Ameren Corporation logo AEE - Ameren Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 11
HOLD 11
SELL 1
STRONG
SELL
0
| PRICE TARGET: $121.00 DETAILS
HIGH: $131.00
LOW: $115.00
MEDIAN: $120.00
CONSENSUS: $121.00
UPSIDE: 7.27%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 85% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Moderate
Trading 16.6% above fair value
Current Price $112.80
Bear Case $84.65 25.0% downside ($84.65 - $112.80) / $112.80 = -25.0% $5.35 × 15x P/E
Fair Value $96.75 14.2% downside ($96.75 - $112.80) / $112.80 = -14.2% $5.35 × 17x P/E
Bull Case $108.84 3.5% downside ($108.84 - $112.80) / $112.80 = -3.5% $5.35 × 19x P/E

Adjust Assumptions

16.6x
5.35$

Key Value Driver

Normalized P/E multiple (17x base case)

Implied Market Multiple 21.1x

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 $121.00 from 23 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $96.75 per share.

Warnings

Wall Street's average price target is $121.00 (from 23 analysts). Our estimate is 27% 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