J&J Snack Foods Corp. logo JJSF - J&J Snack Foods Corp.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 7
HOLD 4
SELL 0
STRONG
SELL
0
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 80% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Mild
Trading 7.3% above fair value
Current Price $78.29
Bear Case $60.08 23.3% downside ($60.08 - $78.29) / $78.29 = -23.3% $4.06 × 15x P/E
Fair Value $72.96 6.8% downside ($72.96 - $78.29) / $78.29 = -6.8% $4.06 × 18x P/E
Bull Case $85.83 9.6% upside ($85.83 - $78.29) / $78.29 = 9.6% $4.06 × 21x P/E

Adjust Assumptions

18.0x
4.06$

Key Value Driver

Normalized P/E multiple (18x base case)

Implied Market Multiple 19.3x

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: $104.60.

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: $104.60 (above our primary estimate by 43%). 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