Albany International Corp. logo AIN - Albany International Corp.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 5
HOLD 7
SELL 2
STRONG
SELL
0
| PRICE TARGET: $61.00 DETAILS
HIGH: $61.00
LOW: $61.00
MEDIAN: $61.00
CONSENSUS: $61.00
DOWNSIDE: 20.00%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Cyclical & Capital-Intensive 80% confidence

Primary model: Normalized Earnings × Cycle Multiple

Valuation Signal Overvalued Moderate
Trading 24.8% above fair value
Current Price $76.25
Bear Case $48.25 36.7% downside ($48.25 - $76.25) / $76.25 = -36.7% $3.22 × 18x + net cash
Fair Value $61.11 19.9% downside ($61.11 - $76.25) / $76.25 = -19.9% $3.22 × 22x + net cash
Bull Case $73.98 3.0% downside ($73.98 - $76.25) / $76.25 = -3.0% $3.22 × 26x + net cash

Adjust Assumptions

22.0x
3.22$

Key Value Driver

Through-cycle normalized EPS ($3.22)

Implied Market Multiple 23.7x

Plain-Language Summary

Our base-case estimate uses Normalized Earnings × Cycle Multiple. We then blend that result with the average analyst price target of $61.00 from 14 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $61.11 per share.

Warnings

This company has a built-in lending arm whose debt is mixed in with the main business. We capped the debt adjustment to avoid overstating what the core business owes.
Price-to-book value of 4.0x is above the normal range for this type of business (0.7x-2.0x). The stock may already price in a strong cycle.

Key Risks

  • Standard 10-year DCF produces unreliable terminal values for cyclicals
  • 'Cheap' P/E at cycle peak is the most common value trap — normalize first
  • Captive finance subsidiaries have different risk profiles from manufacturing