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Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 10
HOLD 3
SELL 0
STRONG
SELL
0
| PRICE TARGET: $345.00 DETAILS
HIGH: $428.00
LOW: $302.00
MEDIAN: $330.00
CONSENSUS: $345.00
UPSIDE: 77.23%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 50% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Overvalued Strong
Trading 450.8% above fair value
Current Price $194.66
Bear Case $22.22 88.6% downside ($22.22 - $194.66) / $194.66 = -88.6% 7% stage 1 growth, 12% discount
Fair Value $35.34 81.8% downside ($35.34 - $194.66) / $194.66 = -81.8% 12% stage 1 growth, 12% discount
Bull Case $48.82 74.9% downside ($48.82 - $194.66) / $194.66 = -74.9% 16% stage 1 growth, 12% discount

Adjust Assumptions

12.0%
12.0%
3.0%

Key Value Driver

FCF growth rate (12% base case)

Terminal Value % of EV 36%
Implied Market Multiple 98.9x
Market is pricing in (growth) 32.6% vs our 12.0% base

Plain-Language Summary

Using a two-stage FCF DCF with 12% growth decelerating over 15 years, discounted at 12%, the base-case intrinsic value is $35.34 per share.

Analyst Consensus (External Reference)

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

Average Target (13 analysts) $345.00
Analyst Range $302.00 – $428.00
Divergence from AlphaVal 90%

Warnings

Wall Street's average price target is $345.00 (from 13 analysts). Our estimate is 90% 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