Magnite, Inc. logo MGNI - Magnite, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 18
HOLD 9
SELL 4
STRONG
SELL
0
| PRICE TARGET: $19.00 DETAILS
HIGH: $21.00
LOW: $16.00
MEDIAN: $20.00
CONSENSUS: $19.00
UPSIDE: 43.94%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 85% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Undervalued Moderate
Trading 38.4% below fair value
Current Price $13.20
Bear Case $14.47 9.6% upside ($14.47 - $13.20) / $13.20 = 9.6% 9% stage 1 growth, 12% discount
Fair Value $21.44 62.4% upside ($21.44 - $13.20) / $13.20 = 62.4% 15% stage 1 growth, 12% discount
Bull Case $29.17 121.0% upside ($29.17 - $13.20) / $13.20 = 121.0% 20% stage 1 growth, 12% discount

Adjust Assumptions

15.1%
12.0%
3.0%

Key Value Driver

FCF growth rate (15% base case)

Terminal Value % of EV 39%
Implied Market Multiple 14.9x

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 $19.00 from 31 analysts, using a 30% weight on analyst consensus. That produces an estimated intrinsic value of $21.44 per share.

Warnings

Stock-based employee pay equals 53% of profits. This dilutes existing shareholders, so cash flow alone overstates what owners really earn.

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