Kemper Corporation 5.875% Fixed (KMPB) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-116.7%

-$5.72

vs $34.26 price

Levered DCF

$18.84

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	17.55×	13.42×	-11.45×	-10.96×	-31.27×	12.31×	9.64×	20.3×
P/B	0.94×	1.53×	1.24×	1.29×	0.94×	1.11×	1.29×	1.27×
P/S	0.52×	0.92×	0.63×	0.58×	0.67×	0.97×	1.02×	1.05×
EV / EBITDA	12.41×	11.27×	-19.11×	-17.58×	-44.87×	10×	7.5×	11.33×
Gross margin	29.7%	12.7%	22.8%	-3.9%	6.3%	22.4%	23.7%	20.8%
Operating margin	3.3%	8.4%	-7.0%	-6.8%	-4.4%	9.8%	13.2%	5.4%
Net margin	3.0%	6.9%	-5.5%	-5.3%	-2.2%	7.9%	10.6%	5.2%
Current ratio	0×	0×	0.39×	4.13×	0.33×	0×	0×	18.01×
Debt / equity	0.37×	0.51×	0.55×	0.57×	0.28×	0.26×	0.2×	0.3×
Interest coverage	4.17×	6.83×	-6.19×	-6.78×	-5.72×	14.17×	15.57×	4.59×
Dividend yield	3.2%	1.9%	2.6%	2.5%	2.1%	1.6%	1.3%	1.5%
Payout ratio	55.5%	25.2%	-29.4%	-27.8%	-65.2%	19.2%	12.8%	29.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	5.3%	11.4%	-10.9%	-11.7%	-3.1%	9.0%	13.4%	6.2%
Return on invested capital	1.1%	69.5%	-3.4%	-11.6%	-1.4%	91.3%	118.4%	1.1%
Return on assets	1.1%	2.5%	-2.1%	-2.1%	-0.8%	2.9%	4.1%	1.6%
Free cash flow yield	22.0%	7.7%	-6.1%	-7.7%	7.8%	7.8%	8.8%	12.3%
Earnings yield	5.7%	7.5%	-8.7%	-9.1%	-3.3%	8.1%	10.4%	4.9%
Enterprise value	$3.4B	$5.6B	$4.4B	$4.3B	$4.8B	$6B	$5.7B	$4.7B
Net debt / EBITDA	3.21×	2.72×	-5.7×	-4.79×	-9.19×	1.61×	0.84×	2.01×
Cash conversion cycle (days)	73	97	90	144	117	101	100	-223