareholders, so cash flow alone overstates what owners really earn.
Wall Street's average price target is $13.38 (from 33 analysts). Our estimate is 55% 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