DCF Studio

    KKR · NYQ · Financial Services

    KKR & Co. Inc.

    Also onShortfallConsensus DriftCrosscheck

    Implied value per share

    USD 40.08

    Market price

    USD 98.01

    Implied upside

    -59.1%

    10-year forecast · Excess returns over book equity · Base case · Price 2026-11-02 · Accounts to 2025-12-31

    NoteA financial, valued on excess returns over book equity.

    Excess Returns

    Return on equity
    13.5%
    Payout
    20%
    Cost of equity
    11.15%
    LineFY26FY27FY28FY29FY30FY31FY32FY33FY34FY35
    Opening book equityUSD 28.4bnUSD 31.2bnUSD 34.0bnUSD 36.8bnUSD 39.6bnUSD 42.2bnUSD 44.7bnUSD 46.9bnUSD 48.9bnUSD 50.5bn
    Return on equity13.5%13.5%13.5%13.5%13.5%13.5%13.5%13.5%13.5%13.5%
    Excess returnUSD 654.3mUSD 719.4mUSD 785.1mUSD 850.2mUSD 913.7mUSD 974.4mUSD 1.0bnUSD 1.1bnUSD 1.1bnUSD 1.2bn
    Present valueUSD 588.7mUSD 582.3mUSD 571.7mUSD 557.0mUSD 538.6mUSD 516.7mUSD 491.9mUSD 464.6mUSD 435.4mUSD 404.7m
    Book equityUSD 28.4bn
    Present value of excess returnsUSD 5.2bn
    Terminal, growing at 2.50%USD 4.8bn
    Equity valueUSD 38.3bn
    Per shareUSD 40.08

    Discount Rate

    Risk-free rate4.89%US 10-year Treasury (^TNX), 2026-11-02
    Equity risk premium4.23%Damodaran, January 2026
    Beta1.479Reported 1.715, pulled toward 1.0 (Blume)
    Cost of equity11.15%Risk-free + beta x equity risk premium
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    Yahoo Finance and RBA data. General information, not advice. Methodology.