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Stocks WKC DCF valuation

DCF valuation

What is World Kinect Corp worth?

With the base-case assumptions below, a discounted cash flow model on World Kinect Corp's reported free cash flow gives $106.78 per share. The share price was $35.83 on November 9, 2026, 66% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$227.3M
Average free cash flow, last 5 years
$159.3M
Cash
$217.9M
balance sheet of September 30, 2026
Debt
$693.8M
balance sheet of September 30, 2026
Diluted shares, fiscal 2025
55,900,000
Revenue growth per year, last 5 years
12.6%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear7.5%5.0%2.0%10.0%$62.89+76%
Base12.5%7.5%2.5%9.0%$106.78+198%
Bull17.5%10.5%3.0%8.0%$194.22+442%

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%$140.35$150.76$163.47$179.37$199.80
8.0%$115.18$121.93$129.90$139.47$151.16
9.0%$96.84$101.46$106.78$112.99$120.33
10.0%$82.92$86.20$89.92$94.17$99.07
11.0%$72.01$74.41$77.10$80.13$83.55

Where the presets come from

Base: years 1 to 5 grow at World Kinect Corp's revenue growth rate over the last 5 fiscal years (12.6% 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

World Kinect Corp company page