KVYO KVYO

Name: KVYO Crucible Score
Creator: Kaladin Capital Intelligence

UnknownUnknownN/A📅 Scored March 24, 2026

Price at analysis: $18.13

Crucible Score

57.4

Quality × Value Composite

KQI — Quality

62.9

C+

Fundamental Quality Index

KVI — Value

50.8

C-

Valuation Attractiveness Index

Crucible Verdict — KVYO

KVYO trades at a significant 40% discount to fair value despite an impressive 93% earnings beat rate and strong growth fundamentals scoring 84. The company's weak financial quality (41) and poor diversification (36) create concerning vulnerabilities that explain the market's skepticism. Insider buying signals confidence, but KVYO must strengthen its balance sheet to unlock the valuation gap.

— Kal, Kaladin Capital Intelligence

◆ KQI Quality Dimensions

Financial Quality⚠

41.4

Growth Profile⚠

83.7

Moat Durability

82.0

Management Effectiveness⚠

55.9

Diversification & Resilience

36.0

Market Position

58.0

Weakest dimension: Diversification & Resilience (36.0)

◆ KVI Value Dimensions

DCF Margin of Safety

74.1

FCF Yield & Cash Returns

31.1

Relative Valuation

55.1

Growth-Adjusted Value

35.0

Historical Valuation

50.0

Macro Context

14.3

◆ DCF Valuation Scenarios

Bear Case

$14.52

Base Case

$25.38

Bull Case

$42.67

Price at Analysis

$18.13

Scenario	Fair Value	Rev CAGR (5yr)	Terminal Margin	WACC
🔴 Bear	$14.52	15.0%	12.0%	11.2%
🟢 Base	$25.38	20.0%	17.0%	10.5%
🟢 Bull	$42.67	25.0%	22.0%	9.8%

Key Assumptions: KVYO has demonstrated strong revenue growth (~32% CAGR over 5 years from $291M to $1234M) with improving FCF margins despite negative EBITDA, driven by high gross margins and low capex intensity typical of SaaS. Operating margins are assumed to turn meaningfully positive as the company scales, with bear case reflecting slower path to profitability (12% terminal op margin), base case at 17%, and bull case at 22%. WACC is anchored at CAPM-derived ~11% (4.39% + 1.28 × 5.25%) with scenario adjustments reflecting execution risk in a high-growth software name still transitioning to profitability.

◆ Financial Snapshot

Profitability

Gross Margin74.7%

Operating Margin-5.5%

Net Margin-2.6%

ROIC-5.6%

ROE-6.5%

Balance Sheet

Balance SheetCR: 4.27

Cash Conversion

Capital IntensityCapex/Rev: 2.3%

Altman Z-Score9.41 (Safe)

Piotroski F-Score3/9 (Weak)

Growth

Revenue CAGR43.5% CAGR

Earnings CAGRInsufficient data

Growth ConsistencyCV: 0.28

Segment BreadthInsufficient segments

Quarterly TrendMargin↑, Exp↓

Earnings CredibilityConsistent Beater

◆ Analyst Consensus & Leadership

Leadership & Governance

CEO Ownership7.5%

Compensation4% performance-based

Insider ActivityBuying

Earnings Beat Rate93% (19/20)

◆ Related Companies in Our Universe

Other Unknown companies scored by the Crucible:

ADBE81.8A-NICE80.7A-DECK79.9A-INTU79.9A-EXEL78.3A-MTCH78.2A-TTD78.0B+

Methodology All Scores Crucible Briefs Performance @KaladinCI

Analysis conducted March 24, 2026 based on most recent SEC filings. Updated quarterly, after new SEC filings.

Point-in-time fundamental analysis. Not investment advice. Scores reflect company quality and valuation at time of analysis and may not reflect current market conditions.