VNT
Vontier Corporation
$29.63
Stable Earnings Power
50%
P/Adj-EPS × Normalized Multiple
Moderate
·
Conviction
Undervalued
Trading 33.2% below fair value
You pay
$29.63
Bear
$35.46
Fair
$44.33
Bull
$53.19
Bear
$35.46
+19.7%
$2.99 × 12x P/E
Fair
$44.33
+49.6%
$2.99 × 15x P/E
Bull
$53.19
+79.5%
$2.99 × 18x P/E
Key Value Driver
Normalized P/E multiple (15x base case)
Implied Market Multiple
9.9x
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 $42.00 from 13 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $44.33 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