KRYS — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($263.80)
DCF	$144.38	-45.3%
Graham Number	$80.18	-69.6%
Reverse DCF	—	implied g: 30.2%
DDM	—	—
EV/EBITDA	$258.81	-1.9%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $93.93M

Near-term growth (yrs 1–5)(%)Rev: 17.5% / EPS: 11.6%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 7.07%

Computed WACC: 7.07%

Cost of equity (Re)7.08%(Rf 4.30% + β 0.51 × 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)99.88%

Debt weight (D/V)0.12%

Results

Intrinsic Value / share$200.54

Current Price$263.80

Upside / Downside-24.0%

Net Debt (used)-$818.45M

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

WACC \ Near-term	9.5%	13.5%	17.5%	21.5%	25.5%
7.0%	$153.49	$176.78	$203.49	$234.00	$268.69
8.0%	$128.92	$147.41	$168.59	$192.77	$220.25
9.0%	$112.01	$127.19	$144.58	$164.41	$186.94
10.0%	$99.68	$112.47	$127.10	$143.77	$162.70
11.0%	$90.32	$101.29	$113.83	$128.11	$144.31

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $6.84

Book Value / share($)Yahoo: $41.78

Results

Graham Number$80.18

Current Price$263.80

Margin of Safety-69.6%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 7.07%

Terminal growth rate(%)

Computed WACC: 7.07%

Cost of equity (Re)7.08%(Rf 4.30% + β 0.51 × 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)99.88%

Debt weight (D/V)0.12%

Results

Current Price$263.80

Implied Near-term FCF Growth22.9%

Historical Revenue Growth17.5%

Historical Earnings Growth11.6%

Base FCF (TTM)$93.93M

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$263.80

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $162.92M

Target EV/EBITDA multipleCurrent: 41.4×

Net Debt($B)Default: -$818.45M

Results

Implied Equity Value / share$258.81

Current Price$263.80

Upside / Downside-1.9%

Implied EV$6.75B

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

Mult \ Net Debt	-$2.82B	-$1.82B	-$818.45M	$181.55M	$1.18B
37.4x	$304.93	$270.73	$236.52	$202.31	$168.10
39.4x	$316.08	$281.87	$247.66	$213.45	$179.25
41.4x	$327.23	$293.02	$258.81	$224.60	$190.39
43.4x	$338.37	$304.17	$269.96	$235.75	$201.54
45.4x	$349.52	$315.31	$281.10	$246.89	$212.69

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