SLGN
Silgan Holdings Inc.
$37.80
Stable Earnings Power
65%
P/Adj-EPS × Normalized Multiple
Mild
·
Conviction
Fair Value
Trading 6.7% below fair value
You pay
$37.80
Bear
$32.40
Fair
$40.50
Bull
$48.60
Bear
$32.40
-14.3%
$2.70 × 12x P/E
Fair
$40.50
+7.1%
$2.70 × 15x P/E
Bull
$48.60
+28.6%
$2.70 × 18x P/E
Adjust Assumptions
15.0x
2.7$
Key Value Driver
Normalized P/E multiple (15x base case)
Implied Market Multiple
14.0x
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above.
Average Target (21 analysts)
$50.33
Divergence from AlphaVal
20%
Summary
Applying a 15x P/E to adjusted EPS of $2.70, the base-case value is $40.50 per share. DDM cross-check: $44.16.
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