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Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 24
HOLD 11
SELL 0
STRONG
SELL
0
| PRICE TARGET: $409.60 DETAILS
HIGH: $450.00
LOW: $350.00
MEDIAN: $415.50
CONSENSUS: $409.60
UPSIDE: 31.44%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 70% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Overvalued Strong
Trading 97.7% above fair value
Current Price $311.62
Bear Case $109.81 64.8% downside ($109.81 - $311.62) / $311.62 = -64.8% 7% stage 1 growth, 12% discount
Fair Value $157.65 49.4% downside ($157.65 - $311.62) / $311.62 = -49.4% 12% stage 1 growth, 12% discount
Bull Case $206.61 33.7% downside ($206.61 - $311.62) / $311.62 = -33.7% 15% stage 1 growth, 12% discount

Adjust Assumptions

11.8%
12.0%
3.0%

Key Value Driver

FCF growth rate (12% base case)

Terminal Value % of EV 36%
Implied Market Multiple 41.5x
Market is pricing in (growth) 20.8% vs our 11.8% base

Plain-Language Summary

Using a two-stage FCF DCF with 12% growth decelerating over 15 years, discounted at 12%, the base-case intrinsic value is $157.65 per share.

Analyst Consensus (External Reference)

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

Average Target (35 analysts) $409.60
Analyst Range $350.00 – $450.00
Divergence from AlphaVal 62%

Warnings

ℹ Wall Street's average price target is $409.60 (from 35 analysts). Our estimate is 62% 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