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Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 8
HOLD 9
SELL 1
STRONG
SELL
0
| PRICE TARGET: $118.75 DETAILS
HIGH: $154.00
LOW: $95.00
MEDIAN: $113.00
CONSENSUS: $118.75
DOWNSIDE: 11.18%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 50% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Fair Value Moderate
Trading 24.8% below fair value
Current Price $133.70
Bear Case $143.45 7.3% upside ($143.45 - $133.70) / $133.70 = 7.3% 3% stage 1 growth, 11% discount
Fair Value $177.72 32.9% upside ($177.72 - $133.70) / $133.70 = 32.9% 5% stage 1 growth, 11% discount
Bull Case $207.46 55.2% upside ($207.46 - $133.70) / $133.70 = 55.2% 7% stage 1 growth, 11% discount

Adjust Assumptions

5.3%
11.0%
3.0%

Key Value Driver

FCF growth rate (5% base case)

Terminal Value % of EV 35%
Implied Market Multiple 12.4x
Market is pricing in (growth) 2.5% vs our 5.3% 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 $177.72 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) $118.75
Analyst Range $95.00 – $154.00
Divergence from AlphaVal 50%

Warnings

ℹ Wall Street's average price target is $118.75 (from 18 analysts). Our estimate is 50% 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