SN
SharkNinja, Inc.
$174.92
Stable Earnings Power
80%
P/Adj-EPS × Normalized Multiple
Strong
·
Conviction
Overvalued
Trading 58.0% above fair value
You pay
$174.92
Bear
$96.89
Fair
$110.73
Bull
$124.58
Bear
$96.89
-44.6%
$4.94 × 20x P/E
Fair
$110.73
-36.7%
$4.94 × 22x P/E
Bull
$124.58
-28.8%
$4.94 × 25x P/E
Adjust Assumptions
22.4x
4.94$
Key Value Driver
Normalized P/E multiple (22x base case)
Implied Market Multiple
35.4x
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above.
Average Target (11 analysts)
$194.01
Divergence from AlphaVal
43%
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 $194.01 (from 11 analysts). Our estimate is 43% 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