KNF — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($88.78)
DCF	$-263.48	-396.8%
Graham Number	$42.41	-52.2%
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$88.78	-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$136.58M

Near-term growth (yrs 1–5)(%)Rev: 14.9% / EPS: 36.1%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.44%

Computed WACC: 5.44%

Cost of equity (Re)6.76%(Rf 4.30% + β 0.45 × 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)80.51%

Debt weight (D/V)19.49%

Results

Intrinsic Value / share$-640.10

Current Price$88.78

Upside / Downside-821.0%

Net Debt (used)$1.14B

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

WACC \ Near-term	28.1%	32.1%	36.1%	40.1%	44.1%
7.0%	$-302.97	$-348.76	$-400.36	$-458.31	$-523.19
8.0%	$-243.08	$-278.94	$-319.33	$-364.68	$-415.44
9.0%	$-202.10	$-231.17	$-263.90	$-300.64	$-341.75
10.0%	$-172.43	$-196.59	$-223.79	$-254.30	$-288.43
11.0%	$-150.05	$-170.52	$-193.55	$-219.37	$-248.24

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $2.76

Book Value / share($)Yahoo: $28.96

Results

Graham Number$42.41

Current Price$88.78

Margin of Safety-52.2%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.44%

Terminal growth rate(%)

Computed WACC: 5.44%

Cost of equity (Re)6.76%(Rf 4.30% + β 0.45 × 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)80.51%

Debt weight (D/V)19.49%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$88.78

Implied Near-term FCF Growth—

Historical Revenue Growth14.9%

Historical Earnings Growth36.1%

Base FCF (TTM)-$136.58M

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: —

Dividend growth rate (g)(%)

Required return (r)(%)

Results

This company does not pay a dividend. DDM is not applicable — the intrinsic value shown uses D0 = $0 unless you enter a hypothetical dividend above.

DDM Intrinsic Value / share—

Current Price$88.78

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $488.82M

Target EV/EBITDA multipleCurrent: 12.6×

Net Debt($B)Default: $1.14B

Results

Implied Equity Value / share$88.78

Current Price$88.78

Upside / Downside-0.0%

Implied EV$6.17B

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

Mult \ Net Debt	$1.14B	$1.14B	$1.14B	$1.14B	$1.14B
8.6x	$54.27	$54.27	$54.27	$54.27	$54.27
10.6x	$71.52	$71.52	$71.52	$71.52	$71.52
12.6x	$88.78	$88.78	$88.78	$88.78	$88.78
14.6x	$106.03	$106.03	$106.03	$106.03	$106.03
16.6x	$123.28	$123.28	$123.28	$123.28	$123.28

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