Dover Corporation logo DOV - Dover Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 18
HOLD 10
SELL 0
STRONG
SELL
0
| PRICE TARGET: $237.08 DETAILS
HIGH: $279.00
LOW: $195.00
MEDIAN: $240.00
CONSENSUS: $237.08
UPSIDE: 12.95%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 40% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Moderate
Trading 31.1% above fair value
Current Price $209.90
Bear Case $128.09 39.0% downside ($128.09 - $209.90) / $209.90 = -39.0% $8.96 × 12x P/E
Fair Value $160.11 23.7% downside ($160.11 - $209.90) / $209.90 = -23.7% $8.96 × 15x P/E
Bull Case $192.13 8.5% downside ($192.13 - $209.90) / $209.90 = -8.5% $8.96 × 18x P/E

Adjust Assumptions

15.0x
8.96$

Key Value Driver

Normalized P/E multiple (15x base case)

Implied Market Multiple 23.4x

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 $237.08 from 28 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $160.11 per share.

Warnings

Dividend-based valuation: $30.01 (below our primary estimate by 78%). Large gaps may signal the dividend doesn't reflect full earning power.
Wall Street's average price target is $237.08 (from 28 analysts). Our estimate is 43% 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