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Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 7
HOLD 5
SELL 0
STRONG
SELL
0
| PRICE TARGET: $210.00 DETAILS
HIGH: $223.00
LOW: $197.00
MEDIAN: $210.00
CONSENSUS: $210.00
UPSIDE: 11.29%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 50% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Overvalued Mild
Trading 5.3% above fair value
Current Price $188.69
Bear Case $124.20 34.2% downside ($124.20 - $188.69) / $188.69 = -34.2% 7% stage 1 growth, 11% discount
Fair Value $179.25 5.0% downside ($179.25 - $188.69) / $188.69 = -5.0% 11% stage 1 growth, 11% discount
Bull Case $235.29 24.7% upside ($235.29 - $188.69) / $188.69 = 24.7% 15% stage 1 growth, 11% discount

Adjust Assumptions

11.4%
11.0%
3.0%

Key Value Driver

FCF growth rate (11% base case)

Terminal Value % of EV 40%
Implied Market Multiple 25.1x
Market is pricing in (growth) 12.0% vs our 11.4% 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 $179.25 per share.

Analyst Consensus (External Reference)

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

Average Target (12 analysts) $210.00
Analyst Range $197.00 – $223.00
Divergence from AlphaVal 15%

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