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AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 65% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Undervalued Strong
Trading 49.4% below fair value
Current Price $7.38
Bear Case $11.67 58.1% upside ($11.67 - $7.38) / $7.38 = 58.1% $0.97 × 12x P/E
Fair Value $14.59 97.7% upside ($14.59 - $7.38) / $7.38 = 97.7% $0.97 × 15x P/E
Bull Case $17.51 137.2% upside ($17.51 - $7.38) / $7.38 = 137.2% $0.97 × 18x P/E

Adjust Assumptions

15.0x
0.97$

Key Value Driver

Normalized P/E multiple (15x base case)

Implied Market Multiple 7.6x

Plain-Language Summary

Applying a 15x P/E to adjusted EPS of $0.97, the base-case value is $14.59 per share. DDM cross-check: $11.68.

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