Evaluating Hillenbrand's Valuation Amid Recent Share Price Surge

Hillenbrand's share price has surged 20% in the past month, with a 1-year total shareholder return of 18.44%. The stock now trades at $31.37, slightly below its estimated fair value of $33.00. The company's focus on factory automation and digital manufacturing solutions, as well as increased investment in R&D and digital services, supports growth in recurring, higher-margin aftermarket and service revenue streams. However, persistent global economic uncertainty and challenges integrating recent acquisitions could undermine Hillenbrand's rebound and stall long-term earnings growth.