AlphaMadera's AlphaVal page computes Great Lakes Dredge & Dock Corporation's fair value using a multi-method blend (DCF, comparable-multiples, and Graham-style intrinsic value), then compares it to the current market price to flag GLDD as undervalued, fairly valued, or overvalued.

What is Great Lakes Dredge & Dock Corporation's fair value?

Fair value for GLDD is a model output combining discounted cash flow projections, peer-group multiples, and a Graham number floor. The live AlphaVal page shows the blended fair value alongside each method's individual estimate.

How does AlphaMadera value GLDD?

AlphaVal uses three primary techniques: a five-year discounted-cash-flow projection with terminal multiple, peer-group multiple analysis (P/E, EV/EBITDA, P/S), and Graham's defensive-investor intrinsic-value formula. Inputs come from GLDD's most recent reported fundamentals.

GLDD - Great Lakes Dredge & Dock Corporation

Price: -- -- | CONSENSUS: Buy DETAILS

AlphaVal

Deterministic, archetype-aware fair value

Cyclical & Capital-Intensive 80% confidence

Primary model: Normalized Earnings × Cycle Multiple

Valuation Signal Overvalued Moderate

Trading 34.9% above fair value

Current Price $17.00

Bear Case $9.24 45.6% downside ($9.24 - $17.00) / $17.00 = -45.6% $0.84 × 14x + net cash

Fair Value $12.60 25.9% downside ($12.60 - $17.00) / $17.00 = -25.9% $0.84 × 18x + net cash

Bull Case $15.96 6.1% downside ($15.96 - $17.00) / $17.00 = -6.1% $0.84 × 22x + net cash

Adjust Assumptions

Cycle P/E Multiple

18.0x

Normalized EPS

0.84$

Key Value Driver

Through-cycle normalized EPS ($0.84)

Implied Market Multiple 20.2x

Plain-Language Summary

Using 7-year normalized EPS of $0.84 at a 18x cycle multiple, the base-case value is $12.60 per share. P/TBV cross-check: 2.6x.

Warnings

⚠ This company has a built-in lending arm whose debt is mixed in with the main business. We capped the debt adjustment to avoid overstating what the core business owes.

⚠ Price-to-book value of 2.6x is above the normal range for this type of business (0.7x-2.0x). The stock may already price in a strong cycle.

ℹ This company has heavy ongoing investment costs. Valuation shortcuts that ignore those costs can make the stock look cheaper than it really is.

Key Risks

Standard 10-year DCF produces unreliable terminal values for cyclicals
'Cheap' P/E at cycle peak is the most common value trap — normalize first
Captive finance subsidiaries have different risk profiles from manufacturing