Intrinsic value of KBR - KBR

Previous Close

$15.28

  Intrinsic Value

$65.89

stock screener

  Rating & Target

str. buy

+331%

  Value-price divergence*

+197%

Previous close

$15.28

 
Intrinsic value

$65.89

 
Up/down potential

+331%

 
Rating

str. buy

 
Value-price divergence*

+197%

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of KBR stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 2.1

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  -16.25
  11.00
  10.40
  9.86
  9.37
  8.94
  8.54
  8.19
  7.87
  7.58
  7.32
  7.09
  6.88
  6.69
  6.53
  6.37
  6.24
  6.11
  6.00
  5.90
  5.81
  5.73
  5.66
  5.59
  5.53
  5.48
  5.43
  5.39
  5.35
  5.31
  5.28
Revenue, $m
  4,268
  4,737
  5,230
  5,746
  6,284
  6,846
  7,431
  8,039
  8,672
  9,330
  10,013
  10,723
  11,461
  12,229
  13,027
  13,857
  14,721
  15,620
  16,558
  17,535
  18,554
  19,617
  20,726
  21,885
  23,096
  24,361
  25,684
  27,068
  28,515
  30,031
  31,617
Variable operating expenses, $m
 
  3,111
  3,425
  3,753
  4,096
  4,454
  4,826
  5,213
  5,616
  6,035
  6,470
  6,826
  7,295
  7,784
  8,292
  8,820
  9,370
  9,943
  10,539
  11,161
  11,810
  12,487
  13,193
  13,930
  14,701
  15,506
  16,349
  17,229
  18,151
  19,115
  20,125
Fixed operating expenses, $m
 
  1,499
  1,536
  1,574
  1,614
  1,654
  1,695
  1,738
  1,781
  1,826
  1,871
  1,918
  1,966
  2,015
  2,066
  2,117
  2,170
  2,225
  2,280
  2,337
  2,396
  2,456
  2,517
  2,580
  2,644
  2,710
  2,778
  2,848
  2,919
  2,992
  3,067
Total operating expenses, $m
  4,240
  4,610
  4,961
  5,327
  5,710
  6,108
  6,521
  6,951
  7,397
  7,861
  8,341
  8,744
  9,261
  9,799
  10,358
  10,937
  11,540
  12,168
  12,819
  13,498
  14,206
  14,943
  15,710
  16,510
  17,345
  18,216
  19,127
  20,077
  21,070
  22,107
  23,192
Operating income, $m
  28
  127
  269
  418
  575
  738
  910
  1,088
  1,275
  1,469
  1,672
  1,979
  2,200
  2,429
  2,669
  2,919
  3,180
  3,453
  3,738
  4,036
  4,348
  4,674
  5,016
  5,375
  5,750
  6,144
  6,557
  6,991
  7,446
  7,923
  8,425
EBITDA, $m
  73
  239
  383
  533
  691
  857
  1,030
  1,211
  1,400
  1,596
  1,802
  2,015
  2,238
  2,470
  2,713
  2,965
  3,229
  3,505
  3,793
  4,095
  4,410
  4,740
  5,086
  5,448
  5,828
  6,226
  6,643
  7,081
  7,541
  8,024
  8,531
Interest expense (income), $m
  12
  24
  32
  45
  59
  73
  88
  104
  120
  137
  154
  172
  191
  211
  231
  253
  275
  298
  322
  347
  373
  400
  428
  458
  488
  521
  554
  590
  626
  665
  705
Earnings before tax, $m
  33
  104
  237
  373
  516
  665
  822
  985
  1,155
  1,333
  1,518
  1,807
  2,008
  2,218
  2,438
  2,666
  2,905
  3,155
  3,416
  3,690
  3,975
  4,275
  4,588
  4,917
  5,262
  5,623
  6,003
  6,401
  6,819
  7,258
  7,720
Tax expense, $m
  84
  28
  64
  101
  139
  180
  222
  266
  312
  360
  410
  488
  542
  599
  658
  720
  784
  852
  922
  996
  1,073
  1,154
  1,239
  1,328
  1,421
  1,518
  1,621
  1,728
  1,841
  1,960
  2,084
Net income, $m
  -61
  76
  173
  272
  377
  486
  600
  719
  843
  973
  1,108
  1,319
  1,466
  1,619
  1,779
  1,947
  2,121
  2,303
  2,494
  2,693
  2,902
  3,121
  3,349
  3,589
  3,841
  4,105
  4,382
  4,673
  4,978
  5,299
  5,636

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  536
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  4,144
  4,005
  4,421
  4,857
  5,312
  5,787
  6,281
  6,796
  7,331
  7,887
  8,464
  9,064
  9,688
  10,337
  11,011
  11,713
  12,444
  13,204
  13,996
  14,822
  15,683
  16,582
  17,520
  18,500
  19,523
  20,592
  21,711
  22,880
  24,104
  25,385
  26,726
Adjusted assets (=assets-cash), $m
  3,608
  4,005
  4,421
  4,857
  5,312
  5,787
  6,281
  6,796
  7,331
  7,887
  8,464
  9,064
  9,688
  10,337
  11,011
  11,713
  12,444
  13,204
  13,996
  14,822
  15,683
  16,582
  17,520
  18,500
  19,523
  20,592
  21,711
  22,880
  24,104
  25,385
  26,726
Revenue / Adjusted assets
  1.183
  1.183
  1.183
  1.183
  1.183
  1.183
  1.183
  1.183
  1.183
  1.183
  1.183
  1.183
  1.183
  1.183
  1.183
  1.183
  1.183
  1.183
  1.183
  1.183
  1.183
  1.183
  1.183
  1.183
  1.183
  1.183
  1.183
  1.183
  1.183
  1.183
  1.183
Average production assets, $m
  299
  332
  366
  402
  440
  479
  520
  563
  607
  653
  701
  751
  802
  856
  912
  970
  1,030
  1,093
  1,159
  1,227
  1,299
  1,373
  1,451
  1,532
  1,617
  1,705
  1,798
  1,895
  1,996
  2,102
  2,213
Working capital, $m
  488
  -43
  -47
  -52
  -57
  -62
  -67
  -72
  -78
  -84
  -90
  -97
  -103
  -110
  -117
  -125
  -132
  -141
  -149
  -158
  -167
  -177
  -187
  -197
  -208
  -219
  -231
  -244
  -257
  -270
  -285
Total debt, $m
  693
  910
  1,285
  1,677
  2,087
  2,514
  2,959
  3,422
  3,904
  4,404
  4,924
  5,464
  6,026
  6,609
  7,216
  7,848
  8,505
  9,190
  9,903
  10,646
  11,421
  12,230
  13,074
  13,956
  14,877
  15,839
  16,846
  17,898
  19,000
  20,153
  21,360
Total liabilities, $m
  3,387
  3,604
  3,979
  4,371
  4,781
  5,208
  5,653
  6,116
  6,598
  7,098
  7,618
  8,158
  8,720
  9,303
  9,910
  10,542
  11,199
  11,884
  12,597
  13,340
  14,115
  14,924
  15,768
  16,650
  17,571
  18,533
  19,540
  20,592
  21,694
  22,847
  24,054
Total equity, $m
  757
  400
  442
  486
  531
  579
  628
  680
  733
  789
  846
  906
  969
  1,034
  1,101
  1,171
  1,244
  1,320
  1,400
  1,482
  1,568
  1,658
  1,752
  1,850
  1,952
  2,059
  2,171
  2,288
  2,410
  2,539
  2,673
Total liabilities and equity, $m
  4,144
  4,004
  4,421
  4,857
  5,312
  5,787
  6,281
  6,796
  7,331
  7,887
  8,464
  9,064
  9,689
  10,337
  11,011
  11,713
  12,443
  13,204
  13,997
  14,822
  15,683
  16,582
  17,520
  18,500
  19,523
  20,592
  21,711
  22,880
  24,104
  25,386
  26,727
Debt-to-equity ratio
  0.915
  2.270
  2.910
  3.450
  3.930
  4.340
  4.710
  5.040
  5.330
  5.580
  5.820
  6.030
  6.220
  6.390
  6.550
  6.700
  6.840
  6.960
  7.080
  7.180
  7.280
  7.380
  7.460
  7.540
  7.620
  7.690
  7.760
  7.820
  7.880
  7.940
  7.990
Adjusted equity ratio
  0.061
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -61
  76
  173
  272
  377
  486
  600
  719
  843
  973
  1,108
  1,319
  1,466
  1,619
  1,779
  1,947
  2,121
  2,303
  2,494
  2,693
  2,902
  3,121
  3,349
  3,589
  3,841
  4,105
  4,382
  4,673
  4,978
  5,299
  5,636
Depreciation, amort., depletion, $m
  45
  112
  113
  115
  117
  119
  121
  123
  125
  127
  129
  36
  38
  41
  44
  46
  49
  52
  55
  59
  62
  66
  69
  73
  77
  82
  86
  91
  96
  101
  106
Funds from operations, $m
  198
  187
  287
  388
  494
  604
  721
  842
  968
  1,100
  1,238
  1,355
  1,504
  1,660
  1,823
  1,993
  2,170
  2,356
  2,549
  2,752
  2,964
  3,186
  3,419
  3,663
  3,918
  4,187
  4,468
  4,763
  5,074
  5,399
  5,741
Change in working capital, $m
  137
  -4
  -4
  -5
  -5
  -5
  -5
  -5
  -6
  -6
  -6
  -6
  -7
  -7
  -7
  -7
  -8
  -8
  -8
  -9
  -9
  -10
  -10
  -10
  -11
  -11
  -12
  -12
  -13
  -14
  -14
Cash from operations, $m
  61
  192
  291
  392
  498
  610
  726
  847
  974
  1,106
  1,244
  1,361
  1,511
  1,667
  1,830
  2,000
  2,178
  2,364
  2,558
  2,761
  2,973
  3,196
  3,429
  3,673
  3,929
  4,198
  4,480
  4,776
  5,087
  5,413
  5,756
Maintenance CAPEX, $m
  0
  -14
  -16
  -18
  -19
  -21
  -23
  -25
  -27
  -29
  -31
  -34
  -36
  -38
  -41
  -44
  -46
  -49
  -52
  -55
  -59
  -62
  -66
  -69
  -73
  -77
  -82
  -86
  -91
  -96
  -101
New CAPEX, $m
  -11
  -33
  -34
  -36
  -38
  -39
  -41
  -43
  -44
  -46
  -48
  -50
  -52
  -54
  -56
  -58
  -60
  -63
  -66
  -68
  -71
  -74
  -78
  -81
  -85
  -89
  -93
  -97
  -101
  -106
  -111
Cash from investing activities, $m
  -981
  -47
  -50
  -54
  -57
  -60
  -64
  -68
  -71
  -75
  -79
  -84
  -88
  -92
  -97
  -102
  -106
  -112
  -118
  -123
  -130
  -136
  -144
  -150
  -158
  -166
  -175
  -183
  -192
  -202
  -212
Free cash flow, $m
  -920
  144
  241
  339
  441
  549
  662
  780
  903
  1,031
  1,165
  1,278
  1,424
  1,575
  1,733
  1,899
  2,071
  2,251
  2,440
  2,637
  2,843
  3,059
  3,286
  3,523
  3,771
  4,032
  4,306
  4,593
  4,895
  5,211
  5,544
Issuance/(repayment) of debt, $m
  641
  226
  375
  392
  410
  427
  445
  463
  481
  500
  520
  540
  562
  584
  607
  632
  657
  684
  713
  743
  775
  809
  844
  882
  921
  963
  1,006
  1,053
  1,101
  1,153
  1,207
Issuance/(repurchase) of shares, $m
  -4
  95
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  630
  321
  375
  392
  410
  427
  445
  463
  481
  500
  520
  540
  562
  584
  607
  632
  657
  684
  713
  743
  775
  809
  844
  882
  921
  963
  1,006
  1,053
  1,101
  1,153
  1,207
Total cash flow (excl. dividends), $m
  -301
  465
  616
  731
  851
  976
  1,107
  1,243
  1,384
  1,531
  1,684
  1,818
  1,985
  2,159
  2,341
  2,530
  2,729
  2,936
  3,153
  3,380
  3,618
  3,868
  4,130
  4,404
  4,692
  4,995
  5,312
  5,646
  5,996
  6,364
  6,751
Retained Cash Flow (-), $m
  308
  -170
  -42
  -44
  -46
  -47
  -49
  -51
  -53
  -56
  -58
  -60
  -62
  -65
  -67
  -70
  -73
  -76
  -79
  -83
  -86
  -90
  -94
  -98
  -102
  -107
  -112
  -117
  -122
  -128
  -134
Prev. year cash balance distribution, $m
 
  527
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  822
  574
  687
  806
  929
  1,057
  1,191
  1,330
  1,476
  1,627
  1,758
  1,923
  2,094
  2,273
  2,460
  2,655
  2,860
  3,074
  3,298
  3,532
  3,778
  4,036
  4,306
  4,590
  4,888
  5,200
  5,529
  5,874
  6,236
  6,617
Discount rate, %
 
  6.60
  6.93
  7.28
  7.64
  8.02
  8.42
  8.84
  9.29
  9.75
  10.24
  10.75
  11.29
  11.85
  12.45
  13.07
  13.72
  14.41
  15.13
  15.88
  16.68
  17.51
  18.39
  19.31
  20.27
  21.29
  22.35
  23.47
  24.64
  25.87
  27.17
PV of cash for distribution, $m
 
  771
  502
  557
  600
  632
  651
  658
  654
  639
  614
  572
  533
  488
  440
  390
  339
  290
  243
  200
  162
  128
  98
  74
  55
  39
  27
  19
  12
  8
  5
Current shareholders' claim on cash, %
  100
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1
  87.1

KBR, Inc. provides professional services and technologies across the asset and program life-cycle within the government services and hydrocarbons industries worldwide. The company operates through three segments: Government Services, Technology & Consulting, and Engineering & Construction. The Government Services segment offers life-cycle support solutions, including research and development, systems engineering, test and evaluation, systems integration, and program management, as well as operations support, maintenance, and field logistics across the defense, space, and aviation sectors for government agencies in the United States, the United Kingdom, and Australia. The Technology & Consulting segment provides licensing of technologies, basic engineering and design, proprietary equipment, plant automation, remote monitoring, catalysts, solvents, and vessel internals with consulting services to the hydrocarbons, petrochemicals, chemicals, and fertilizer markets. This segment also offers field development planning, technology selection, and capital expenditure optimization; plant integrity management; specialized naval architecture technology, floating production units, and structural engineering; and feasibility studies, revamp studies, and planning/development and construction studies. The Engineering & Construction segment provides project delivery solutions, such as conceptual design, front end engineering design, and execution planning; engineering, procurement, and construction/engineering, procurement, construction, and maintenance delivery for the development, construction, and commissioning of projects across the offshore and onshore oil and gas industries, and liquefied natural gas/gas to liquids markets, as well as for refining, petrochemicals, chemicals, specialty chemicals, and fertilizers industries; and engineering, construction, and maintenance solutions. KBR, Inc. was founded in 1901 and is headquartered in Houston, Texas.

FINANCIAL RATIOS  of  KBR (KBR)

Valuation Ratios
P/E Ratio -35.8
Price to Sales 0.5
Price to Book 2.9
Price to Tangible Book
Price to Cash Flow 35.8
Price to Free Cash Flow 43.6
Growth Rates
Sales Growth Rate -16.2%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 10%
Cap. Spend. - 3 Yr. Gr. Rate -32.4%
Financial Strength
Quick Ratio 60
Current Ratio 0.1
LT Debt to Equity 90.4%
Total Debt to Equity 91.5%
Interest Coverage 4
Management Effectiveness
Return On Assets -2.1%
Ret/ On Assets - 3 Yr. Avg. -7.6%
Return On Total Capital -4.7%
Ret/ On T. Cap. - 3 Yr. Avg. -18.9%
Return On Equity -6.7%
Return On Equity - 3 Yr. Avg. -20.2%
Asset Turnover 1.1
Profitability Ratios
Gross Margin 2.6%
Gross Margin - 3 Yr. Avg. 2.7%
EBITDA Margin 2.1%
EBITDA Margin - 3 Yr. Avg. -0.6%
Operating Margin 0.7%
Oper. Margin - 3 Yr. Avg. -1.9%
Pre-Tax Margin 0.8%
Pre-Tax Margin - 3 Yr. Avg. -1.8%
Net Profit Margin -1.4%
Net Profit Margin - 3 Yr. Avg. -5.8%
Effective Tax Rate 254.5%
Eff/ Tax Rate - 3 Yr. Avg. 76%
Payout Ratio -75.4%

KBR stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the KBR stock intrinsic value calculation we used $4268 million for the last fiscal year's total revenue generated by KBR. The default revenue input number comes from 2016 income statement of KBR. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our KBR stock valuation model: a) initial revenue growth rate of 11% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 6.6%, whose default value for KBR is calculated based on our internal credit rating of KBR, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of KBR.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of KBR stock the variable cost ratio is equal to 65.9%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $1462 million in the base year in the intrinsic value calculation for KBR stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for KBR.

Corporate tax rate of 27% is the nominal tax rate for KBR. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the KBR stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for KBR are equal to 7%.

Life of production assets of 20.9 years is the average useful life of capital assets used in KBR operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for KBR is equal to -0.9%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $757 million for KBR - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 137.5 million for KBR is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of KBR at the current share price and the inputted number of shares is $2.1 billion.

RELATED COMPANIES Price Int.Val. Rating
FLR Fluor 38.44 124.79  str.buy
ACM AECOM 31.52 37.82  hold
JEC Jacobs Enginee 51.05 57.39  hold
MDR McDermott Inte 5.81 2.47  str.sell
PWR Quanta Service 34.27 2.93  str.sell
CBI Chicago Bridge 9.97 0.82  str.sell

COMPANY NEWS

▶ KBR, Inc. Value Analysis (NYSE:KBR) : August 12, 2017   [Aug-11-17 08:13PM  Capital Cube]
▶ KBR Dividend Declaration   [Aug-10-17 05:50AM  PR Newswire]
▶ KBR tops Street 2Q forecasts   [Aug-02-17 09:08PM  Associated Press]
▶ KBRwyle Awarded Seat on $3B NOAA Program   [Jul-20-17 05:55AM  PR Newswire]
▶ Why Analysts Expect Honeywells Revenues to Fall in 2Q17   [Jul-17-17 09:10AM  Market Realist]
▶ Story Stocks from Briefing.com   [09:03AM  Briefing.com]
Stock chart of KBR Financial statements of KBR
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.