DAN Dana Incorporated
$29.02
Stable Earnings Power 80%
P/Adj-EPS × Normalized Multiple
Strong · Conviction

Overvalued

Trading 183.4% above fair value

You pay $29.02
Bear $8.96
Fair $10.24
Bull $11.52
Bear $8.96 -69.1% $0.64 × 14x P/E
Fair $10.24 -64.7% $0.64 × 16x P/E
Bull $11.52 -60.3% $0.64 × 18x P/E

Adjust Assumptions

16.0x
0.64$

Key Value Driver

Normalized P/E multiple (16x base case)

Implied Market Multiple 45.3x

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above.

Average Target (24 analysts) $36.00
Divergence from AlphaVal 72%

Summary

Applying a 16x P/E to adjusted EPS of $0.64, the base-case value is $10.24 per share. DDM cross-check: $9.16.

Warnings

ℹ Wall Street's average price target is $36.00 (from 24 analysts). Our estimate is 72% 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