Ashland Inc. logo ASH - Ashland Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 16
HOLD 9
SELL 0
STRONG
SELL
0
| PRICE TARGET: $77.88 DETAILS
HIGH: $85.00
LOW: $75.00
MEDIAN: $77.50
CONSENSUS: $77.88
UPSIDE: 5.86%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 40% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Strong
Trading 45.1% above fair value
Current Price $73.57
Bear Case $40.56 44.9% downside ($40.56 - $73.57) / $73.57 = -44.9% $3.38 × 12x P/E
Fair Value $50.70 31.1% downside ($50.70 - $73.57) / $73.57 = -31.1% $3.38 × 15x P/E
Bull Case $60.84 17.3% downside ($60.84 - $73.57) / $73.57 = -17.3% $3.38 × 18x P/E

Adjust Assumptions

15.0x
3.38$

Key Value Driver

Normalized P/E multiple (15x base case)

Implied Market Multiple 21.8x

Plain-Language Summary

Applying a 15x P/E to adjusted EPS of $3.38, the base-case value is $50.70 per share. DDM cross-check: $74.39.

Analyst Consensus (External Reference)

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

Average Target (25 analysts) $77.88
Analyst Range $75.00 – $85.00
Divergence from AlphaVal 35%

Warnings

ℹ Dividend-based valuation: $74.39 (above our primary estimate by 47%). Large gaps may signal the dividend doesn't reflect full earning power.
ℹ Wall Street's average price target is $77.88 (from 25 analysts). Our estimate is 35% 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