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DCF Valuation
Base-case fair value
$94.16
Intrinsic $125.55 · 25% MOS
Current price: $72.32
Base-case summary
Our base-case DCF for Korn Ferry (KFY) projects 10 years of free cash flow growth at 5.5% for years 1–5 and 2.8% for years 6–10, anchored to 5.5% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $288M in trailing free cash flow, this produces an intrinsic value of $125.55 per share. A 25% safety margin gives a fair value of $94.16, suggesting the stock is currently 30% undervalued against the $72.32 market price.
See 3 scenarios side by side
Conservative, Base, and Optimistic fair values, plus the sensitivity matrix and FCF history. Free account.
Model inputs
TTM Free Cash Flow
$288M
Cash & equivalents
$977M
Total debt
$565M
Shares outstanding
52M