Kellanova

NYSE:K Stock Report

Market Cap: US$27.8b

Kellanova Valuation

Is K undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of K when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: K ($80.6) is trading below our estimate of fair value ($122.76)

Significantly Below Fair Value: K is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for K?

Key metric: As K is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for K. This is calculated by dividing K's market cap by their current earnings.
What is K's PE Ratio?
PE Ratio26.9x
EarningsUS$1.03b
Market CapUS$27.77b

Price to Earnings Ratio vs Peers

How does K's PE Ratio compare to its peers?

The above table shows the PE ratio for K vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24x
TSN Tyson Foods
28.7x22.5%US$22.9b
GIS General Mills
14.5x3.6%US$35.1b
KHC Kraft Heinz
27.4x28.4%US$37.7b
MKC McCormick
25.3x5.8%US$19.9b
K Kellanova
26.9x9.0%US$27.8b

Price-To-Earnings vs Peers: K is expensive based on its Price-To-Earnings Ratio (26.9x) compared to the peer average (24x).

Price to Earnings Ratio vs Industry

How does K's PE Ratio compare vs other companies in the US Food Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
GCEH Global Clean Energy Holdings
2.1xn/aUS$45.02m
SEED Origin Agritech
1.8xn/aUS$14.54m
FAMI Farmmi
1.8xn/aUS$2.81m
IDBH.F Industrias Bachoco. de
0.0002xn/aUS$59.94k
K 26.9xIndustry Avg. 19.2xNo. of Companies8PE01020304050+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: K is expensive based on its Price-To-Earnings Ratio (26.9x) compared to the US Food industry average (19.2x).

Price to Earnings Ratio vs Fair Ratio

What is K's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

K PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.9x
Fair PE Ratio24.1x

Price-To-Earnings vs Fair Ratio: K is expensive based on its Price-To-Earnings Ratio (26.9x) compared to the estimated Fair Price-To-Earnings Ratio (24.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst K forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$80.60
US$81.02
+0.5%
8.3%US$87.00US$60.00n/a18
Nov ’25US$80.61
US$81.02
+0.5%
8.3%US$87.00US$60.00n/a18
Oct ’25US$80.65
US$80.10
-0.7%
8.7%US$87.00US$60.00n/a18
Sep ’25US$80.61
US$79.02
-2.0%
9.9%US$87.00US$60.00n/a18
Aug ’25US$62.05
US$62.88
+1.3%
5.6%US$75.00US$60.00n/a17
Jul ’25US$56.72
US$63.20
+11.4%
6.4%US$75.00US$59.00n/a19
Jun ’25US$60.34
US$63.05
+4.5%
6.5%US$75.00US$59.00n/a19
May ’25US$56.98
US$60.11
+5.5%
7.1%US$75.00US$55.00n/a19
Apr ’25US$57.06
US$59.58
+4.4%
7.6%US$75.00US$54.00n/a19
Mar ’25US$54.83
US$60.19
+9.8%
8.3%US$75.00US$55.00n/a20
Feb ’25US$55.62
US$59.19
+6.4%
10.0%US$75.00US$53.00n/a20
Jan ’25US$55.91
US$58.78
+5.1%
10.7%US$75.00US$52.00n/a19
Dec ’24US$52.88
US$58.54
+10.7%
11.1%US$75.00US$52.00n/a18
Nov ’24US$50.60
US$61.16
+20.9%
12.5%US$75.00US$53.00US$80.6118
Oct ’24US$59.51
US$69.82
+17.3%
9.8%US$84.00US$57.00US$80.6518
Sep ’24US$59.89
US$72.42
+20.9%
6.8%US$84.00US$64.00US$80.6117
Aug ’24US$66.19
US$73.12
+10.5%
6.4%US$84.00US$64.00US$62.0518
Jul ’24US$67.40
US$72.78
+8.0%
7.0%US$84.00US$62.00US$56.7218
Jun ’24US$66.03
US$72.62
+10.0%
6.4%US$84.00US$62.00US$60.3418
May ’24US$70.79
US$72.89
+3.0%
6.6%US$84.00US$66.00US$56.9819
Apr ’24US$66.96
US$72.74
+8.6%
7.4%US$84.00US$61.00US$57.0619
Mar ’24US$65.26
US$73.16
+12.1%
6.8%US$82.00US$61.00US$54.8319
Feb ’24US$68.26
US$73.42
+7.6%
7.1%US$82.00US$59.00US$55.6219
Jan ’24US$71.24
US$73.45
+3.1%
7.4%US$82.00US$57.00US$55.9120
Dec ’23US$73.20
US$73.35
+0.2%
7.4%US$82.00US$57.00US$52.8820
Nov ’23US$75.99
US$74.05
-2.5%
7.5%US$82.00US$55.00US$50.6019

Analyst Forecast: Target price is less than 20% higher than the current share price.

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