Ameren Corporation logo AEE - Ameren Corporation

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 10
HOLD 12
SELL 1
STRONG
SELL
0
| PRICE TARGET: $120.33 DETAILS
HIGH: $131.00
LOW: $110.00
MEDIAN: $120.00
CONSENSUS: $120.33
UPSIDE: 8.12%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 85% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Moderate
Trading 15.2% above fair value
Current Price $111.29
Bear Case $84.51 24.1% downside ($84.51 - $111.29) / $111.29 = -24.1% $5.35 × 15x P/E
Fair Value $96.58 13.2% downside ($96.58 - $111.29) / $111.29 = -13.2% $5.35 × 17x P/E
Bull Case $108.65 2.4% downside ($108.65 - $111.29) / $111.29 = -2.4% $5.35 × 19x P/E

Adjust Assumptions

16.6x
5.35$

Key Value Driver

Normalized P/E multiple (17x base case)

Implied Market Multiple 20.8x

Plain-Language 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 $120.33 from 23 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $96.58 per share.

Warnings

Wall Street's average price target is $120.33 (from 23 analysts). Our estimate is 26% 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