Clearwater Paper Corporation logo CLW - Clearwater Paper Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
1
BUY 5
HOLD 4
SELL 0
STRONG
SELL
0
| PRICE TARGET: $19.33 DETAILS
HIGH: $21.00
LOW: $17.00
MEDIAN: $20.00
CONSENSUS: $19.33
DOWNSIDE: 7.16%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 40% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Strong
Trading 68.0% above fair value
Current Price $20.82
Bear Case $9.91 52.4% downside ($9.91 - $20.82) / $20.82 = -52.4% $0.83 × 12x P/E
Fair Value $12.39 40.5% downside ($12.39 - $20.82) / $20.82 = -40.5% $0.83 × 15x P/E
Bull Case $14.87 28.6% downside ($14.87 - $20.82) / $20.82 = -28.6% $0.83 × 18x P/E

Adjust Assumptions

15.0x
0.83$

Key Value Driver

Normalized P/E multiple (15x base case)

Implied Market Multiple 25.2x

Plain-Language Summary

Applying a 15x P/E to adjusted EPS of $0.83, the base-case value is $12.39 per share.

Analyst Consensus (External Reference)

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

Average Target (10 analysts) $19.33
Analyst Range $17.00 – $21.00
Divergence from AlphaVal 36%

Warnings

Wall Street's average price target is $19.33 (from 10 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