KRMN - NYSE

Karman Holdings Inc.

Karman Holdings Inc.

KRMNยทNYSE

$51.84

-1.4%
IndustrialsAerospace & Defense

Karman Holdings Inc., through its subsidiary, Karman Space and Defense, engages in designing, testing, manufacturing, and sale of mission-critical systems for missile and defense, space programs, hypersonic, and launch vehicle markets. It also supplies metallic and composite flight hardware and sub-assemblies. In addition, the company provides solutions for payload protection and deployment systems, aerodynamic interstage systems, and propulsion systems. The company was incorporated in 2020 and is based in Huntington Beach, California. Karman Holdings Inc. is a subsidiary of TCFIII Spaceco SPV LP.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$6.87B
EPS0.1300
P/E Ratio398.77
Earnings Date08/06/2026
Karman Holdings Inc.

Karman Holdings Inc. Fair Value Envelope

KRMN ยท NYSE

Our analysis suggests that KRMN has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $51.84, this represents a potential HIDDEN relative to our calculated worth for Karman Holdings Inc..

HIDDEN
Intrinsic Value
Current Price: $51.84

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-$22.6M
+ Cash & Equivalents$34.0M
Firm Value$11.4M
- Debt$587.3M
Equity Value-$575.9M
/ Shares Outstanding132,322,435B
DCF Value-$4
OVERVALUED BY 108%

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
-$11.1M
-$5.5M
-$2.8M
-$1.4M
-$691.2K
-$345.6K
-$172.8K
-$86.4K
-$43.2K
-$21.6K
Maintenance CapEx
-$2.0M
-$1.0M
-$508.4K
-$254.2K
-$127.1K
-$63.6K
-$31.8K
-$15.9K
-$7.9K
-$4.0K
Owner Earnings
-$13.1M
-$6.5M
-$3.3M
-$1.6M
-$818.3K
-$409.2K
-$204.6K
-$102.3K
-$51.1K
-$25.6K
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
-$12.1M
-$5.6M
-$2.6M
-$1.2M
-$556.9K
-$257.8K
-$119.4K
-$55.3K
-$25.6K
-$11.8K
Terminal Value represents 0.0% of Enterprise Value
Negative Owner Earnings
This company generates negative free cash flow. Consider adjusting maintenance CapEx percentage or check the financial data.

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