Northwest Natural Holding Company logo NWN - Northwest Natural Holding Company

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 2
HOLD 6
SELL 0
STRONG
SELL
0
| PRICE TARGET: $55.25 DETAILS
HIGH: $58.00
LOW: $50.00
MEDIAN: $56.50
CONSENSUS: $55.25
UPSIDE: 10.65%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 85% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Mild
Trading 7.4% above fair value
Current Price $49.93
Bear Case $40.69 18.5% downside ($40.69 - $49.93) / $49.93 = -18.5% $2.77 × 14x P/E
Fair Value $46.51 6.9% downside ($46.51 - $49.93) / $49.93 = -6.9% $2.77 × 16x P/E
Bull Case $52.32 4.8% upside ($52.32 - $49.93) / $49.93 = 4.8% $2.77 × 18x P/E

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