APTV
Aptiv PLC
$43.61
Stable Earnings Power
80%
P/Adj-EPS × Normalized Multiple
Strong
·
Conviction
Undervalued
Trading 40.2% below fair value
You pay
$43.61
Bear
$63.78
Fair
$72.89
Bull
$82.00
Bear
$63.78
+46.2%
$4.27 × 15x P/E
Fair
$72.89
+67.1%
$4.27 × 17x P/E
Bull
$82.00
+88.0%
$4.27 × 19x P/E
Adjust Assumptions
17.1x
4.27$
Key Value Driver
Normalized P/E multiple (17x base case)
Implied Market Multiple
10.2x
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above.
Average Target (33 analysts)
$64.91
Divergence from AlphaVal
12%
Summary
Applying a 17x P/E to adjusted EPS of $4.27, the base-case value is $72.89 per share.
Warnings
The company's reported profits differ from official accounting profits by 470%. Check what costs are being left out of the adjusted number.
The company pays out 117% of its profits as dividends. That leaves little cushion — the dividend could be cut if business slows down.
This stock is 51% below its 52-week high, with weak or declining earnings. That combination often signals real trouble, even though the valuation below is based on other fundamentals.
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