UTMD
Utah Medical Products, Inc.
$69.64
Stable Earnings Power
80%
P/Adj-EPS × Normalized Multiple
Moderate
·
Conviction
Overvalued
Trading 33.4% above fair value
You pay
$69.64
Bear
$41.76
Fair
$52.20
Bull
$62.64
Bear
$41.76
-40.0%
$3.48 × 12x P/E
Fair
$52.20
-25.0%
$3.48 × 15x P/E
Bull
$62.64
-10.1%
$3.48 × 18x P/E
Adjust Assumptions
15.0x
3.48$
Key Value Driver
Normalized P/E multiple (15x base case)
Implied Market Multiple
20.0x
Summary
Applying a 15x P/E to adjusted EPS of $3.48, the base-case value is $52.20 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