What is Kla Corp worth?
With the base-case assumptions below, a discounted cash flow model on Kla Corp's reported free cash flow gives $87.65 per share. The share price was $187.92 on September 25, 2026, 114% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 9.5% | 10.0% | $52.93 | -72% |
| Base | 14.5% | 9.0% | $87.65 | -53% |
| Bull | 19.5% | 8.0% | $156.79 | -17% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $114.50 | $122.85 | $133.06 | $145.82 | $162.24 |
| 8.0% | $94.34 | $99.76 | $106.16 | $113.85 | $123.24 |
| 9.0% | $79.67 | $83.38 | $87.65 | $92.64 | $98.53 |
| 10.0% | $68.55 | $71.18 | $74.16 | $77.58 | $81.51 |
| 11.0% | $59.83 | $61.77 | $63.92 | $66.35 | $69.10 |
Where the presets come from
Base: years 1 to 5 grow at Kla Corp's revenue growth rate over the last 5 fiscal years (14.4% 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