Howard Hughes Holdings Inc. logo HHH - Howard Hughes Holdings Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 4
HOLD 1
SELL 0
STRONG
SELL
0
| PRICE TARGET: $83.00 DETAILS
HIGH: $83.00
LOW: $83.00
MEDIAN: $83.00
CONSENSUS: $83.00
UPSIDE: 18.56%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 60% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Strong
Trading 122.2% above fair value
Current Price $70.00
Bear Case $25.20 64.0% downside ($25.20 - $70.00) / $70.00 = -64.0% $2.10 × 12x P/E
Fair Value $31.50 55.0% downside ($31.50 - $70.00) / $70.00 = -55.0% $2.10 × 15x P/E
Bull Case $37.80 46.0% downside ($37.80 - $70.00) / $70.00 = -46.0% $2.10 × 18x P/E

Adjust Assumptions

15.0x
2.1$

Key Value Driver

Normalized P/E multiple (15x base case)

Implied Market Multiple 33.3x

Plain-Language Summary

Applying a 15x P/E to adjusted EPS of $2.10, the base-case value is $31.50 per share.

Analyst Consensus (External Reference)

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

Average Target (5 analysts) $83.00
Analyst Range $83.00 – $83.00
Divergence from AlphaVal 62%

Warnings

⚠ The company pays out 169% of its profits as dividends. That leaves little cushion — the dividend could be cut if business slows down.
ℹ Wall Street's average price target is $83.00 (from 5 analysts). Our estimate is 62% 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