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Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 21
HOLD 4
SELL 0
STRONG
SELL
0
| PRICE TARGET: $143.33 DETAILS
HIGH: $150.00
LOW: $130.00
MEDIAN: $150.00
CONSENSUS: $143.33
UPSIDE: 24.12%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 80% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Fair Value Mild
Trading 5.2% below fair value
Current Price $115.48
Bear Case $97.44 15.6% downside ($97.44 - $115.48) / $115.48 = -15.6% $10.51 × 9x P/E
Fair Value $121.80 5.5% upside ($121.80 - $115.48) / $115.48 = 5.5% $10.51 × 12x P/E
Bull Case $146.16 26.6% upside ($146.16 - $115.48) / $115.48 = 26.6% $10.51 × 14x P/E

Adjust Assumptions

11.6x
10.51$

Key Value Driver

Normalized P/E multiple (12x base case)

Implied Market Multiple 11.0x

Plain-Language Summary

Applying a 12x P/E to adjusted EPS of $10.51, the base-case value is $121.80 per share. DDM cross-check: $69.69.

Analyst Consensus (External Reference)

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

Average Target (25 analysts) $143.33
Analyst Range $130.00 – $150.00
Divergence from AlphaVal 15%

Warnings

The company's reported profits differ from official accounting profits by 114%. Check what costs are being left out of the adjusted number.
Dividend-based valuation: $69.69 (below our primary estimate by 43%). 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