Exelon Corporation logo EXC - Exelon Corporation

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 14
HOLD 22
SELL 1
STRONG
SELL
0
| PRICE TARGET: $48.11 DETAILS
HIGH: $50.00
LOW: $41.00
MEDIAN: $49.00
CONSENSUS: $48.11
UPSIDE: 12.93%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 85% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Fair Value Mild
Trading 2.8% below fair value
Current Price $42.60
Bear Case $38.36 10.0% downside ($38.36 - $42.60) / $42.60 = -10.0% $2.74 × 14x P/E
Fair Value $43.84 2.9% upside ($43.84 - $42.60) / $42.60 = 2.9% $2.74 × 16x P/E
Bull Case $49.32 15.8% upside ($49.32 - $42.60) / $42.60 = 15.8% $2.74 × 18x P/E

Adjust Assumptions

16.0x
2.74$

Key Value Driver

Normalized P/E multiple (16x base case)

Implied Market Multiple 15.5x

Plain-Language Summary

Applying a 16x P/E to adjusted EPS of $2.74, the base-case value is $43.84 per share. DDM cross-check: $38.47.

Analyst Consensus (External Reference)

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

Average Target (37 analysts) $48.11
Analyst Range $41.00 – $50.00
Divergence from AlphaVal 9%

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