EHAB
Enhabit, Inc.
$13.80
Stable Earnings Power
40%
P/Adj-EPS × Normalized Multiple
Strong
·
Conviction
Undervalued
Trading 80.1% below fair value
You pay
$13.80
Bear
$55.38
Fair
$69.22
Bull
$83.07
Bear
$55.38
+301.3%
$4.57 × 12x P/E
Fair
$69.22
+401.6%
$4.57 × 15x P/E
Bull
$83.07
+501.9%
$4.57 × 18x P/E
Adjust Assumptions
15.1x
4.57$
Key Value Driver
Normalized P/E multiple (15x base case)
Implied Market Multiple
3.0x
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above.
Average Target (11 analysts)
$13.53
Divergence from AlphaVal
412%
Summary
Applying a 15x P/E to adjusted EPS of $4.57, the base-case value is $69.22 per share.
Warnings
Wall Street's average price target is $13.53 (from 11 analysts). Our estimate is 412% 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