Ashland Inc. logo ASH - Ashland Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 16
HOLD 9
SELL 0
STRONG
SELL
0
| PRICE TARGET: $78.71 DETAILS
HIGH: $85.00
LOW: $75.00
MEDIAN: $78.00
CONSENSUS: $78.71
UPSIDE: 7.93%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 40% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Strong
Trading 43.8% above fair value
Current Price $72.93
Bear Case $40.56 44.4% downside ($40.56 - $72.93) / $72.93 = -44.4% $3.38 × 12x P/E
Fair Value $50.70 30.5% downside ($50.70 - $72.93) / $72.93 = -30.5% $3.38 × 15x P/E
Bull Case $60.84 16.6% downside ($60.84 - $72.93) / $72.93 = -16.6% $3.38 × 18x P/E

Adjust Assumptions

15.0x
3.38$

Key Value Driver

Normalized P/E multiple (15x base case)

Implied Market Multiple 21.6x

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) $78.71
Analyst Range $75.00 – $85.00
Divergence from AlphaVal 36%

Warnings

Dividend-based valuation: $74.39 (above our primary estimate by 47%). Large gaps may signal the dividend doesn't reflect full earning power.
Wall Street's average price target is $78.71 (from 25 analysts). Our estimate is 36% 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