Kirby Corp (KEX) is slightly overvalued and Matson Inc (MATX) is fairly valued.
Both trade above our estimate of their intrinsic value. MATX is the closer of the two: -3%, against -9% for KEX.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.8% (average of 3 methods) values the shares at $121.66; the price of $132.47 is 9% above that value, and 77% of that value comes from beyond year five.
Leak Score 27/100 on 3 of 12 signals
Discounting its cash flows at 10.8% (average of 3 methods) values the shares at $221.12; the price of $226.78 is 3% above that value, and 70% of that value comes from beyond year five.
Leak Score 59/100 on 3 of 12 signals
| Metric | KEX | MATX |
|---|---|---|
| Verdict | Slightly overvalued | Fairly valued |
| Price | $132.47 | $226.78 |
| Intrinsic value | $121.66 | $221.12 |
| Margin of safety | -9% | -3% |
| Leak Score | 27/100 (3/12) | 59/100 (3/12) |
| Market cap | $7.0B | $6.8B |
| Revenue growth, 5 years | 9.2% | 7.0% |
| Operating margin | 13.9% | 14.4% |
| Net margin | 10.2% | 13.4% |
| Return on equity | 10.4% | 17.2% |
| Debt to equity | 0.36 | 0.12 |
| P/E | 20.4x | 15.2x |
| Forward P/E | 15.9x | 13.5x |
| P/B | 2.0x | 2.5x |
| Dividend yield | — | 0.6% |