SEE
Sealed Air Corporation
$42.15
Stable Earnings Power
65%
P/Adj-EPS × Normalized Multiple
Moderate
·
Conviction
Fair Value
Trading 18.1% below fair value
You pay
$42.15
Bear
$41.16
Fair
$51.45
Bull
$61.74
Bear
$41.16
-2.3%
$3.43 × 12x P/E
Fair
$51.45
+22.1%
$3.43 × 15x P/E
Bull
$61.74
+46.5%
$3.43 × 18x P/E
Adjust Assumptions
15.0x
3.43$
Key Value Driver
Normalized P/E multiple (15x base case)
Implied Market Multiple
12.3x
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above.
Average Target (27 analysts)
$49.92
Divergence from AlphaVal
3%
Summary
Applying a 15x P/E to adjusted EPS of $3.43, the base-case value is $51.45 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