Church & Dwight Co., Inc. logo CHD - Church & Dwight Co., Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 18
HOLD 15
SELL 1
STRONG
SELL
0
| PRICE TARGET: $103.80 DETAILS
HIGH: $114.00
LOW: $91.00
MEDIAN: $103.50
CONSENSUS: $103.80
UPSIDE: 7.84%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 80% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Moderate
Trading 19.3% above fair value
Current Price $96.25
Bear Case $66.43 31.0% downside ($66.43 - $96.25) / $96.25 = -31.0% $4.16 × 14x P/E
Fair Value $80.66 16.2% downside ($80.66 - $96.25) / $96.25 = -16.2% $4.16 × 17x P/E
Bull Case $94.89 1.4% downside ($94.89 - $96.25) / $96.25 = -1.4% $4.16 × 20x P/E

Adjust Assumptions

17.0x
4.16$

Key Value Driver

Normalized P/E multiple (17x base case)

Implied Market Multiple 23.1x

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 $103.80 from 34 analysts, using a 30% weight on analyst consensus. That produces an estimated intrinsic value of $80.66 per share.

Warnings

The company's reported profits differ from official accounting profits by 38%. Check what costs are being left out of the adjusted number.
Dividend-based valuation: $26.01 (below our primary estimate by 63%). Large gaps may signal the dividend doesn't reflect full earning power.
Wall Street's average price target is $103.80 (from 34 analysts). Our estimate is 32% 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