CTRI
Centuri Holdings, Inc.
$30.20
Stable Earnings Power
85%
P/Adj-EPS × Normalized Multiple
Strong
·
Conviction
Overvalued
Trading 76.7% above fair value
You pay
$30.20
Bear
$14.95
Fair
$17.09
Bull
$19.23
Bear
$14.95
-50.5%
$0.78 × 14x P/E
Fair
$17.09
-43.4%
$0.78 × 16x P/E
Bull
$19.23
-36.3%
$0.78 × 18x P/E
Key Value Driver
Normalized P/E multiple (16x base case)
Implied Market Multiple
38.8x
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 $35.25 from 6 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $17.09 per share.
Warnings
The company's reported profits differ from official accounting profits by 211%. Check what costs are being left out of the adjusted number.
Wall Street's average price target is $35.25 (from 6 analysts). Our estimate is 64% 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