Bath & Body Works, Inc. logo BBWI - Bath & Body Works, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 9
HOLD 12
SELL 1
STRONG
SELL
0
| PRICE TARGET: $21.75 DETAILS
HIGH: $26.00
LOW: $19.00
MEDIAN: $22.00
CONSENSUS: $21.75
UPSIDE: 12.58%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 80% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Undervalued Strong
Trading 55.1% below fair value
Current Price $19.32
Bear Case $37.62 94.7% upside ($37.62 - $19.32) / $19.32 = 94.7% $3.13 × 14x P/E
Fair Value $43.00 122.6% upside ($43.00 - $19.32) / $19.32 = 122.6% $3.13 × 16x P/E
Bull Case $48.37 150.4% upside ($48.37 - $19.32) / $19.32 = 150.4% $3.13 × 18x P/E

Adjust Assumptions

16.0x
3.13$

Key Value Driver

Normalized P/E multiple (16x base case)

Implied Market Multiple 6.2x

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 $21.75 from 22 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $43.00 per share.

Warnings

Dividend-based valuation: $12.09 (below our primary estimate by 76%). Large gaps may signal the dividend doesn't reflect full earning power.
Wall Street's average price target is $21.75 (from 22 analysts). Our estimate is 130% above 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