| Intrinsic Valuation of: KMB | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 5 | Market Cap | $32B | |||||
| 2021 | - | - (-) | P/E Ratio | 19 | Total Asset | $17B | |||||
| 2022 | $2B | - (-) | Net Income | $2B | Total Debt | $6B | |||||
| 2023 | $3B | 49.5% (75.9%) | EBITDA | $3B | Total Liab | $15B | |||||
| 2024 | $3B | -9.5% (-7.6%) | Opr Margin | 14.29 | Debt/Equity | 3.97 | |||||
| 2025 | $2B | -34.8% (-33.4%) | PreTax Margin | 12.74 | BV/Share | -1 | |||||
| 5Y Average FCF | $2B | -2.0% (11.6%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 1.00% | Historical US Bond Yield: | 4.40% | ||||||||
| Discount Rate (WACC): | 7.00% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (-2.0%) | ||||||||||
| 2026 | $2B | MBG Intrinsic Value | $46 | ||||||||
| 2027 | $2B | ||||||||||
| 2028 | $2B | ||||||||||
| 2029 | $2B | ||||||||||
| 2030 | $2B | ||||||||||
| 2031 | $2B | ||||||||||
| Terminal Value | $29B | Net Worth/Share | $5 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $28B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $688M | $67 | 1.0% | 1.2% | 1.5% | 1.8% | 2.0% | ||||
| (-) Total Debt | $6B | WACC | 6.5% | 74 | 78 | 81 | 85 | 90 | |||
| Equity Value | $22B | 7.1% | 65 | 68 | 71 | 74 | 77 | ||||
| Shares Outstanding | 331,940,357 | 7.8% | 58 | 60 | 62 | 64 | 67 | ||||
| 8.4% | 51 | 53 | 55 | 57 | 59 | ||||||
| DCF Intrinsic Value | $67 | 9.0% | 46 | 47 | 49 | 50 | 52 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||