| Intrinsic Valuation of: KMB | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 7 | Market Cap | $44B | |||||
| 2021 | - | - (-) | P/E Ratio | 18 | Total Asset | $17B | |||||
| 2022 | $2B | - (-) | Net Income | $3B | Total Debt | $7B | |||||
| 2023 | $2B | 7.8% (3.9%) | EBITDA | $4B | Total Liab | $16B | |||||
| 2024 | $3B | 49.5% (47.6%) | Opr Margin | 0.16 | Debt/Equity | 7.05 | |||||
| 2025 | $3B | -9.5% (-7.8%) | PreTax Margin | 15.14 | BV/Share | -4 | |||||
| 5Y Average FCF | $2B | 15.9% (14.6%) | |||||||||
| 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 (15.9%) | ||||||||||
| 2026 | $3B | MBG Intrinsic Value | $66 | ||||||||
| 2027 | $3B | ||||||||||
| 2028 | $4B | ||||||||||
| 2029 | $5B | ||||||||||
| 2030 | $5B | ||||||||||
| 2031 | $6B | ||||||||||
| Terminal Value | $127B | Net Worth/Share | $3 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $102B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $1B | $291 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $7B | WACC | 7.3% | 252 | 273 | 298 | 328 | 367 | |||
| Equity Value | $97B | 7.4% | 249 | 270 | 294 | 324 | 362 | ||||
| Shares Outstanding | 331,816,000 | 7.4% | 247 | 267 | 291 | 320 | 357 | ||||
| 7.9% | 225 | 241 | 261 | 284 | 313 | ||||||
| DCF Intrinsic Value | $291 | 8.4% | 206 | 220 | 236 | 255 | 278 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||