FC
Franklin Covey Co.
$17.45
Stable Earnings Power
80%
P/Adj-EPS × Normalized Multiple
Moderate
·
Conviction
Fair Value
Trading 17.2% below fair value
You pay
$17.45
Bear
$17.36
Fair
$21.08
Bull
$24.80
Bear
$17.36
-0.5%
$1.24 × 14x P/E
Fair
$21.08
+20.8%
$1.24 × 17x P/E
Bull
$24.80
+42.1%
$1.24 × 20x P/E
Adjust Assumptions
17.0x
1.24$
Key Value Driver
Normalized P/E multiple (17x base case)
Implied Market Multiple
14.1x
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above.
Average Target (8 analysts)
$25.00
Divergence from AlphaVal
16%
Summary
Applying a 17x P/E to adjusted EPS of $1.24, the base-case value is $21.08 per share.
Warnings
The company's reported profits differ from official accounting profits by 417%. Check what costs are being left out of the adjusted number.
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