| Intrinsic Valuation of: KSPI | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 12 | Market Cap | $17B | |||||
| 2021 | - | - (-) | P/E Ratio | 7 | Total Asset | $11,082B | |||||
| 2022 | $962B | - (-) | Net Income | $1,073B | Total Debt | $348B | |||||
| 2023 | $1,056B | 9.8% (-27.1%) | EBITDA | $1,314B | Total Liab | $8,480B | |||||
| 2024 | $486B | -54.0% (-65.5%) | Opr Margin | 32.61 | Debt/Equity | 0.13 | |||||
| 2025 | $491B | 1.0% (-36.8%) | PreTax Margin | 32.61 | BV/Share | 8,653 | |||||
| 5Y Average FCF | $749B | 15.0% (-43.1%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.48% | 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 (15.0%) | ||||||||||
| 2026 | $654B | MBG Intrinsic Value | $106 | ||||||||
| 2027 | $735B | ||||||||||
| 2028 | $809B | ||||||||||
| 2029 | $869B | ||||||||||
| 2030 | $913B | ||||||||||
| 2031 | $935B | ||||||||||
| Terminal Value | $21,205B | Net Worth/Share | $13,691 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $17,981B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $903B | $97,541 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $348B | WACC | 6.5% | 91,708 | 99,624 | 109,510 | 122,203 | 139,100 | |||
| Equity Value | $18,536B | 7.1% | 81,719 | 87,737 | 95,053 | 104,136 | 115,715 | ||||
| Shares Outstanding | 190,027,266 | 7.8% | 73,596 | 78,280 | 83,852 | 90,592 | 98,911 | ||||
| 8.4% | 66,961 | 70,688 | 75,046 | 80,212 | 86,431 | ||||||
| DCF Intrinsic Value | $97,541 | 9.0% | 61,520 | 64,550 | 68,044 | 72,119 | 76,933 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||