Air Products and Chemicals, Inc. logo APD - Air Products and Chemicals, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 22
HOLD 20
SELL 0
STRONG
SELL
0
| PRICE TARGET: $341.08 DETAILS
HIGH: $373.00
LOW: $305.00
MEDIAN: $345.50
CONSENSUS: $341.08
UPSIDE: 13.85%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 40% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Strong
Trading 98.1% above fair value
Current Price $299.59
Bear Case $120.96 59.6% downside ($120.96 - $299.59) / $299.59 = -59.6% $10.08 × 12x P/E
Fair Value $151.20 49.5% downside ($151.20 - $299.59) / $299.59 = -49.5% $10.08 × 15x P/E
Bull Case $181.44 39.4% downside ($181.44 - $299.59) / $299.59 = -39.4% $10.08 × 18x P/E

Adjust Assumptions

15.0x
10.08$

Key Value Driver

Normalized P/E multiple (15x base case)

Implied Market Multiple 29.7x

Plain-Language Summary

Applying a 15x P/E to adjusted EPS of $10.08, the base-case value is $151.20 per share. DDM cross-check: $136.36.

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.

Average Target (42 analysts) $341.08
Analyst Range $305.00 – $373.00
Divergence from AlphaVal 56%

Warnings

ℹ Wall Street's average price target is $341.08 (from 42 analysts). Our estimate is 56% 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