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 2.2% above fair value
Current Price $74.55
Bear Case $60.08 19.4% downside ($60.08 - $74.55) / $74.55 = -19.4% $4.06 × 15x P/E
Fair Value $72.96 2.1% downside ($72.96 - $74.55) / $74.55 = -2.1% $4.06 × 18x P/E
Bull Case $85.83 15.1% upside ($85.83 - $74.55) / $74.55 = 15.1% $4.06 × 21x P/E

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