$11.00
+0.091%Kennedy-Wilson Holdings, Inc., together with its subsidiaries, operates as a real estate investment company. The company owns, operates, and invests in real estate both on its own and through its investment management platform. It focuses on multifamily and office properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan. As of December 31, 2021, the company had ownership interests in 10,460 multifamily units, 4.9 million square feet of office space, 3.4 million square feet of retail and industrial space, and one hotel. It is also involved in the development, redevelopment, and entitlement of real estate properties. The company was founded in 1977 and is headquartered in Beverly Hills, California.
Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation
Base year metrics used for projections
Forecast period and terminal assumptions
Calculation flow from present value to intrinsic value per share
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 | $758.0M | $1.5B | $3.0B | $6.1B | $12.1B | $24.3B | $48.5B | $97.0B | $194.0B | $388.1B |
| Maintenance CapEx | -$26.6M | -$53.3M | -$106.6M | -$213.1M | -$426.2M | -$852.5M | -$1.7B | -$3.4B | -$6.8B | -$13.6B |
| Owner Earnings | $731.4M | $1.5B | $2.9B | $5.9B | $11.7B | $23.4B | $46.8B | $93.6B | $187.2B | $374.5B |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | $677.2M | $1.3B | $2.3B | $4.3B | $8.0B | $14.7B | $27.3B | $50.6B | $93.7B | $173.4B |
Snapshot
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Value Model
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Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
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