Harmony Biosciences Holdings, Inc. logo HRMY - Harmony Biosciences Holdings, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 8
HOLD 3
SELL 2
STRONG
SELL
0
| PRICE TARGET: $44.00 DETAILS
HIGH: $50.00
LOW: $36.00
MEDIAN: $46.00
CONSENSUS: $44.00
UPSIDE: 26.40%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 85% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Undervalued Strong
Trading 74.7% below fair value
Current Price $34.81
Bear Case $94.53 171.6% upside ($94.53 - $34.81) / $34.81 = 171.6% 8% stage 1 growth, 11% discount
Fair Value $137.42 294.8% upside ($137.42 - $34.81) / $34.81 = 294.8% 13% stage 1 growth, 11% discount
Bull Case $183.38 426.8% upside ($183.38 - $34.81) / $34.81 = 426.8% 17% stage 1 growth, 11% discount

Adjust Assumptions

13.4%
11.0%
3.0%

Key Value Driver

FCF growth rate (13% base case)

Terminal Value % of EV 42%
Implied Market Multiple 4.7x
Market is pricing in (growth) -11.9% vs our 13.4% 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 $44.00 from 13 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $137.42 per share.

Warnings

Wall Street's average price target is $44.00 (from 13 analysts). Our estimate is 265% 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