AORT
Artivion, Inc.
$22.46
Stable Earnings Power
80%
P/Adj-EPS × Normalized Multiple
Moderate
·
Conviction
Overvalued
Trading 35.0% above fair value
You pay
$22.46
Bear
$13.30
Fair
$16.63
Bull
$19.94
Bear
$13.30
-40.8%
$0.42 × 14x P/E
Fair
$16.63
-25.9%
$0.42 × 18x P/E
Bull
$19.94
-11.2%
$0.42 × 21x P/E
Key Value Driver
Normalized P/E multiple (18x base case)
Implied Market Multiple
53.1x
Summary
Our base-case estimate uses a valuation based on adjusted earnings per share and a normalized price-to-earnings multiple. We then blend that result with the average analyst price target of $53.00 from 12 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $16.63 per share.
Warnings
The company's reported profits differ from official accounting profits by 101%. Check what costs are being left out of the adjusted number.
Wall Street's average price target is $53.00 (from 12 analysts). Our estimate is 86% below the consensus -- consider that gap carefully.
Key Risks
- Growth DCF inappropriate — terminal value assumptions dominate
- EV/EBITDA misleading for regulated businesses where capex is mandated
- Regulatory risk is a fat tail not visible in normal multiples