Intrinsic value of Kellogg Company (K)

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$63.48

STOCK VALUATION INPUT DATA

Revenue, mln $
Initial revenue growth rate, %
Variable cost ratio, %
Fixed operating expenses, mln $
Production assets / Revenue, %
Working capital / Revenue, %
Interest rate on debt, %
Life of production assets, yrs
Initial discount rate, %
Shares outstanding, mln
Adjusted equity ratio
Revenue / Adjusted assets

Based on fiscal year data as of 2019-12-31 and quarterly data as of 2020-09-30.

NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.

Premium membership allows you to recalculate the intrinsic value for different input parameters.

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  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

COMPANY DESCRIPTION: Kellogg Company, together with its subsidiaries, manufactures and markets ready-to-eat cereal and convenience foods. The company operates through four segments: North America, Europe, Latin America, and Asia Middle East Africa. Its principal products include crackers, crisps, savory snacks, toaster pastries, cereal bars, granola bars and bites, ready-to-eat cereals, frozen waffles, veggie foods, and noodles. The company offers its products under the Kellogg's, Cheez-It, Pringles, Austin, Parati, RXBAR, Kashi, Bear Naked, Eggo, Morningstar Farms, Choco Krispies, Crunchy Nut, Nutri-Grain, Special K, Squares, Zucaritas, Sucrilhos, Pop-Tarts, K-Time, Split Stix, Be Natural, LCMs, Coco Pops, Rice Krispies Squares, Kashi Go, Vector, and Gardenburger brand names. It sells its products to retailers through direct sales forces, as well as brokers and distributors. Kellogg Company was founded in 1906 and is headquartered in Battle Creek, Michigan.

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2019(a)2020202120222023202420252026202720282029203020312032203320342035203620372038203920402041204220432044

INCOME STATEMENT

Revenue growth rate, %0.2NaN
Revenue, $13578NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m12177NaN
Operating income, $m1401NaN
EBITDA, $m1885NaN
Interest expense (income), $mNaN
Earnings before tax, $m1281NaN
Tax expense, $m321NaN
Net income, $m960NaN

BALANCE SHEET

Cash and short-term investments, $m397NaN
Total assets, $m17564NaN
Adjusted assets (=assets-cash), $m17167NaN
Average production assets, $m12596NaN
Working capital, $m-1347NaN
Total debt, $m7815NaN
Total liabilities, $m14250NaN
Total equity, $m3314NaN
Debt-to-equity ratio2.358NaN
Adjusted equity ratio0.206NaN

CASH FLOW

Net income, $m960NaN
Depreciation, amort., depletion, $m484NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m1176NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-586NaN
Cash from investing activities, $mNaN
Free cash flow, $m1762NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow (-), $mNaN
Cash flow adjustment, $mNaN
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN