IBP - Installed Building Products, Inc.
Price:
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$235.60
DETAILS
HIGH:
$250.00
LOW:
$200.00
MEDIAN:
$242.00
CONSENSUS:
$235.60
UPSIDE:
2.28%
AlphaVal
Deterministic, archetype-aware fair value
Cyclical & Capital-Intensive
80% confidence
Primary model: Normalized Earnings × Cycle Multiple
Adjust Assumptions
18.0x
8.61$
Key Value Driver
Through-cycle normalized EPS ($8.61)
Implied Market Multiple
26.8x
Plain-Language Summary
Using 7-year normalized EPS of $8.61 at a 18x cycle multiple, the base-case value is $154.98 per share.
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.
Average Target (27 analysts)
$235.60
Analyst Range
$200.00 – $250.00
Divergence from AlphaVal
34%
Warnings
This company has a built-in lending arm whose debt is mixed in with the main business. We capped the debt adjustment to avoid overstating what the core business owes.
Wall Street's average price target is $235.60 (from 27 analysts). Our estimate is 34% below the consensus -- consider that gap carefully.
Key Risks
- Standard 10-year DCF produces unreliable terminal values for cyclicals
- 'Cheap' P/E at cycle peak is the most common value trap — normalize first
- Captive finance subsidiaries have different risk profiles from manufacturing