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Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 2
HOLD 5
SELL 2
STRONG
SELL
0
| PRICE TARGET: $56.50 DETAILS
HIGH: $57.00
LOW: $56.00
MEDIAN: $56.50
CONSENSUS: $56.50
UPSIDE: 5.02%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 85% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Mild
Trading 13.2% above fair value
Current Price $53.80
Bear Case $41.58 22.7% downside ($41.58 - $53.80) / $53.80 = -22.7% $2.97 × 14x P/E
Fair Value $47.52 11.7% downside ($47.52 - $53.80) / $53.80 = -11.7% $2.97 × 16x P/E
Bull Case $53.46 0.6% downside ($53.46 - $53.80) / $53.80 = -0.6% $2.97 × 18x P/E

Adjust Assumptions

16.0x
2.97$

Key Value Driver

Normalized P/E multiple (16x base case)

Implied Market Multiple 18.1x

Plain-Language Summary

Applying a 16x P/E to adjusted EPS of $2.97, the base-case value is $47.52 per share. DDM cross-check: $47.28.

Analyst Consensus (External Reference)

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

Average Target (9 analysts) $56.50
Analyst Range $56.00 – $57.00
Divergence from AlphaVal 16%

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