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Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 5
HOLD 10
SELL 3
STRONG
SELL
0
| PRICE TARGET: $190.29 DETAILS
HIGH: $235.00
LOW: $162.00
MEDIAN: $182.00
CONSENSUS: $190.29
DOWNSIDE: 13.34%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 80% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Fair Value Mild
Trading 9.6% below fair value
Current Price $219.57
Bear Case $204.65 6.8% downside ($204.65 - $219.57) / $219.57 = -6.8% 3% stage 1 growth, 11% discount
Fair Value $242.78 10.6% upside ($242.78 - $219.57) / $219.57 = 10.6% 5% stage 1 growth, 11% discount
Bull Case $275.71 25.6% upside ($275.71 - $219.57) / $219.57 = 25.6% 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 13.8x
Market is pricing in (growth) 4.0% vs our 5.2% base

Plain-Language Summary

Using a two-stage FCF DCF with 5% growth decelerating over 15 years, discounted at 11%, the base-case intrinsic value is $242.78 per share.

Analyst Consensus (External Reference)

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

Average Target (18 analysts) $190.29
Analyst Range $162.00 – $235.00
Divergence from AlphaVal 28%

Warnings

ℹ Wall Street's average price target is $190.29 (from 18 analysts). Our estimate is 28% 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