Consolidated Edison, Inc. logo ED - Consolidated Edison, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 3
HOLD 17
SELL 7
STRONG
SELL
0
| PRICE TARGET: $105.56 DETAILS
HIGH: $118.00
LOW: $87.00
MEDIAN: $106.00
CONSENSUS: $105.56
DOWNSIDE: 2.10%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 85% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Moderate
Trading 19.5% above fair value
Current Price $107.82
Bear Case $78.96 26.8% downside ($78.96 - $107.82) / $107.82 = -26.8% $5.64 × 14x P/E
Fair Value $90.24 16.3% downside ($90.24 - $107.82) / $107.82 = -16.3% $5.64 × 16x P/E
Bull Case $101.52 5.8% downside ($101.52 - $107.82) / $107.82 = -5.8% $5.64 × 18x P/E

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) $105.56
Analyst Range $87.00 – $118.00
Divergence from AlphaVal 15%

Warnings

ℹ 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