Alphatec Holdings, Inc.

AI-generated fair value estimate for this company.

Method: Revenue-ramp FCF DCF: $882M FY2026E revenue base growing 14%,14%,12%,11%,10%,9%,8%,7%,6%,6% over 10 years; FCF margin ramping from ~3% to a normalized 16% by year 8; 10% discount rate; 3% terminal growth; $480M net debt; 154.45M diluted shares outstanding.

Reasoning: Alphatec only recently turned free-cash-flow positive despite strong ~15% revenue growth and rapidly expanding adjusted EBITDA margins, so a margin-ramp DCF that lets FCF margin climb toward the company's own near-term EBITDA-margin trajectory captures value better than a mature-company multiple or simple perpetuity DCF.