NDSN
Nordson Corporation
$286.60
Stable Earnings Power
65%
P/Adj-EPS × Normalized Multiple
Strong
·
Conviction
Overvalued
Trading 52.6% above fair value
You pay
$286.60
Bear
$150.28
Fair
$187.84
Bull
$225.42
Bear
$150.28
-47.6%
$9.50 × 12x P/E
Fair
$187.84
-34.5%
$9.50 × 15x P/E
Bull
$225.42
-21.3%
$9.50 × 18x P/E
Key Value Driver
Normalized P/E multiple (15x base case)
Implied Market Multiple
30.2x
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 $323.80 from 21 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $187.84 per share.
Warnings
Wall Street's average price target is $323.80 (from 21 analysts). Our estimate is 56% 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