JJSF - J&J Snack Foods Corp.
Price:
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CONSENSUS:
Buy
DETAILS
AlphaVal
Deterministic, archetype-aware fair value
Stable Earnings Power
80% confidence
Primary model: P/Adj-EPS × Normalized Multiple
Adjust Assumptions
18.0x
4.06$
Key Value Driver
Normalized P/E multiple (18x base case)
Implied Market Multiple
18.4x
Plain-Language Summary
Applying a 18x P/E to adjusted EPS of $4.06, the base-case value is $72.96 per share. DDM cross-check: $99.74.
Warnings
The company pays out 95% of its profits as dividends. That leaves little cushion — the dividend could be cut if business slows down.
Dividend-based valuation: $99.74 (above our primary estimate by 37%). 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