Kri-Kri Milk Industry stock: fair value
KRI.ATThe fair value of Kri-Kri Milk Industry under our model is $21.14, the price is 99% above.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Significantly overvaluedIn our model the price counts as cheap below $15.10 and expensive above $35.24 (uncertainty high, one part of the fair value is more than twice the other).
The two parts of the fair value come to $10.53 (cash-flow model) and $31.76 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is above both.
Calculated with a cost of equity of 9.1%. At 10.1% the fair value would be $20.34, at 8.1% it would be $22.30.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (18.5).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 3.5%. Discounted at 9.1% (government bond yield 3.5% plus beta 0.8 times a risk premium of 7.1%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $10.53 per share: free cash flow for the next ten years, each year discounted to today at 9.1%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 9.1%) |
|---|---|---|---|---|
| 2026 | $16.93M | extrapolated at 11.6% | 0.9164 | $15.51M |
| 2027 | $18.48M | extrapolated at 9.2% | 0.8398 | $15.52M |
| 2028 | $19.86M | extrapolated at 7.5% | 0.7696 | $15.28M |
| 2029 | $21.1M | extrapolated at 6.3% | 0.7052 | $14.88M |
| 2030 | $22.24M | extrapolated at 5.4% | 0.6462 | $14.37M |
| 2031 | $23.32M | extrapolated at 4.8% | 0.5922 | $13.81M |
| 2032 | $24.35M | extrapolated at 4.4% | 0.5427 | $13.21M |
| 2033 | $25.35M | extrapolated at 4.1% | 0.4973 | $12.61M |
| 2034 | $26.35M | extrapolated at 3.9% | 0.4557 | $12.01M |
| 2035 | $27.35M | extrapolated at 3.8% | 0.4176 | $11.42M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $138.62M |
| Terminal value: cash flow 2035 × (1 + 3.5%) / (9.1% − 3.5%) | $499.57M |
| Present value of terminal value (× 0.4176) | $208.64M |
| Equity value (sum plus present value of terminal value) | $347.26M |
| Shares (diluted) | 32.97M |
| Value per share (equity value divided by shares) | $10.53 |
| Earnings per share, last twelve months | $1.72 |
| × 18.5 (industry P/E) | $31.76 |
| Fair value (average of both parts) | $21.14 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = €0.9024)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 30 Sep 2023)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.