Snap-on Incorporated logo SNA - Snap-on Incorporated

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 11
HOLD 4
SELL 2
STRONG
SELL
0
| PRICE TARGET: $415.33 DETAILS
HIGH: $431.00
LOW: $395.00
MEDIAN: $420.00
CONSENSUS: $415.33
UPSIDE: 2.65%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 65% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Moderate
Trading 24.8% above fair value
Current Price $404.62
Bear Case $259.44 35.9% downside ($259.44 - $404.62) / $404.62 = -35.9% $19.60 × 12x P/E
Fair Value $324.31 19.8% downside ($324.31 - $404.62) / $404.62 = -19.8% $19.60 × 15x P/E
Bull Case $389.17 3.8% downside ($389.17 - $404.62) / $404.62 = -3.8% $19.60 × 18x P/E

Adjust Assumptions

15.0x
19.6$

Key Value Driver

Normalized P/E multiple (15x base case)

Implied Market Multiple 20.6x

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 $415.33 from 17 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $324.31 per share.

Warnings

Wall Street's average price target is $415.33 (from 17 analysts). Our estimate is 29% 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