HELE
Helen of Troy Limited
$27.82
Stable Earnings Power
40%
P/Adj-EPS × Normalized Multiple
Strong
·
Conviction
Undervalued
Trading 75.6% below fair value
You pay
$27.82
Bear
$93.91
Fair
$114.04
Bull
$134.16
Bear
$93.91
+237.6%
$6.71 × 14x P/E
Fair
$114.04
+309.9%
$6.71 × 17x P/E
Bull
$134.16
+382.2%
$6.71 × 20x P/E
Adjust Assumptions
17.0x
6.71$
Key Value Driver
Normalized P/E multiple (17x base case)
Implied Market Multiple
4.1x
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above.
Average Target (11 analysts)
$27.00
Divergence from AlphaVal
322%
Summary
Applying a 17x P/E to adjusted EPS of $6.71, the base-case value is $114.04 per share.
Warnings
Wall Street's average price target is $27.00 (from 11 analysts). Our estimate is 322% 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