APD - Air Products and Chemicals, Inc.
Price:
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$346.44
DETAILS
HIGH:
$373.00
LOW:
$320.00
MEDIAN:
$350.00
CONSENSUS:
$346.44
UPSIDE:
11.95%
AlphaVal
Deterministic, archetype-aware fair value
Stable Earnings Power
40% confidence
Primary model: P/Adj-EPS × Normalized Multiple
Adjust Assumptions
15.0x
10.08$
Key Value Driver
Normalized P/E multiple (15x base case)
Implied Market Multiple
30.7x
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)
$346.44
Analyst Range
$320.00 – $373.00
Divergence from AlphaVal
56%
Warnings
Wall Street's average price target is $346.44 (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