| Intrinsic Valuation of: KHC | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 2 | Market Cap | $31B | |||||
| 2021 | - | - (-) | P/E Ratio | 12 | Total Asset | $88B | |||||
| 2022 | $4B | - (-) | Net Income | $3B | Total Debt | $19B | |||||
| 2023 | $2B | -65.2% (-65.8%) | EBITDA | $3B | Total Liab | $39B | |||||
| 2024 | $3B | 90.8% (89.7%) | Opr Margin | 0.21 | Debt/Equity | 0.39 | |||||
| 2025 | $3B | 1.9% (5.1%) | PreTax Margin | 17.68 | BV/Share | -17 | |||||
| 5Y Average FCF | $3B | 9.2% (9.7%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.5% | Historical US Bond Yield: | 4.4% | ||||||||
| Discount Rate (WACC): | 7.4% | Current US Bond Yield: | 3.5% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (9.2%) | ||||||||||
| 2026 | $3B | MBG Intrinsic Value | $20 | ||||||||
| 2027 | $4B | ||||||||||
| 2028 | $4B | ||||||||||
| 2029 | $4B | ||||||||||
| 2030 | $5B | ||||||||||
| 2031 | $5B | ||||||||||
| Terminal Value | $106B | Net Worth/Share | $42 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $88B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $1B | $60 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $19B | WACC | 7.3% | 50 | 55 | 61 | 68 | 78 | |||
| Equity Value | $70B | 7.4% | 50 | 55 | 60 | 67 | 76 | ||||
| Shares Outstanding | 1,183,539,968 | 7.4% | 49 | 54 | 60 | 66 | 75 | ||||
| 7.9% | 44 | 48 | 52 | 58 | 65 | ||||||
| DCF Intrinsic Value | $60 | 8.4% | 40 | 43 | 47 | 51 | 56 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||