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Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 13
HOLD 11
SELL 0
STRONG
SELL
0
| PRICE TARGET: $36.40 DETAILS
HIGH: $39.00
LOW: $33.00
MEDIAN: $37.00
CONSENSUS: $36.40
UPSIDE: 20.69%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 80% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Strong
Trading 194.5% above fair value
Current Price $30.16
Bear Case $8.96 70.3% downside ($8.96 - $30.16) / $30.16 = -70.3% $0.64 × 14x P/E
Fair Value $10.24 66.0% downside ($10.24 - $30.16) / $30.16 = -66.0% $0.64 × 16x P/E
Bull Case $11.52 61.8% downside ($11.52 - $30.16) / $30.16 = -61.8% $0.64 × 18x P/E

Adjust Assumptions

16.0x
0.64$

Key Value Driver

Normalized P/E multiple (16x base case)

Implied Market Multiple 47.1x

Plain-Language Summary

Applying a 16x P/E to adjusted EPS of $0.64, the base-case value is $10.24 per share. DDM cross-check: $9.16.

Analyst Consensus (External Reference)

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

Average Target (24 analysts) $36.40
Analyst Range $33.00 – $39.00
Divergence from AlphaVal 72%

Warnings

Wall Street's average price target is $36.40 (from 24 analysts). Our estimate is 72% 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