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Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 19
HOLD 9
SELL 0
STRONG
SELL
0
| PRICE TARGET: $243.36 DETAILS
HIGH: $270.00
LOW: $227.00
MEDIAN: $240.00
CONSENSUS: $243.36
UPSIDE: 21.78%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 40% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Strong
Trading 68.2% above fair value
Current Price $199.84
Bear Case $95.04 52.4% downside ($95.04 - $199.84) / $199.84 = -52.4% $7.92 × 12x P/E
Fair Value $118.80 40.6% downside ($118.80 - $199.84) / $199.84 = -40.6% $7.92 × 15x P/E
Bull Case $142.56 28.7% downside ($142.56 - $199.84) / $199.84 = -28.7% $7.92 × 18x P/E

Adjust Assumptions

15.0x
7.92$

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 $7.92, the base-case value is $118.80 per share. DDM cross-check: $30.08.

Analyst Consensus (External Reference)

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

Average Target (28 analysts) $243.36
Analyst Range $227.00 – $270.00
Divergence from AlphaVal 51%

Warnings

ℹ Dividend-based valuation: $30.08 (below our primary estimate by 75%). Large gaps may signal the dividend doesn't reflect full earning power.
ℹ Wall Street's average price target is $243.36 (from 28 analysts). Our estimate is 51% 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