Kellanova

Kellanova

KยทNYSE

$83.44

-0.036%
Consumer DefensiveFood Confectioners

Kellanova, together with its subsidiaries, manufactures and markets snacks and convenience foods in North America, Europe, Latin America, the Asia Pacific, the Middle East, Australia, and Africa. Its principal products consist of snacks, such as crackers, savory snacks, toaster pastries, cereal bars, granola bars, and bites; and convenience foods, including ready-to-eat cereals, frozen waffles, veggie foods, and noodles; and crisps. The company offers its products under the Kellogg's, Cheez-It, Pringles, Austin, Parati, RXBAR, Eggo, Morningstar Farms, Bisco, Club, Luxe, Minueto, Special K, Toasteds, Town House, Zesta, Zoo Cartoon, Choco Krispis, Crunchy Nut, Kashi, Nutri-Grain, Squares, Zucaritas, Rice Krispies Treats, Sucrilhos, Pop-Tarts, K-Time, Sunibrite, Split Stix, LCMs, Coco Pops, Krave, Frosties, Rice Krispies Squares, Incogmeato, Veggitizers, Gardenburger, Trink, Carr's, Kellogg's Extra, Mรผsli, Fruit ย‘n Fibre, Kellogg's Crunchy Nut, Country Store, Smacks, Honey Bsss, Zimmy's, Toppas, Tresor, Froot Ring, Chocos, Chex, Guardian, Just Right, Sultana Bran, Rice Bubbles, Sustain, Choco Krispies, Melvin, Cornelius, Chocovore, Poperto, Pops the Bee, and Sammy the Seal brand names. It sells its products to retailers through direct sales forces, as well as brokers and distributors. The company was formerly known as Kellogg Company and changed its name to Kellanova in October 2023. Kellanova was founded in 1906 and is headquartered in Chicago, Illinois.

At a Glance

Live Snapshot
Market Cap$29.03B
EPS3.9200
P/E Ratio21.29
Earnings Date02/05/2026
Kellanova

Kellanova Fair Value Envelope

K ยท NYSE

Our analysis suggests that K has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $83.44, this represents a potential HIDDEN relative to our calculated worth for Kellanova.

Intrinsic Value
Current Price: $83.44

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$87.5B
+ Cash & Equivalents$694.0M
Firm Value$88.2B
- Debt$6.3B
Equity Value$81.9B
/ Shares Outstanding347,932,629B
DCF Value$235
UNDERVALUED BY 182%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$2.1B
$2.4B
$2.8B
$3.3B
$3.8B
$4.5B
$5.3B
$6.2B
$7.2B
$8.4B
Maintenance CapEx
-$146.9M
-$171.8M
-$200.9M
-$234.9M
-$274.7M
-$321.2M
-$375.7M
-$439.3M
-$513.7M
-$600.8M
Owner Earnings
$1.9B
$2.2B
$2.6B
$3.1B
$3.6B
$4.2B
$4.9B
$5.7B
$6.7B
$7.8B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$1.8B
$1.9B
$2.1B
$2.2B
$2.4B
$2.6B
$2.9B
$3.1B
$3.3B
$3.6B
Terminal Value represents 70.3% of Enterprise Value