Inspire Medical Systems, Inc. logo INSP - Inspire Medical Systems, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 10
HOLD 17
SELL 0
STRONG
SELL
0
| PRICE TARGET: $56.00 DETAILS
HIGH: $70.00
LOW: $39.00
MEDIAN: $55.00
CONSENSUS: $56.00
UPSIDE: 8.19%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 85% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Overvalued Strong
Trading 144.3% above fair value
Current Price $51.76
Bear Case $21.19 59.1% downside ($21.19 - $51.76) / $51.76 = -59.1% 6% stage 1 growth, 11% discount
Fair Value $21.19 59.1% downside ($21.19 - $51.76) / $51.76 = -59.1% 9% stage 1 growth, 11% discount
Bull Case $21.19 59.1% downside ($21.19 - $51.76) / $51.76 = -59.1% 12% stage 1 growth, 11% discount

Adjust Assumptions

9.2%
11.0%
3.0%

Key Value Driver

FCF growth rate (9% base case)

Terminal Value % of EV 0%

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 $56.00 from 27 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $21.19 per share.

Warnings

Stock-based employee pay equals 90% of profits. This dilutes existing shareholders, so cash flow alone overstates what owners really earn.
Wall Street's average price target is $56.00 (from 27 analysts). Our estimate is 83% 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