VRNT
Verint Systems Inc.
$20.51
Stable Earnings Power
40%
P/Adj-EPS × Normalized Multiple
Strong
·
Conviction
Undervalued
Trading 43.0% below fair value
You pay
$20.51
Bear
$30.15
Fair
$36.01
Bull
$41.88
Bear
$30.15
+47.0%
$1.15 × 27x P/E
Fair
$36.01
+75.6%
$1.15 × 32x P/E
Bull
$41.88
+104.2%
$1.15 × 38x P/E
Key Value Driver
Normalized P/E multiple (32x base case)
Implied Market Multiple
17.8x
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 $32.57 from 16 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $36.01 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