Kforce Inc. logo KFRC - Kforce Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 4
HOLD 6
SELL 0
STRONG
SELL
0
| PRICE TARGET: $59.00 DETAILS
HIGH: $59.00
LOW: $59.00
MEDIAN: $59.00
CONSENSUS: $59.00
UPSIDE: 15.78%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 65% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Mild
Trading 8.5% above fair value
Current Price $50.96
Bear Case $37.56 26.3% downside ($37.56 - $50.96) / $50.96 = -26.3% $3.13 × 12x P/E
Fair Value $46.95 7.9% downside ($46.95 - $50.96) / $50.96 = -7.9% $3.13 × 15x P/E
Bull Case $56.34 10.6% upside ($56.34 - $50.96) / $50.96 = 10.6% $3.13 × 18x P/E

Adjust Assumptions

15.0x
3.13$

Key Value Driver

Normalized P/E multiple (15x base case)

Implied Market Multiple 16.3x

Plain-Language Summary

Applying a 15x P/E to adjusted EPS of $3.13, the base-case value is $46.95 per share. DDM cross-check: $113.61.

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.

Average Target (10 analysts) $59.00
Analyst Range $59.00 – $59.00
Divergence from AlphaVal 20%

Warnings

The company's reported profits differ from official accounting profits by 60%. Check what costs are being left out of the adjusted number.
The company pays out 81% of its profits as dividends. That leaves little cushion — the dividend could be cut if business slows down.
Dividend-based valuation: $113.61 (above our primary estimate by 142%). Large gaps may signal the dividend doesn't reflect full earning power.

Key Risks

  • Growth DCF inappropriate — terminal value assumptions dominate
  • EV/EBITDA misleading for regulated businesses where capex is mandated
  • Regulatory risk is a fat tail not visible in normal multiples