Steven Madden, Ltd. logo SHOO - Steven Madden, Ltd.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 21
HOLD 8
SELL 2
STRONG
SELL
0
| PRICE TARGET: $54.67 DETAILS
HIGH: $60.00
LOW: $45.00
MEDIAN: $55.50
CONSENSUS: $54.67
UPSIDE: 20.76%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 80% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Fair Value Mild
Trading 13.6% below fair value
Current Price $45.27
Bear Case $45.82 1.2% upside ($45.82 - $45.27) / $45.27 = 1.2% $2.34 × 20x P/E
Fair Value $52.37 15.7% upside ($52.37 - $45.27) / $45.27 = 15.7% $2.34 × 22x P/E
Bull Case $58.92 30.1% upside ($58.92 - $45.27) / $45.27 = 30.1% $2.34 × 25x P/E

Adjust Assumptions

22.4x
2.34$

Key Value Driver

Normalized P/E multiple (22x base case)

Implied Market Multiple 19.3x

Plain-Language Summary

Applying a 22x P/E to adjusted EPS of $2.34, the base-case value is $52.37 per share. DDM cross-check: $13.10.

Analyst Consensus (External Reference)

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

Average Target (31 analysts) $54.67
Analyst Range $45.00 – $60.00
Divergence from AlphaVal 4%

Warnings

⚠ The company's reported profits differ from official accounting profits by 271%. Check what costs are being left out of the adjusted number.
⚠ The company pays out 133% of its profits as dividends. That leaves little cushion — the dividend could be cut if business slows down.
ℹ Dividend-based valuation: $13.10 (below our primary estimate by 75%). 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