RVTY Revvity, Inc.
$109.97
Stable Earnings Power 80%
P/Adj-EPS × Normalized Multiple
Strong · Conviction

Overvalued

Trading 51.3% above fair value

You pay $109.97
Bear $58.15
Fair $72.68
Bull $87.23
Bear $58.15 -47.1% $3.98 × 12x P/E
Fair $72.68 -33.9% $3.98 × 15x P/E
Bull $87.23 -20.7% $3.98 × 18x P/E

Key Value Driver

Normalized P/E multiple (15x base case)

Implied Market Multiple 27.6x

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 $111.57 from 29 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $72.68 per share.

Warnings

The company's reported profits differ from official accounting profits by 91%. Check what costs are being left out of the adjusted number.
Wall Street's average price target is $111.57 (from 29 analysts). Our estimate is 46% 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