ARS Pharmaceuticals, Inc. logo SPRY - ARS Pharmaceuticals, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
1
BUY 3
HOLD 6
SELL 0
STRONG
SELL
0
| PRICE TARGET: $25.50 DETAILS
HIGH: $26.00
LOW: $25.00
MEDIAN: $25.50
CONSENSUS: $25.50
UPSIDE: 211.27%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Distressed or Transitioning 75% confidence

Primary model: Current EPS × Depressed Multiple

Valuation Signal Overvalued Strong
Trading 47.0% above fair value
Current Price $8.19
Bear Case $3.68 55.0% downside ($3.68 - $8.19) / $8.19 = -55.0% EPS continues to decline, 5x multiple
Fair Value $5.57 32.0% downside ($5.57 - $8.19) / $8.19 = -32.0% Current EPS stabilizes, 8x multiple
Bull Case $7.37 10.1% downside ($7.37 - $8.19) / $8.19 = -10.1% Credible recovery, multiple re-rates to 10x

Adjust Assumptions

7.5x

Key Value Driver

Whether the core business model is intact or structurally impaired

Implied Market Multiple 104.9x

Plain-Language Summary

Our base-case estimate uses Current EPS × Depressed Multiple. We then blend that result with the average analyst price target of $25.50 from 10 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $5.57 per share.

Warnings

Don't assume past cash flow levels will return — the company's troubles may have permanently reduced its ability to generate profits.
A stock can look cheap on paper and still lose half its value if the underlying business is permanently damaged.
The wide range between our best and worst cases is intentional — pretending to know a precise value for a troubled company would be misleading.
Wall Street's average price target is $25.50 (from 10 analysts). Our estimate is 98% below the consensus -- consider that gap carefully.

Key Risks

  • Bullish DCF projections are fundamentally unknowable for distressed companies
  • M&A speculation can floor the stock above intrinsic value temporarily
  • Management credibility is a key input — new CEO expands the bull case