KRNY — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($7.77)
DCF	$-15.04	-293.5%
Graham Number	$11.87	+52.8%
Reverse DCF	—	—
DDM	$9.06	+16.7%
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: —

Near-term growth (yrs 1–5)(%)Rev: 15.0% / EPS: 50.0%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 2.45%

Computed WACC: 2.45%

Cost of equity (Re)7.96%(Rf 4.30% + β 0.67 × 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)30.76%

Debt weight (D/V)69.24%

Results

Intrinsic Value / share—

Current Price$7.77

Upside / Downside—

Net Debt (used)$945.46M

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

WACC \ Near-term	42.0%	46.0%	50.0%	54.0%	58.0%
7.0%	$-15.04	$-15.04	$-15.04	$-15.04	$-15.04
8.0%	$-15.04	$-15.04	$-15.04	$-15.04	$-15.04
9.0%	$-15.04	$-15.04	$-15.04	$-15.04	$-15.04
10.0%	$-15.04	$-15.04	$-15.04	$-15.04	$-15.04
11.0%	$-15.04	$-15.04	$-15.04	$-15.04	$-15.04

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.52

Book Value / share($)Yahoo: $12.04

Results

Graham Number$11.87

Current Price$7.77

Margin of Safety+52.8%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 2.45%

Terminal growth rate(%)

Computed WACC: 2.45%

Cost of equity (Re)7.96%(Rf 4.30% + β 0.67 × 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)30.76%

Debt weight (D/V)69.24%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$7.77

Implied Near-term FCF Growth—

Historical Revenue Growth15.0%

Historical Earnings Growth50.0%

Base FCF (TTM)—

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: $0.44

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$9.06

Current Price$7.77

Upside / Downside+16.7%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: $945.46M

Results

Implied Equity Value / share$-15.04

Current Price$7.77

Upside / Downside-293.5%

Implied EV$0

← Overview Financial Statements ← Companies