HHH - Howard Hughes Holdings Inc.
Price:
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$87.50
DETAILS
HIGH:
$95.00
LOW:
$80.00
MEDIAN:
$87.50
CONSENSUS:
$87.50
UPSIDE:
37.38%
AlphaVal
Deterministic, archetype-aware fair value
Stable Earnings Power
60% confidence
Primary model: P/Adj-EPS × Normalized Multiple
Adjust Assumptions
15.0x
2.11$
Key Value Driver
Normalized P/E multiple (15x base case)
Implied Market Multiple
30.2x
Plain-Language Summary
Our base-case estimate uses a valuation based on adjusted earnings per share and a normalized price-to-earnings multiple. We then blend that result with the average analyst price target of $87.50 from 5 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $42.82 per share.
Warnings
The company pays out 169% of its profits as dividends. That leaves little cushion — the dividend could be cut if business slows down.
Wall Street's average price target is $87.50 (from 5 analysts). Our estimate is 64% below the consensus -- consider that gap carefully.
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