JBT Marel Corporation logo JBTM - JBT Marel Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 2
HOLD 0
SELL 0
STRONG
SELL
0
| PRICE TARGET: $170.00 DETAILS
HIGH: $175.00
LOW: $165.00
MEDIAN: $170.00
CONSENSUS: $170.00
UPSIDE: 22.52%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 85% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Overvalued Strong
Trading 108.5% above fair value
Current Price $138.75
Bear Case $38.71 72.1% downside ($38.71 - $138.75) / $138.75 = -72.1% 7% stage 1 growth, 11% discount
Fair Value $66.55 52.0% downside ($66.55 - $138.75) / $138.75 = -52.0% 11% stage 1 growth, 11% discount
Bull Case $94.66 31.8% downside ($94.66 - $138.75) / $138.75 = -31.8% 14% stage 1 growth, 11% discount

Adjust Assumptions

11.1%
11.0%
3.0%

Key Value Driver

FCF growth rate (11% base case)

Terminal Value % of EV 40%
Implied Market Multiple 40.4x
Market is pricing in (growth) 18.4% vs our 11.1% base

Plain-Language Summary

Using a two-stage FCF DCF with 11% growth decelerating over 15 years, discounted at 11%, the base-case intrinsic value is $66.55 per share.

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