DD
DuPont de Nemours, Inc.
$135.29
Stable Earnings Power
40%
P/Adj-EPS × Normalized Multiple
Moderate
·
Conviction
Undervalued
Trading 36.8% below fair value
You pay
$135.29
Bear
$171.21
Fair
$214.01
Bull
$256.81
Bear
$171.21
+26.5%
$13.15 × 17x P/E
Fair
$214.01
+58.2%
$13.15 × 21x P/E
Bull
$256.81
+89.8%
$13.15 × 26x P/E
Key Value Driver
Normalized P/E multiple (21x base case)
Implied Market Multiple
10.3x
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 $56.38 from 41 analysts, using a 30% weight on analyst consensus. That produces an estimated intrinsic value of $214.01 per share.
Warnings
Wall Street's average price target is $56.38 (from 41 analysts). Our estimate is 399% above 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