Exelon Corporation logo EXC - Exelon Corporation

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 14
HOLD 21
SELL 2
STRONG
SELL
0
| PRICE TARGET: $48.63 DETAILS
HIGH: $55.00
LOW: $41.00
MEDIAN: $48.50
CONSENSUS: $48.63
UPSIDE: 10.70%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 85% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Mild
Trading 0.2% above fair value
Current Price $43.93
Bear Case $38.36 12.7% downside ($38.36 - $43.93) / $43.93 = -12.7% $2.74 × 14x P/E
Fair Value $43.84 0.2% downside ($43.84 - $43.93) / $43.93 = -0.2% $2.74 × 16x P/E
Bull Case $49.32 12.3% upside ($49.32 - $43.93) / $43.93 = 12.3% $2.74 × 18x P/E

Adjust Assumptions

16.0x
2.74$

Key Value Driver

Normalized P/E multiple (16x base case)

Implied Market Multiple 16.0x

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) $48.63
Analyst Range $41.00 – $55.00
Divergence from AlphaVal 10%

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