HNI - HNI Corporation
Price:
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$95.00
DETAILS
HIGH:
$110.00
LOW:
$80.00
MEDIAN:
$95.00
CONSENSUS:
$95.00
UPSIDE:
209.45%
AlphaVal
Deterministic, archetype-aware fair value
Stable Earnings Power
65% confidence
Primary model: P/Adj-EPS × Normalized Multiple
Adjust Assumptions
15.0x
2.99$
Key Value Driver
Normalized P/E multiple (15x base case)
Implied Market Multiple
10.3x
Plain-Language Summary
Applying a 15x P/E to adjusted EPS of $2.99, the base-case value is $44.91 per share. DDM cross-check: $22.69.
Warnings
The company's reported profits differ from official accounting profits by 170%. Check what costs are being left out of the adjusted number.
The company pays out 123% of its profits as dividends. That leaves little cushion — the dividend could be cut if business slows down.
Dividend-based valuation: $22.69 (below our primary estimate by 49%). Large gaps may signal the dividend doesn't reflect full earning power.
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