Soleno Therapeutics, Inc. logo SLNO - Soleno Therapeutics, Inc.

Inactive Ticker SLNO is not actively trading. Quotes and analytics may be stale.
Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 8
HOLD 5
SELL 0
STRONG
SELL
0
| PRICE TARGET: $80.00 DETAILS
HIGH: $107.00
LOW: $53.00
MEDIAN: $80.00
CONSENSUS: $80.00
UPSIDE: 50.91%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

High-Growth Software 80% confidence

Primary model: Revenue × Terminal Margin DCF

Valuation Signal Fair Value Mild
Trading 0.6% below fair value
Current Price $53.01
Bear Case $26.29 50.4% downside ($26.29 - $53.01) / $53.01 = -50.4% 18% rev growth, 21% terminal margin
Fair Value $53.35 0.6% upside ($53.35 - $53.01) / $53.01 = 0.6% 30% rev growth, 28% terminal margin
Bull Case $74.55 40.6% upside ($74.55 - $53.01) / $53.01 = 40.6% 35% rev growth, 32% terminal margin

Adjust Assumptions

30.0%
28.0%
12.0%

Key Value Driver

Revenue growth (30%) × margin expansion to 28%

Terminal Value % of EV 59%
Implied Market Multiple 12.9x

Plain-Language Summary

Our base-case estimate uses a discounted cash flow model based on revenue growth and long-run free cash flow margins. We then blend that result with the average analyst price target of $80.00 from 13 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $53.35 per share.

Warnings

Stock-based employee pay is 24% of revenue — your ownership shrinks by about 2.0% each year as new shares are issued. Our estimate already accounts for this dilution.
Gross margin of 99% means each dollar of revenue is highly profitable. As the company grows, overhead costs should shrink as a share of revenue, boosting overall profits.
Wall Street's average price target is $80.00 (from 13 analysts). Our estimate is 42% below the consensus -- consider that gap carefully.

Key Risks

  • Current FCF misleads — the model values future margins, not today's cash
  • SBC dilution is the hidden tax: 2-4% annual share growth compounds fast
  • Revenue deceleration is inevitable — the question is when and how steep