Dover Corporation logo DOV - Dover Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 18
HOLD 10
SELL 0
STRONG
SELL
0
| PRICE TARGET: $247.10 DETAILS
HIGH: $279.00
LOW: $224.00
MEDIAN: $250.00
CONSENSUS: $247.10
UPSIDE: 17.87%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 40% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Moderate
Trading 28.9% above fair value
Current Price $209.63
Bear Case $130.09 37.9% downside ($130.09 - $209.63) / $209.63 = -37.9% $8.96 × 12x P/E
Fair Value $162.61 22.4% downside ($162.61 - $209.63) / $209.63 = -22.4% $8.96 × 15x P/E
Bull Case $195.13 6.9% downside ($195.13 - $209.63) / $209.63 = -6.9% $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 $247.10 from 28 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $162.61 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 $247.10 (from 28 analysts). Our estimate is 46% 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