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DCF valuation

What is Kimball Electronics, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Kimball Electronics, Inc.'s reported free cash flow gives $11.84 per share. The share price was $27.27 on September 25, 2026, 130% above that value.

Inputs from the filings

Free cash flow, fiscal 2026
$20.8M
Average free cash flow, last 5 years
-$12.3M
Cash
$88.9M
balance sheet of June 30, 2026
Debt
$116.2M
balance sheet of June 30, 2026
Diluted shares, fiscal 2026
24,768,000
Revenue growth per year, last 5 years
2.1%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-3.0%-0.5%2.0%10.0%$6.95-75%
Base2.0%2.5%2.5%9.0%$11.84-57%
Bull7.0%5.0%3.0%8.0%$20.99-23%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$15.28$16.32$17.58$19.17$21.20
8.0%$12.73$13.40$14.19$15.15$16.31
9.0%$10.85$11.31$11.84$12.46$13.19
10.0%$9.43$9.75$10.12$10.55$11.03
11.0%$8.30$8.54$8.81$9.11$9.45

Where the presets come from

Base: years 1 to 5 grow at Kimball Electronics, Inc.'s revenue growth rate over the last 5 fiscal years (2.1% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

Kimball Electronics, Inc. company page