CHRW
C.H. Robinson Worldwide, Inc.
$174.23
Stable Earnings Power
65%
P/Adj-EPS × Normalized Multiple
Strong
·
Conviction
Overvalued
Trading 61.4% above fair value
You pay
$174.23
Bear
$86.35
Fair
$107.94
Bull
$129.53
Bear
$86.35
-50.4%
$4.90 × 12x P/E
Fair
$107.94
-38.1%
$4.90 × 15x P/E
Bull
$129.53
-25.7%
$4.90 × 18x P/E
Key Value Driver
Normalized P/E multiple (15x base case)
Implied Market Multiple
35.5x
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 $188.12 from 46 analysts, using a 30% weight on analyst consensus. That produces an estimated intrinsic value of $107.94 per share.
Warnings
Dividend-based valuation: $52.24 (below our primary estimate by 29%). Large gaps may signal the dividend doesn't reflect full earning power.
Wall Street's average price target is $188.12 (from 46 analysts). Our estimate is 61% 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