ED - Consolidated Edison, Inc.
Price:
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$105.25
DETAILS
HIGH:
$114.00
LOW:
$94.00
MEDIAN:
$105.50
CONSENSUS:
$105.25
DOWNSIDE:
2.08%
AlphaVal
Deterministic, archetype-aware fair value
Stable Earnings Power
85% confidence
Primary model: P/Adj-EPS × Normalized Multiple
Adjust Assumptions
16.0x
5.64$
Key Value Driver
Normalized P/E multiple (16x base case)
Implied Market Multiple
19.1x
Plain-Language Summary
Applying a 16x P/E to adjusted EPS of $5.64, the base-case value is $90.24 per share. DDM cross-check: $62.29.
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.
Average Target (27 analysts)
$105.25
Analyst Range
$94.00 – $114.00
Divergence from AlphaVal
14%
Warnings
Dividend-based valuation: $62.29 (below our primary estimate by 31%). Large gaps may signal the dividend doesn't reflect full earning power.
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