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: $346.44 DETAILS
HIGH: $373.00
LOW: $320.00
MEDIAN: $350.00
CONSENSUS: $346.44
UPSIDE: 11.95%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 40% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Strong
Trading 104.7% above fair value
Current Price $309.46
Bear Case $120.96 60.9% downside ($120.96 - $309.46) / $309.46 = -60.9% $10.08 × 12x P/E
Fair Value $151.20 51.1% downside ($151.20 - $309.46) / $309.46 = -51.1% $10.08 × 15x P/E
Bull Case $181.44 41.4% downside ($181.44 - $309.46) / $309.46 = -41.4% $10.08 × 18x P/E

Adjust Assumptions

15.0x
10.08$

Key Value Driver

Normalized P/E multiple (15x base case)

Implied Market Multiple 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