KENYAN EQUITIES & COMPANY ANALYSIS / FREE TOOL
Make the value
assumptions visible.
Turn a free-cash-flow starting point, growth path, discount rate, net debt, and share count into an inspectable valuation range.
YOUR WORKED SCENARIO
Illustrative enterprise valueKES 5,914,086,221.25
Illustrative equity valueKES 4,914,086,221.25
Illustrative value per shareKES 4.91
Terminal value share of enterprise value64.85%
Follow the calculation.
| Measure | Calculated result |
|---|---|
| PV of years 1–5 cash flow | KES 2,078,878,605.64 |
| PV of terminal value | KES 3,835,207,615.60 |
| Terminal value before discounting | KES 7,713,972,403.20 |
Formulae used
\[ EV = \sum_{t=1}^{5} \frac{FCF_{t}}{(1+r)^{t}} + \frac{TV_{5}}{(1+r)^{5}} \]
Enterprise value equals discounted forecast cash flows plus discounted terminal value.
\[ \text{Value per share} = \frac{EV - \text{net debt}}{\text{shares outstanding}} \]
Equity value per share equals enterprise value less net debt, divided by shares outstanding.
The model is deliberately compact. The companion workbook develops operating assumptions, reinvestment, financing, scenarios, and sensitivity analysis in greater depth.
Take the research further.
Use the full article and companion resources to put this calculation into its wider business, household, or portfolio context. The workbook keeps the deeper scenario modelling, data record and audit trail.
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