Haverty Furniture Companies, Inc. logo HVT - Haverty Furniture Companies, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 3
HOLD 3
SELL 0
STRONG
SELL
0
| PRICE TARGET: $42.00 DETAILS
HIGH: $42.00
LOW: $42.00
MEDIAN: $42.00
CONSENSUS: $42.00
UPSIDE: 87.92%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 40% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Undervalued Strong
Trading 56.5% below fair value
Current Price $22.35
Bear Case $44.98 101.3% upside ($44.98 - $22.35) / $22.35 = 101.3% $3.36 × 14x P/E
Fair Value $51.41 130.0% upside ($51.41 - $22.35) / $22.35 = 130.0% $3.36 × 16x P/E
Bull Case $57.83 158.8% upside ($57.83 - $22.35) / $22.35 = 158.8% $3.36 × 18x P/E

Adjust Assumptions

16.0x
3.36$

Key Value Driver

Normalized P/E multiple (16x base case)

Implied Market Multiple 6.7x

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 $42.00 from 6 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $51.41 per share.

Warnings

The company's reported profits differ from official accounting profits by 182%. Check what costs are being left out of the adjusted number.
The company pays out 110% 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 $42.00 (from 6 analysts). Our estimate is 28% above 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