LTH
Life Time Group Holdings, Inc.
$41.57
Stable Earnings Power
40%
P/Adj-EPS × Normalized Multiple
Mild
·
Conviction
Overvalued
Trading 3.5% above fair value
You pay
$41.57
Bear
$32.13
Fair
$40.16
Bull
$48.20
Bear
$32.13
-22.7%
$1.72 × 18x P/E
Fair
$40.16
-3.4%
$1.72 × 22x P/E
Bull
$48.20
+15.9%
$1.72 × 27x P/E
Key Value Driver
Normalized P/E multiple (22x base case)
Implied Market Multiple
24.1x
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 $45.88 from 13 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $40.16 per share.
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