NWN - Northwest Natural Holding Company
Price:
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$55.25
DETAILS
HIGH:
$58.00
LOW:
$50.00
MEDIAN:
$56.50
CONSENSUS:
$55.25
UPSIDE:
10.65%
AlphaVal
Deterministic, archetype-aware fair value
Stable Earnings Power
85% confidence
Primary model: P/Adj-EPS × Normalized Multiple
Adjust Assumptions
16.0x
2.77$
Key Value Driver
Normalized P/E multiple (16x base case)
Implied Market Multiple
18.0x
Plain-Language Summary
Our base-case estimate uses a valuation based on adjusted earnings per share and a normalized price-to-earnings multiple. We then blend that result with the average analyst price target of $55.25 from 8 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $46.51 per share.
Warnings
Dividend-based valuation: $28.39 (below our primary estimate by 36%). 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