SN
SharkNinja, Inc.
$186.51
Stable Earnings Power
80%
P/Adj-EPS × Normalized Multiple
Strong
·
Conviction
Overvalued
Trading 68.4% above fair value
You pay
$186.51
Bear
$96.89
Fair
$110.73
Bull
$124.58
Bear
$96.89
-48.0%
$4.94 × 20x P/E
Fair
$110.73
-40.6%
$4.94 × 22x P/E
Bull
$124.58
-33.2%
$4.94 × 25x P/E
Adjust Assumptions
22.4x
4.94$
Key Value Driver
Normalized P/E multiple (22x base case)
Implied Market Multiple
37.8x
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above.
Average Target (11 analysts)
$202.18
Divergence from AlphaVal
45%
Summary
Applying a 22x P/E to adjusted EPS of $4.94, the base-case value is $110.73 per share.
Warnings
Wall Street's average price target is $202.18 (from 11 analysts). Our estimate is 45% 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