ICF International, Inc. logo ICFI - ICF International, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 9
HOLD 4
SELL 0
STRONG
SELL
0
| PRICE TARGET: $108.67 DETAILS
HIGH: $121.00
LOW: $90.00
MEDIAN: $115.00
CONSENSUS: $108.67
UPSIDE: 36.66%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 50% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Overvalued Moderate
Trading 17.0% above fair value
Current Price $79.52
Bear Case $53.32 32.9% downside ($53.32 - $79.52) / $79.52 = -32.9% 3% stage 1 growth, 11% discount
Fair Value $67.94 14.6% downside ($67.94 - $79.52) / $79.52 = -14.6% 5% stage 1 growth, 11% discount
Bull Case $80.58 1.3% upside ($80.58 - $79.52) / $79.52 = 1.3% 7% stage 1 growth, 11% discount

Adjust Assumptions

5.2%
11.0%
3.0%

Key Value Driver

FCF growth rate (5% base case)

Terminal Value % of EV 35%
Implied Market Multiple 18.8x
Market is pricing in (growth) 8.1% vs our 5.2% 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 $108.67 from 13 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $67.94 per share.

Warnings

Wall Street's average price target is $108.67 (from 13 analysts). Our estimate is 47% 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