Step 3
The answer
Target EV · the strike
—
re-rated
The Re-Rate
—
value created
Triangulation — three ways to the number
A defensible value agrees across methods. Bars show current EV by each method; the strike sits at the top.
The bridge — where the value comes from
How the current EV becomes the strike: earnings growth, then the multiple you build by de-risking, then the strategic premium.
Current EV
Earnings growth
Multiple (de-risk)
Strategic premium