Wolverine World Wide, Inc. logo WWW - Wolverine World Wide, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY 1
BUY 13
HOLD 22
SELL 2
STRONG
SELL 0
| PRICE TARGET: $21.50 DETAILS
HIGH: $24.00
LOW: $19.00
MEDIAN: $21.50
CONSENSUS: $21.50
UPSIDE: 21.40%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 80% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Fair Value Moderate
Trading 18.0% below fair value
Current Price $17.71
Bear Case $18.89 6.7% upside ($18.89 - $17.71) / $17.71 = 6.7% $1.35 × 14x P/E
Fair Value $21.60 22.0% upside ($21.60 - $17.71) / $17.71 = 22.0% $1.35 × 16x P/E
Bull Case $24.29 37.2% upside ($24.29 - $17.71) / $17.71 = 37.2% $1.35 × 18x P/E

Adjust Assumptions

16.0x
1.35$

Key Value Driver

Normalized P/E multiple (16x base case)

Implied Market Multiple 13.1x

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 $21.50 from 38 analysts, using a 30% weight on analyst consensus. That produces an estimated intrinsic value of $21.60 per share.

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