# In an op-ed, MBA student Siddharth Dandekar explains his valuation of Ashland Inc. stock

1 School News October 7, 2014 ![Seeking Alpha logo](/sites/default/files/styles/246w/public/assets/images/con_030729.jpg?itok=lsJdjgi0)>

Excerpt from [Seeking Alpha](http://seekingalpha.com/article/2546785-ashland-good-chemistry-excellent-stock) -- "My base case valuation based on comparable company multiples implies a price target range of $122.39 - $130.87 for Ashland compared to DCF intrinsic value of $125.55 — upside of 20.5% to 28.8% compared to current price of $101.57. Applying the worst case scenario discussed earlier, the stock has a valuation range of $109.0 to $112.07 (still an upside of ~8.8%). Running the model based on higher than estimated growth (higher than company estimate but in line with industry outlook) provides a best case SOTP price target of $134.68 (a 32.6% upside). As expected, the stock offers significant upside when valued as a separate businesses."

[Read more](http://seekingalpha.com/article/2546785-ashland-good-chemistry-excellent-stock)