Super Group (SGHC) Limited logo SGHC - Super Group (SGHC) Limited

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 8
HOLD 0
SELL 0
STRONG
SELL
0
| PRICE TARGET: $13.71 DETAILS
HIGH: $19.00
LOW: $6.00
MEDIAN: $17.00
CONSENSUS: $13.71
DOWNSIDE: 6.80%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 85% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Fair Value Mild
Trading 10.9% below fair value
Current Price $14.71
Bear Case $11.71 20.4% downside ($11.71 - $14.71) / $14.71 = -20.4% 7% stage 1 growth, 11% discount
Fair Value $16.51 12.2% upside ($16.51 - $14.71) / $14.71 = 12.2% 12% stage 1 growth, 11% discount
Bull Case $21.50 46.1% upside ($21.50 - $14.71) / $14.71 = 46.1% 16% stage 1 growth, 11% discount

Adjust Assumptions

12.2%
11.0%
3.0%

Key Value Driver

FCF growth rate (12% base case)

Terminal Value % of EV 41%
Implied Market Multiple 21.6x
Market is pricing in (growth) 10.0% vs our 12.2% base

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 $13.71 from 8 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $16.51 per share.

Warnings

Wall Street's average price target is $13.71 (from 8 analysts). Our estimate is 26% 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