Knife River Corporation (KNF) 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

+114.8%

$126.04

vs $58.68 price

Levered DCF

$39.95

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

2.33

Grey zone

Rating

Overall 3 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
P/E	25.4×	28.55×	20.49×	19.22×	17.21×	15.15×
P/B	2.43×	3.9×	2.96×	2.17×	2.34×	0×
P/S	1.27×	1.98×	1.32×	0.88×	1×	1.02×
EV / EBITDA	10.4×	13.38×	9.85×	9.62×	10.05×	0×
Gross margin	18.4%	19.7%	19.0%	14.2%	15.6%	17.0%
Operating margin	9.1%	10.9%	10.5%	7.7%	8.6%	9.8%
Net margin	5.0%	7.0%	6.5%	4.6%	5.8%	6.8%
Current ratio	2.54×	2.67×	2.63×	1.18×	1.52×	0×
Debt / equity	0.74×	0.49×	0.57×	0.71×	0.77×	0×
Interest coverage	3.49×	5.72×	5.1×	6.45×	9.94×	10.42×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	9.6%	13.7%	14.4%	11.3%	13.6%	0.0%
Return on invested capital	6.4%	9.4%	9.7%	7.0%	7.3%	0.0%
Return on assets	4.3%	7.1%	7.0%	5.1%	5.9%	0.0%
Free cash flow yield	-1.7%	2.6%	5.6%	1.3%	0.3%	4.3%
Earnings yield	3.9%	3.5%	4.9%	5.2%	5.8%	6.6%
Enterprise value	$5.1B	$6.2B	$4.2B	$2.9B	$2.9B	$0
Net debt / EBITDA	2.24×	0.96×	1.09×	2.35×	2.46×	0×
Cash conversion cycle (days)	73	71	68	72	73	0