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Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 10
HOLD 21
SELL 5
STRONG
SELL
0
| PRICE TARGET: $34.22 DETAILS
HIGH: $45.00
LOW: $28.00
MEDIAN: $33.00
CONSENSUS: $34.22
UPSIDE: 19.69%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 40% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Moderate
Trading 19.1% above fair value
Current Price $28.59
Bear Case $19.20 32.8% downside ($19.20 - $28.59) / $28.59 = -32.8% $1.60 × 12x P/E
Fair Value $24.00 16.1% downside ($24.00 - $28.59) / $28.59 = -16.1% $1.60 × 15x P/E
Bull Case $28.80 0.7% upside ($28.80 - $28.59) / $28.59 = 0.7% $1.60 × 18x P/E

Adjust Assumptions

15.0x
1.6$

Key Value Driver

Normalized P/E multiple (15x base case)

Implied Market Multiple 17.9x

Plain-Language Summary

Applying a 15x P/E to adjusted EPS of $1.60, the base-case value is $24.00 per share.

Analyst Consensus (External Reference)

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

Average Target (36 analysts) $34.22
Analyst Range $28.00 – $45.00
Divergence from AlphaVal 30%

Warnings

ℹ Wall Street's average price target is $34.22 (from 36 analysts). Our estimate is 30% 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