MTD
Mettler-Toledo International Inc.
$1,103.09
Stable Earnings Power
80%
P/Adj-EPS × Normalized Multiple
Moderate
·
Conviction
Overvalued
Trading 30.1% above fair value
You pay
$1,103.09
Bear
$678.22
Fair
$847.78
Bull
$1,017.34
Bear
$678.22
-38.5%
$43.31 × 12x P/E
Fair
$847.78
-23.1%
$43.31 × 15x P/E
Bull
$1,017.34
-7.8%
$43.31 × 18x P/E
Key Value Driver
Normalized P/E multiple (15x base case)
Implied Market Multiple
25.5x
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 $1442.00 from 19 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $847.78 per share.
Warnings
Wall Street's average price target is $1442.00 (from 19 analysts). Our estimate is 55% 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