Undervalued at $5870

The Andersons, Inc. (NASDAQ:ANDE) is currently trading at an all‑time high, yet a 2‑Stage Free Cash Flow to Equity model values the stock at US$58.70, below the market price of US$65.77. The model, using a 7.6% cost of equity, estimates the company’s total equity at US$2.0 billion, implying a fair P/E of 12.9. Analysts note that the Bloomberg‑style price target of US$66.67 is 14 % above this intrinsic estimate, suggesting a moderate upside potential.