Ashland Inc. logo ASH - Ashland Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 16
HOLD 8
SELL 0
STRONG
SELL
0
| PRICE TARGET: $67.38 DETAILS
HIGH: $75.00
LOW: $58.00
MEDIAN: $70.00
CONSENSUS: $67.38
UPSIDE: 17.78%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 40% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Fair Value Mild
Trading 8.0% below fair value
Current Price $57.21
Bear Case $49.76 13.0% downside ($49.76 - $57.21) / $57.21 = -13.0% $4.03 × 12x P/E
Fair Value $62.20 8.7% upside ($62.20 - $57.21) / $57.21 = 8.7% $4.03 × 15x P/E
Bull Case $74.65 30.5% upside ($74.65 - $57.21) / $57.21 = 30.5% $4.03 × 18x P/E

Adjust Assumptions

15.0x
4.03$

Key Value Driver

Normalized P/E multiple (15x base case)

Implied Market Multiple 14.2x

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 $67.38 from 24 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $62.20 per share.

Warnings

Dividend-based valuation: $95.91 (above our primary estimate by 59%). Large gaps may signal the dividend doesn't reflect full earning power.

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