Overview
Discounted cash flow
Income / accounting-based
Multiples & assets
Scenario
Toolbox
Weighted blend
$18.33
-23.89% vs spot
Sell
Spot price
$24.08
Mkt cap $16.24B
subtle cardAnalyst PT consensus
$24.25
+0.71% vs spot
subtle cardMethods covered
19 / 20
9 in blend
subtle cardFootball field
KIM · fair-value range by method
Method comparison
KIM · fair value by valuation framework
| Method | Category | Fair value | Range | vs spot | Weight | Driver | Conf. |
|---|---|---|---|---|---|---|---|
| DCF · FCFF | dcf | $16.76 | $15.48 – $35.63 | -30.40% | 10.5% | WACC 7.0%, g₀=-1.2%, gₗ=3.7% | high |
| DCF · FCFE | dcf | $9.07 | $9.38 – $12.77 | -62.34% | 10.5% | kₑ 8.9%, g₀=-1.2%, gₗ=3.7% | high |
| DDM · Gordon | ddm | $21.83 | $18.30 – $27.04 | -9.36% | 10.5% | D₁ 1.09, kₑ 8.9%, gₗ 3.7% | med |
| DDM · H-model | ddm | $16.69 | $18.30 – $24.59 | -30.70% | — | D₀ 1.09, g₀=-1.2%, gₗ=3.7%, H 5y | med |
| DDM · multi-stage | ddm | $19.47 | $16.55 – $22.39 | -19.14% | 18.9% | 5y schedule -1.2% → 3.7%, kₑ 8.9% | high |
| Residual income | income | $15.00 | $13.20 – $16.80 | -37.70% | 5.3% | BV 16.14, ROE 5.5% → kₑ | high |
| EVA / MVA | income | -$8.83 | -$7.77 – -$9.89 | -136.66% | — | IC 19.0B, WACC 7.0% | high |
| Justified P/E | multiple | $8.15 | $6.92 – $9.37 | -66.17% | — | Fair P/E 9.8 (payout 100%, kₑ 8.9%, g -1.2%) | med |
| P/E · sector | multiple | $23.24 | $20.45 – $26.03 | -3.49% | 7.4% | EPS 0.83 × peer P/E 28.0 | med |
| Justified P/B | multiple | $10.80 | $9.18 – $12.42 | -55.15% | — | Fair P/B 0.67 · ROE 5.5%, kₑ 8.9% | high |
| P/S · sector | multiple | $16.34 | $13.89 – $18.79 | -32.14% | — | Rev/sh 3.27 × peer P/S 5.00 | med |
| EV / EBITDA | multiple | $31.74 | $27.93 – $35.55 | +31.82% | 10.5% | EBITDA × peer 18.0× − ND 8.4B | high |
| EV / EBIT | multiple | $11.95 | $10.16 – $13.75 | -50.35% | — | EBIT × peer 21.6× − ND | med |
| EV / Sales | multiple | $1.02 | $0.87 – $1.17 | -95.77% | — | Sales × peer 4.25× − ND | med |
| Earnings power | intrinsic | $3.52 | $3.10 – $3.94 | -85.38% | — | NOPAT / WACC, no growth | med |
| Graham revised | intrinsic | $6.96 | $5.92 – $8.00 | -71.10% | — | EPS×(8.5+2g)·4.4/Y | low |
| Lynch P/E=g | intrinsic | $4.15 | $3.53 – $4.77 | -82.77% | — | PE = g (-1.2) | low |
| Book NAV | asset | $16.14 | $15.33 – $16.95 | -32.98% | 21.1% | (Assets − Liabilities) / Shares | high |
| Liquidation | asset | $7.22 | $6.13 – $8.30 | -70.03% | 5.3% | Cash 100% + non-cash 70% − Liab. | low |
| Reverse DCF | reverse | — | — | — | — | Implied g 4.1% · Conservative — modest implied growth | high |
Cost-of-capital build-up
CAPM cost of equity, after-tax cost of debt, WACC. Risk-free as of 2026-05-12.
| Risk-free rate (US 10y Treasury)rf | 4.46% |
| Equity beta (0.99)β | × 0.99 |
| Equity risk premiumERP | 4.46% |
| Cost of equity (CAPM)kₑ | 8.86% |
| Pre-tax cost of debtkd | 4.72% |
| Effective tax ratet | 0.4% |
| After-tax cost of debt | 4.70% |
| Equity weight$10.6B | 55.0% |
| Debt weight$8.6B | 45.0% |
| WACC | 6.99% |
Growth assumptions
Blended forward growth used as DCF default; terminal pegged to long-run nominal GDP.
| Analyst forward revenue growthFMP | 2.70% |
| Analyst forward EPS growthFMP | -1.67% |
| Historical 5y revenue CAGRFY | 11.91% |
| Historical 5y EPS CAGRFY | -15.13% |
| Sustainable g (ROE × retention)Δ | 0.00% |
| Blended near-term growth (g₀) | -1.21% |
| Terminal growth (gₗ) | 3.67% |
Sources
- FMP /analyst-estimates— 8 rows(as of 2023-12-31)
- Treasury rates · 10y— 4.46% rf(as of 2026-05-12)
- market_risk_premium · DB— 4.46% ERP(as of 2026-05-13)
- Sector multiple defaults— Real Estate (live sector PE unavailable)
- FMP /price-target-consensus— mean $24.25
This page is generated by a quantitative valuation engine for research purposes only and does not constitute investment advice. Methodology follows standard CFA / Damodaran frameworks; assumptions are driven by analyst consensus from Financial Modeling Prep and reported financial statements.