Overview
Discounted cash flow
Income / accounting-based
Multiples & assets
Scenario
Toolbox
Weighted blend
$26.46
+40.91% vs spot
Strong Buy
Spot price
$18.78
Mkt cap $9.7B
subtle cardAnalyst PT consensus
$19.75
+5.17% vs spot
subtle cardMethods covered
11 / 12
8 in blend
subtle cardFootball field
BAX · fair-value range by method
Method comparison
BAX · fair value by valuation framework
| Method | Category | Fair value | Range | vs spot | Weight | Driver | Conf. |
|---|---|---|---|---|---|---|---|
| DCF · FCFF | dcf | $50.74 | $25.25 – $111.91 | +170.17% | 30.3% | WACC 4.5%, g₀=22.8%, gₗ=2.0% | high |
| DCF · FCFE | dcf | $3.21 | $2.36 – $4.54 | -82.92% | 22.7% | kₑ 7.2%, g₀=22.8%, gₗ=2.0% | high |
| DDM · Gordon | ddm | $14.35 | $12.04 – $17.74 | -23.61% | — | D₁ 0.74, kₑ 7.2%, gₗ 2.0% | low |
| DDM · H-model | ddm | $28.96 | $22.54 – $38.42 | +54.22% | — | D₀ 0.74, g₀=22.8%, gₗ=2.0%, H 5y | low |
| DDM · multi-stage | ddm | $22.58 | $19.19 – $25.96 | +20.22% | 7.6% | 5y schedule 22.8% → 2.0%, kₑ 7.2% | low |
| Residual income | income | $7.20 | $6.34 – $8.06 | -61.66% | 15.2% | BV 12.90, ROE -15.7% → kₑ | low |
| P/S · sector | multiple | $95.07 | $80.81 – $109.33 | +406.22% | 4.5% | Rev/sh 23.77 × peer P/S 4.00 | med |
| EV / EBITDA | multiple | $7.30 | $6.42 – $8.17 | -61.14% | 15.2% | EBITDA × peer 15.0× − ND 8.0B | high |
| EV / Sales | multiple | $63.82 | $54.25 – $73.39 | +239.83% | 3.0% | Sales × peer 3.40× − ND | med |
| Book NAV | asset | $12.90 | $12.25 – $13.54 | -31.32% | 1.5% | (Assets − Liabilities) / Shares | high |
| Liquidation | asset | $1.43 | $1.21 – $1.64 | -92.40% | — | Cash 100% + non-cash 70% − Liab. | low |
| Reverse DCF | reverse | — | — | — | — | Implied g 8.9% · Reasonable — in line with sector trend | high |
Cost-of-capital build-up
CAPM cost of equity, after-tax cost of debt, WACC. Risk-free as of 2026-05-12.
| Risk-free rate (US 10y Treasury)rf | 4.46% |
| Equity beta (0.62)β | × 0.62 |
| Equity risk premiumERP | 4.46% |
| Cost of equity (CAPM)kₑ | 7.23% |
| Pre-tax cost of debtkd | 2.90% |
| Effective tax ratet | 0.0% |
| After-tax cost of debt | 2.90% |
| Equity weight$6.1B | 37.9% |
| Debt weight$10.0B | 62.1% |
| WACC | 4.54% |
Growth assumptions
Blended forward growth used as DCF default; terminal pegged to long-run nominal GDP.
| Analyst forward revenue growthFMP | 1.03% |
| Analyst forward EPS growthFMP | — |
| Historical 5y revenue CAGRFY | -1.91% |
| Historical 5y EPS CAGRFY | 106.72% |
| Sustainable g (ROE × retention)Δ | -15.68% |
| Blended near-term growth (g₀) | 22.78% |
| Terminal growth (gₗ) | 2.00% |
Sources
- FMP /analyst-estimates— 8 rows(as of 2021-12-30)
- Treasury rates · 10y— 4.46% rf(as of 2026-05-12)
- market_risk_premium · DB— 4.46% ERP(as of 2026-05-13)
- Sector multiple defaults— Healthcare (live sector PE unavailable)
- FMP /price-target-consensus— mean $19.75
This page is generated by a quantitative valuation engine for research purposes only and does not constitute investment advice. Methodology follows standard CFA / Damodaran frameworks; assumptions are driven by analyst consensus from Financial Modeling Prep and reported financial statements.