ITGR
Integer Holdings Corporation
$125.33
Stable Earnings Power
80%
P/Adj-EPS × Normalized Multiple
Moderate
·
Conviction
Overvalued
Trading 34.6% above fair value
You pay
$125.33
Bear
$74.52
Fair
$93.14
Bull
$111.76
Bear
$74.52
-40.5%
$4.88 × 14x P/E
Fair
$93.14
-25.7%
$4.88 × 18x P/E
Bull
$111.76
-10.8%
$4.88 × 21x P/E
Key Value Driver
Normalized P/E multiple (18x base case)
Implied Market Multiple
25.7x
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 $114.80 from 16 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $93.14 per share.
Warnings
The company's reported profits differ from official accounting profits by 69%. Check what costs are being left out of the adjusted number.
Wall Street's average price target is $114.80 (from 16 analysts). Our estimate is 25% 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