The Andersons, Inc. logo ANDE - The Andersons, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 12
HOLD 9
SELL 0
STRONG
SELL
0
| PRICE TARGET: $82.50 DETAILS
HIGH: $90.00
LOW: $75.00
MEDIAN: $82.50
CONSENSUS: $82.50
UPSIDE: 4.11%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 40% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Strong
Trading 47.0% above fair value
Current Price $79.24
Bear Case $43.12 45.6% downside ($43.12 - $79.24) / $79.24 = -45.6% $2.96 × 12x P/E
Fair Value $53.89 32.0% downside ($53.89 - $79.24) / $79.24 = -32.0% $2.96 × 15x P/E
Bull Case $64.67 18.4% downside ($64.67 - $79.24) / $79.24 = -18.4% $2.96 × 18x P/E

Adjust Assumptions

15.0x
2.96$

Key Value Driver

Normalized P/E multiple (15x base case)

Implied Market Multiple 26.8x

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 $82.50 from 21 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $53.89 per share.

Warnings

Dividend-based valuation: $13.87 (below our primary estimate by 69%). Large gaps may signal the dividend doesn't reflect full earning power.
Wall Street's average price target is $82.50 (from 21 analysts). Our estimate is 46% 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