SN
SharkNinja, Inc.
$153.74
Stable Earnings Power
80%
P/Adj-EPS × Normalized Multiple
Moderate
·
Conviction
Overvalued
Trading 22.0% above fair value
You pay
$153.74
Bear
$110.23
Fair
$125.98
Bull
$141.73
Bear
$110.23
-28.3%
$5.19 × 20x P/E
Fair
$125.98
-18.1%
$5.19 × 22x P/E
Bull
$141.73
-7.8%
$5.19 × 25x P/E
Key Value Driver
Normalized P/E multiple (22x base case)
Implied Market Multiple
29.6x
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 $164.71 from 10 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $125.98 per share.
Warnings
Wall Street's average price target is $164.71 (from 10 analysts). Our estimate is 29% 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