Digging into Kellogg company $K Starting to look interesting at a 22Bill market cap with an upcoming split. Snacking co, and North American cereal co. FY 23 guide for 1.3 bill cash flow minus .3 for split charges. Roughly 22 times cash flow for 2 companies. International Segments look good cereal a bit slower growth, Europe cereal 2%, Europe snacks 11% yoy, Latam cereal 6% growth yoy, snacks 22%. AMEA cereal 7%, snacks 26%, noodles and other 30%!! Not sure what the split will look like but say Snack co is 15 bill market cap, At an average of say 20% growth in snack co with a 750 mill cash flow what’s that worth? I’m guessing cereal co is more steady FCF generating so a 5 bill market cap with 500 mill Cash flow. Just wondering if anyone else has looked in to this?