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Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 10
HOLD 3
SELL 0
STRONG
SELL
0
| PRICE TARGET: $82.50 DETAILS
HIGH: $83.00
LOW: $82.00
MEDIAN: $82.50
CONSENSUS: $82.50
UPSIDE: 18.46%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 40% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Strong
Trading 236.0% above fair value
Current Price $69.64
Bear Case $16.58 76.2% downside ($16.58 - $69.64) / $69.64 = -76.2% $1.38 × 12x P/E
Fair Value $20.73 70.2% downside ($20.73 - $69.64) / $69.64 = -70.2% $1.38 × 15x P/E
Bull Case $24.88 64.3% downside ($24.88 - $69.64) / $69.64 = -64.3% $1.38 × 18x P/E

Adjust Assumptions

15.0x
1.38$

Key Value Driver

Normalized P/E multiple (15x base case)

Implied Market Multiple 50.4x

Plain-Language Summary

Applying a 15x P/E to adjusted EPS of $1.38, the base-case value is $20.73 per share.

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.

Average Target (13 analysts) $82.50
Analyst Range $82.00 – $83.00
Divergence from AlphaVal 75%

Warnings

Wall Street's average price target is $82.50 (from 13 analysts). Our estimate is 75% below the consensus -- consider that gap carefully.

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