KGS
Kodiak Gas Services, Inc.

Energy · Oil & Gas Equipment & Services · valued as of 2026-11-03 · statements 2025-12-31

Average Intrinsic Value

1.23B USD

Market Cap

5.42B USD

Margin of Safety

-339.3%

Intrinsic / Market Ratio

0.23×

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

EPV + Growth

919.58M USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

1.51B USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

1.27B USD

15 years of cash for shareholders and lenders, less what is owed

Intrinsic Value

1.23B USD

the plain average of the three, uncapped, as the screener averages them

Intrinsic Value

1.23B USD

from the sum above

Market Cap

5.42B USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

0.23×

the ratio the screener ranks by; Margin of Safety -339.3% (1 − Market Cap ÷ Intrinsic Value)

Each card below builds one of the three values from the reported years.

Earnings power value plus growth: 919.58M USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).
①EPV (earnings power value)3.14B USD
−②Net Debt Today2.68B USD
+③Growth Value466.76M USD
=Value919.58M USD

EPV of the Operations (NOPAT over WACC)

3.14B USD

Net debt today

-2.68B USD

Growth Value

+466.76M USD

Value

919.58M USD

①EPV (earnings power value)

3.14B USD

②Net Debt Today

2.68B USD

③Growth Value

466.76M USD

Market value

Market Cap5.42B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-489.5%

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 1.51B USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.
①Present Value of the 15 Years of FCFE1.13B USD
+②Equity at Year 15, Today380.18M USD
=Value1.51B USD
FCFE: the net income left for the shareholders once the business keeps what next year's growth needsEquity reinvestment: the part of the year's net income kept in the business to grow the next year; below zero, capital the business releases to the shareholdersPresent value of the FCFEColoured bars show the FCFE, grey bars the equity reinvestment. With a positive equity reinvestment the two stacked are the year's normalized income; with a negative one the grey is below zero, capital the business releases, and the normalized income is the FCFE plus that negative amount. Shaded, years 6 to 10: the growth rising to its long-run rate and the ROE on new investment rising to the cost of equity. Axes linear.

①Present Value of the 15 Years of FCFE

1.13B USD

②Equity at Year 15, Today

380.18M USD

Market value

Market Cap5.42B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-258.1%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 1.27B USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).
①Present Value of the 15 Years of FCFF2.08B USD
+②Invested Capital at Year 15, Today1.87B USD
−③Net Debt Today2.68B USD
=Value1.27B USD
FCFF: the NOPAT left for the shareholders and the lenders once the business reinvests what next year's growth needsReinvestment: the part of the year's NOPAT put back into the business to grow the next year; below zero, capital the business releasesPresent value of the FCFFColoured bars show the FCFF, grey bars the reinvestment. With a positive reinvestment the two stacked are the year's NOPAT; with a negative one the grey is below zero, capital the business releases, and the NOPAT is the FCFF plus that negative amount. Shaded, years 6 to 10: the growth rising to its long-run rate and the ROIC on new investment rising to the WACC. Axes linear.

①Present Value of the 15 Years of FCFF

2.08B USD

②Invested Capital at Year 15, Today

1.87B USD

③Net Debt Today

2.68B USD

Market value

Market Cap5.42B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-327.2%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 8.22%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.89×Market Risk Premium 6.00%= 9.86%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC =Tax Provision 31.92M USDPretax Income 113.59M USD= 28.10%

The tax the interest saves.

Interest Expense =EBIT 312.15M USD−Pretax Income 113.59M USD= 198.57M USD

The interest the company paid: EBIT is the profit before tax plus the interest.

Cost of Debt =Interest Expense 198.57M USDTotal Debt 2.82B USD×(1 − Tax Rate for WACC 28.10%)= 5.06%

What the lenders are paid a year after the tax the interest saves.

Debt Weight =Total Debt 2.82B USDMarket Cap + Total Debt 5.42B USD + 2.82B USD= 34.22%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 65.78%×Cost of Equity 9.86%+Debt Weight 34.22%×Cost of Debt 5.06%= 8.22%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2026-06-30.

Total Assets 5.51B USD − Total Liabilities 3.34B USD = Book Value Today 2.17B USD

Total Debt 2.82B USD − Cash and Short-Term Investments 137.69M USD = Net Debt Today 2.68B USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 130.4%at most 5%does not pass100,900,000 / 77,400,000
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets9.4%at least -10.0%passes(600.34M USD − 80.60M USD) ÷ 5.51B USD
Price to bookMarket Cap ÷ Book Value Today2.50×at most 3×passes5.42B USD ÷ 2.17B USD
Operating marginOperating Income ÷ Revenue31.2%above 10.0%passes408.33M USD ÷ 1.31B USD
Revenue growthRevenue ÷ Revenue a Year Before − 112.8%above 10.0%passes1.31B USD / 1.16B USD
Net cash(Cash − Total Debt) ÷ Market Cap-49.5%above -30%does not pass(137.69M USD − 2.82B USD) ÷ 5.42B USD
Operating efficiencyOperating Income ÷ Gross Profit73.9%above 25.0%passes408.33M USD ÷ 552.54M USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

53.61 USD

Enterprise value

8.11B USD

the provider's own figure

EV / EBITDA

10.81×

Price / book

2.50×

the provider's book

Price / earnings

60.86×

Return on equity

4.6%

the provider's figure, not this page's

Profit margin

5.8%

Revenue growth

21.1%

Analyst target, mean

83.15 USD

Analysts

15

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

USD2022202320242025
Income statement

Revenue

708.62M851.23M1.16B1.31B

Gross profit

266.37M316.96M441.10M552.54M

Operating income

221.44M243.58M289.27M408.33M

EBITDA

operating income before depreciation and amortisation

480.17M440.96M533.86M588.62M

Pretax income

139.50M35.17M75.98M113.59M

Net income

106.37M20.09M49.94M80.60M

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

42.31M8.79M60.24M129.48M

R&D

————
Balance sheet, year end

Total assets

3.21B3.25B4.44B4.32B

Total liabilities

2.98B2.10B3.06B3.11B

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

229.32M1.14B1.36B1.20B

Total debt

2.73B1.83B2.65B2.61B

Cash and equivalents

20.45M5.57M4.75M3.18M

Net PP&E

fixed assets after depreciation

2.50B2.57B3.46B3.43B

Working capital

current assets less current liabilities

15.08M20.35M64.36M-62.87M
Cash flow

Operating cash flow

220.07M266.59M328.31M600.34M

Capital expenditure

paid out, so below zero

-259.61M-220.01M-337.29M-315.79M

Depreciation and amortisation

174.64M183.05M260.53M276.46M

Free cash flow

operating cash flow plus capital expenditure

-39.54M46.58M-8.98M284.55M