MD
Pediatrix Medical Group, Inc.
$26.77
Stable Earnings Power
80%
P/Adj-EPS × Normalized Multiple
Mild
·
Conviction
Fair Value
Trading 8.0% below fair value
You pay
$26.77
Bear
$23.28
Fair
$29.10
Bull
$34.92
Bear
$23.28
-13.0%
$1.94 × 12x P/E
Fair
$29.10
+8.7%
$1.94 × 15x P/E
Bull
$34.92
+30.4%
$1.94 × 18x P/E
Adjust Assumptions
15.0x
1.94$
Key Value Driver
Normalized P/E multiple (15x base case)
Implied Market Multiple
13.8x
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above.
Average Target (33 analysts)
$26.60
Divergence from AlphaVal
9%
Summary
Applying a 15x P/E to adjusted EPS of $1.94, the base-case value is $29.10 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