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Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2026-09-09), Kumba Iron Ore's Intrinsic Value: Projected FCF is €44.12. The stock price of Kumba Iron Ore is €13.50. Therefore, Kumba Iron Ore's Price-to-Intrinsic-Value-Projected-FCF of today is 0.3.
The historical rank and industry rank for Kumba Iron Ore's Intrinsic Value: Projected FCF or its related term are showing as below:
FRA:KUI'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.29 Med: 0.51 Max: 0.88
Current: 0.3
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Kumba Iron Ore was 0.88. The lowest was 0.29. And the median was 0.51.
FRA:KUI's Price-to-Projected-FCF is ranked better than 87% of 446
companies
in the Steel industry
Industry Median: 0.74
vs FRA:KUI: 0.30
Kumba Iron Ore (FRA:KUI) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Kumba Iron Ore's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
13.50
/
44.477516766654
=
0.30
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Kumba Iron Ore Intrinsic Value: Projected FCF Related Terms
Kumba Iron Ore Intrinsic Value: Projected FCF Historical Data
* Premium members only.
The historical data trend for Kumba Iron Ore's Intrinsic Value: Projected FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Kumba Iron Ore Intrinsic Value: Projected FCF Chart
FRA:KUI vs NUE, STLD, RS: Intrinsic Value: Projected FCF Comparison
For the Steel subindustry, Kumba Iron Ore's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Kumba Iron Ore Price-to-Projected-FCF vs Steel Industry
For the Steel industry and Basic Materials sector, Kumba Iron Ore's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Kumba Iron Ore's Price-to-Projected-FCF falls into.
Kumba Iron Ore Intrinsic Value: Projected FCF Calculation
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Intrinsic Value: Projected FCF of €44.12 mean?
Kumba Iron Ore (FRA:KUI) has a Intrinsic Value: Projected FCF of €44.12 as of Sep. 09, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Kumba Iron Ore and its competitors. According to the industry distribution chart, Kumba Iron Ore ranks #58 out of 446 companies in the Steel industry, placing it in the top 13%.
Is Kumba Iron Ore's Intrinsic Value: Projected FCF too high?
Kumba Iron Ore's current Intrinsic Value: Projected FCF is €44.12. Based on the distribution chart, Kumba Iron Ore ranks #58 out of 446 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Kumba Iron Ore has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kumba Iron Ore's Intrinsic Value: Projected FCF compare to NUE and STLD?
According to the Steel industry distribution chart, Kumba Iron Ore ranks #58 out of 446 companies for Intrinsic Value: Projected FCF. This places Kumba Iron Ore in the top 13% of its industry — outperforming the majority of peers. The industry median Intrinsic Value: Projected FCF is 0.74. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Steel company?
The median Intrinsic Value: Projected FCF among Steel companies is 0.74, based on 446 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Kumba Iron Ore and its competitors. For the Steel industry, the median Intrinsic Value: Projected FCF is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kumba Iron Ore's current Intrinsic Value: Projected FCF is €44.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kumba Iron Ore stock overvalued right now?
Based on GuruFocus' analysis, Kumba Iron Ore (FRA:KUI) is currently considered Modestly Undervalued. The stock's GF Value™ is €16.53, compared to a current price of €13.50 — trading 18.3% below its estimated fair value. The current Intrinsic Value: Projected FCF is €44.12. Kumba Iron Ore's overall GF Score™ is 76/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Kumba Iron Ore (FRA:KUI), the current Intrinsic Value: Projected FCF is €44.12 as of Sep. 09, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Kumba Iron Ore (FRA:KUI) Overvalued in 2026?
Based on GuruFocus' analysis, Kumba Iron Ore stock appears to be undervalued.
The current stock price of €13.50 is trading 18.3% below its estimated GF Value™ of €16.53.
GuruFocus considers Kumba Iron Ore to be Modestly Undervalued.
Key valuation signals for FRA:KUI:
Intrinsic Value: Projected FCF: €44.12
GF Value™: €16.53 vs. price of €13.50 (18.3% below fair value)
No single metric tells the full story. See the FRA:KUI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kumba Iron Ore Ltd is engaged in the exploration, mining, processing, blending, and sale of iron ore to the steel industry. The company operates in South Africa, with mining operations in the Northern Cape and Limpopo provinces, as well as a head office in Centurion, Gauteng, and a port operation in Saldanha Bay, Western Cape. The company's flagship asset is the Sishen mine, which it holds a majority stake in, located near the town of Kathu in the Northern Cape Province. The Sishen mine is opencast and produces the bulk of the group's iron ore, which is exported. It also holds an interest in the Kolomela mine. The company also generates revenue from Shipping operations. The majority of the company's revenue is generated from its products.
76GF Score
Get the complete analysis for FRA:KUI
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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