StubHub Holdings, Inc. logo STUB - StubHub Holdings, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 3
HOLD 6
SELL 0
STRONG
SELL
0
| PRICE TARGET: $12.81 DETAILS
HIGH: $18.00
LOW: $8.75
MEDIAN: $12.25
CONSENSUS: $12.81
UPSIDE: 28.36%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

High-Growth Software 80% confidence

Primary model: Revenue × Terminal Margin DCF

Valuation Signal Undervalued Strong
Trading 79.0% below fair value
Current Price $9.98
Bear Case $19.13 91.7% upside ($19.13 - $9.98) / $9.98 = 91.7% 18% rev growth, 21% terminal margin
Fair Value $47.63 377.2% upside ($47.63 - $9.98) / $9.98 = 377.2% 30% rev growth, 28% terminal margin
Bull Case $70.27 604.1% upside ($70.27 - $9.98) / $9.98 = 604.1% 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 64%
Implied Market Multiple 2.2x

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 $12.81 from 9 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $47.63 per share.

Warnings

Our estimate assumes profit margins grow from 11% to 28% over 10 years. If that improvement stalls, the company is worth considerably less.
Gross margin of 81% 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 $12.81 (from 9 analysts). Our estimate is 340% above 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