Discounted Cash Flow

Kimball Electronics, Inc.

KE · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $842.1m $22.3m $3.2m 2.6% $0.77
2017 $930.9m (10.6%) $34.2m (53.4%) $13.5m (326.1%) 3.7% (38.7%) $1.25 (62.3%)
2018 $1.1b (15.2%) $16.8m (-51.0%) $14.3m (6.1%) 1.6% (-57.4%) $0.63 (-49.6%)
2019 $1.2b (10.2%) $31.6m (88.4%) $-31.4m (-319.3%) 2.7% (70.9%) $1.22 (93.7%)
2020 $1.2b (1.6%) $18.2m (-42.3%) $34.4m (209.6%) 1.5% (-43.2%) $0.72 (-41.0%)
2021 $1.3b (7.6%) $56.8m (212.1%) $91.7m (166.3%) 4.4% (190.1%) $2.26 (213.9%)
2022 $1.3b (4.5%) $31.3m (-45.0%) $-157.1m (-271.3%) 2.3% (-47.3%) $1.24 (-45.1%)
2023 $1.8b (35.1%) $55.8m (78.6%) $-103.2m (34.3%) 3.1% (32.2%) $2.24 (80.6%)
2024 $1.7b (-6.0%) $20.5m (-63.3%) $27.1m (126.3%) 1.2% (-60.9%) $0.82 (-63.4%)
2025 $1.5b (-13.3%) $17.0m (-17.2%) $150.7m (455.1%) 1.1% (-4.5%) $0.68 (-17.1%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model