The J. M. Smucker Company logo SJM - The J. M. Smucker Company

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 16
HOLD 13
SELL 2
STRONG
SELL
0
| PRICE TARGET: $137.29 DETAILS
HIGH: $157.00
LOW: $110.00
MEDIAN: $141.00
CONSENSUS: $137.29
UPSIDE: 4.67%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 40% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Strong
Trading 118.7% above fair value
Current Price $131.16
Bear Case $49.39 62.3% downside ($49.39 - $131.16) / $131.16 = -62.3% $3.53 × 14x P/E
Fair Value $59.98 54.3% downside ($59.98 - $131.16) / $131.16 = -54.3% $3.53 × 17x P/E
Bull Case $70.56 46.2% downside ($70.56 - $131.16) / $131.16 = -46.2% $3.53 × 20x P/E

Adjust Assumptions

17.0x
3.53$

Key Value Driver

Normalized P/E multiple (17x base case)

Implied Market Multiple 37.2x

Plain-Language Summary

Applying a 17x P/E to adjusted EPS of $3.53, the base-case value is $59.98 per share. DDM cross-check: $76.05.

Analyst Consensus (External Reference)

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

Average Target (31 analysts) $137.29
Analyst Range $110.00 – $157.00
Divergence from AlphaVal 56%

Warnings

Dividend-based valuation: $76.05 (above our primary estimate by 27%). Large gaps may signal the dividend doesn't reflect full earning power.
Wall Street's average price target is $137.29 (from 31 analysts). Our estimate is 56% 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