Ennis, Inc. logo EBF - Ennis, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
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AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 65% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Fair Value Moderate
Trading 21.5% below fair value
Current Price $20.85
Bear Case $21.26 2.0% upside ($21.26 - $20.85) / $20.85 = 2.0% $1.77 × 12x P/E
Fair Value $26.58 27.5% upside ($26.58 - $20.85) / $20.85 = 27.5% $1.77 × 15x P/E
Bull Case $31.89 52.9% upside ($31.89 - $20.85) / $20.85 = 52.9% $1.77 × 18x P/E

Adjust Assumptions

15.0x
1.77$

Key Value Driver

Normalized P/E multiple (15x base case)

Implied Market Multiple 11.8x

Plain-Language Summary

Applying a 15x P/E to adjusted EPS of $1.77, the base-case value is $26.58 per share.

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