IAC InterActive Corp. logo IAC - IAC InterActive Corp.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 28
HOLD 5
SELL 0
STRONG
SELL
0
| PRICE TARGET: $51.33 DETAILS
HIGH: $57.00
LOW: $44.00
MEDIAN: $51.50
CONSENSUS: $51.33
UPSIDE: 20.15%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 40% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Fair Value Mild
Trading 8.3% below fair value
Current Price $42.72
Bear Case $37.27 12.8% downside ($37.27 - $42.72) / $42.72 = -12.8% $2.97 × 12x P/E
Fair Value $46.58 9.0% upside ($46.58 - $42.72) / $42.72 = 9.0% $2.97 × 15x P/E
Bull Case $55.90 30.9% upside ($55.90 - $42.72) / $42.72 = 30.9% $2.97 × 18x P/E

Adjust Assumptions

15.0x
2.97$

Key Value Driver

Normalized P/E multiple (15x base case)

Implied Market Multiple 14.4x

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 $51.33 from 33 analysts, using a 30% weight on analyst consensus. That produces an estimated intrinsic value of $46.58 per share.

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