KINS — Valuation Models

Interactive models with editable assumptions. All calculations run client-side.

Valuation Summary

Model	Intrinsic Value	vs Price ($16.53)
DCF	$363.21	+2097.3%
Graham Number	$19.63	+18.7%
Reverse DCF	—	implied g: -19.2%
DDM	$3.09	-81.3%
EV/EBITDA	$16.53	+0.0%

Values reflect default assumptions. Adjust inputs in each model below to update.

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $49.63M

Near-term growth (yrs 1–5)(%)Rev: 36.5% / EPS: 34.5%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.57%

Computed WACC: 6.57%

Cost of equity (Re)6.70%(Rf 4.30% + β 0.44 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)97.94%

Debt weight (D/V)2.06%

Results

Intrinsic Value / share$637.68

Current Price$16.53

Upside / Downside+3757.7%

Net Debt (used)-$21.87M

Sensitivity: WACC (rows) × Near-term g (cols)

WACC \ Near-term	28.5%	32.5%	36.5%	40.5%	44.5%
7.0%	$422.51	$490.47	$567.04	$653.00	$749.21
8.0%	$333.24	$386.45	$446.38	$513.64	$588.89
9.0%	$272.16	$315.29	$363.85	$418.32	$479.25
10.0%	$227.95	$263.79	$304.12	$349.36	$399.93
11.0%	$194.61	$224.97	$259.11	$297.38	$340.16

2 — Graham Number

Assumptions

MultiplierGraham used 22.5 (15× P/E × 1.5× P/B)

EPS (trailing)($)Yahoo: $2.25

Book Value / share($)Yahoo: $7.61

Results

Graham Number$19.63

Current Price$16.53

Margin of Safety+18.7%

Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.57%

Terminal growth rate(%)

Computed WACC: 6.57%

Cost of equity (Re)6.70%(Rf 4.30% + β 0.44 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)97.94%

Debt weight (D/V)2.06%

Results

Current Price$16.53

Implied Near-term FCF Growth-20.0%

Historical Revenue Growth36.5%

Historical Earnings Growth34.5%

Base FCF (TTM)$49.63M

Implied growth is the FCF growth rate (yrs 1–5) that makes the DCF intrinsic value equal the current price. Long-term growth is set to half the implied near-term rate.

4 — Dividend Discount Model (DDM)

Assumptions

Annual dividend D0($/share)Yahoo: $0.15

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$3.09

Current Price$16.53

Upside / Downside-81.3%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $40.68M

Target EV/EBITDA multipleCurrent: 5.2×

Net Debt($B)Default: -$21.87M

Results

Implied Equity Value / share$16.53

Current Price$16.53

Upside / Downside+0.0%

Implied EV$212.01M

Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)

Mult \ Net Debt	-$2.02B	-$1.02B	-$21.87M	$978.13M	$1.98B
1.2x	$146.40	$75.71	$5.03	$-65.66	$-136.34
3.2x	$152.15	$81.46	$10.78	$-59.90	$-130.59
5.2x	$157.90	$87.22	$16.53	$-54.15	$-124.84
7.2x	$163.65	$92.97	$22.28	$-48.40	$-119.09
9.2x	$169.40	$98.72	$28.03	$-42.65	$-113.33

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