JPMorgan
- WACC
- 9.25% – 10.75%
- Terminal method
- Perpetuity growth
- Terminal assumption
- 1.0% – 2.0%
- Forecast basis
- Kimball Management Projections
- Forecast period
- 31 March 2023 through 30 June 2032
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Fairness Opinion Detail
KBAL FOOpen source
Kimball International, Inc. to HNI Corporation
Deal Information
Target
Kimball International, Inc.
Acquiror
HNI Corporation
Sector
Home & Office Furnishings
Target Type
Public
Acquiror Type
Strategic
Advisors
JPMorgan
Transaction Metrics
Enterprise Value
$500M
EV / LTM Sales
EV / LTM EBITDA
10.1x
EV / Fwd EBITDA
Advisor Transaction Comparables
Comparable transactions cited by the advisor, excluding the subject transaction.
No precedent transactions are exposed for this fairness opinion yet.
DCF Assumptions
Discount rate and terminal value assumptions the advisor selected for its discounted cash flow analysis.
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