KB FINANCIAL GROUP INC. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 76,000 KRW | +9.67% |
|
+19.31% | +40.48% |
| Apr. 25 | Transcript : KB Financial Group Inc., Q1 2024 Earnings Call, Apr 25, 2024 | |
| Apr. 17 | Morgan Stanley Adjusts KB Financial Group’s Price Target to KRW76,000 to KRW84,000, Keeps at Equalweight | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 18,456,309 | 16,910,130 | 21,429,888 | 18,897,265 | 20,606,600 | 28,778,451 | - | - |
| Enterprise Value (EV) 1 | 18,456,309 | 16,910,130 | 21,429,888 | 18,897,265 | 20,606,600 | 28,778,451 | 28,778,451 | 28,778,451 |
| P/E ratio | 5.68 x | 4.99 x | 5.05 x | 4.53 x | 4.78 x | 5.97 x | 5.3 x | 5.05 x |
| Yield | 4.64% | 4.08% | 5.35% | 6.08% | 5.66% | 4.22% | 4.72% | 5.09% |
| Capitalization / Revenue | 1.61 x | 1.35 x | 1.48 x | 1.26 x | 1.3 x | 1.7 x | 1.69 x | 1.64 x |
| EV / Revenue | 1.61 x | 1.35 x | 1.48 x | 1.26 x | 1.3 x | 1.7 x | 1.69 x | 1.64 x |
| EV / EBITDA | - | - | - | - | - | - | - | - |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | 0.48 x | 0.4 x | 0.45 x | 0.39 x | 0.36 x | 0.51 x | 0.47 x | 0.45 x |
| Nbr of stocks (in thousands) | 387,331 | 389,634 | 389,634 | 389,634 | 380,898 | 378,664 | - | - |
| Reference price 2 | 47,650 | 43,400 | 55,000 | 48,500 | 54,100 | 76,000 | 76,000 | 76,000 |
| Announcement Date | 2/6/20 | 2/4/21 | 2/8/22 | 2/7/23 | 2/7/24 | - | - | - |
1KRW in Million2KRW
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 11,432 | 12,493 | 14,484 | 15,013 | 15,815 | 16,881 | 17,072 | 17,521 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT 1 | 5,161 | 5,659 | 6,098 | 5,639 | 9,582 | 9,826 | 9,863 | 10,181 |
| Operating Margin | 45.14% | 45.3% | 42.1% | 37.56% | 60.59% | 58.21% | 57.77% | 58.11% |
| Earnings before Tax (EBT) 1 | 4,534 | 4,762 | 6,082 | 5,821 | 6,170 | 6,646 | 7,163 | 7,313 |
| Net income 1 | 3,312 | 3,455 | 4,410 | 4,413 | 4,632 | 4,869 | 5,384 | 5,511 |
| Net margin | 28.97% | 27.66% | 30.45% | 29.4% | 29.29% | 28.84% | 31.54% | 31.45% |
| EPS 2 | 8,389 | 8,697 | 10,890 | 10,705 | 11,312 | 12,727 | 14,329 | 15,060 |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 2,210 | 1,770 | 2,940 | 2,950 | 3,060 | 3,207 | 3,588 | 3,870 |
| Announcement Date | 2/6/20 | 2/4/21 | 2/8/22 | 2/7/23 | 2/7/24 | - | - | - |
1KRW in Billions2KRW
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,651 | 3,622 | 3,801 | 3,687 | 4,180 | 3,956 | 4,594 | 4,284 | 3,989 | 4,202 | 3,980 | 4,189 | 4,220 | 3,882 | 4,475 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 1,987 | 889.6 | 2,032 | 2,402 | 1,911 | 537.9 | 2,793 | 2,160 | 1,953 | 1,682 | 2,355 | 2,434 | 2,616 | 1,996 | - |
| Operating Margin | 54.41% | 24.56% | 53.46% | 65.15% | 45.72% | 13.6% | 60.81% | 50.43% | 48.96% | 40.04% | 61.54% | 58.12% | 62% | 51.42% | - |
| Earnings before Tax (EBT) 1 | 1,783 | 845.2 | 1,909 | 1,792 | 1,712 | 407.6 | 2,029 | 1,961 | 1,909 | 271.2 | 1,407 | 1,951 | 2,048 | 1,010 | 2,052 |
| Net income 1 | 1,298 | 637.1 | 1,453 | 1,304 | 1,271 | 385.4 | 1,498 | 1,499 | 1,374 | 261.5 | 1,049 | 1,433 | 1,487 | 811.6 | 1,585 |
| Net margin | 35.54% | 17.59% | 38.23% | 35.35% | 30.42% | 9.74% | 32.6% | 34.99% | 34.44% | 6.22% | 25.45% | 34.22% | 35.24% | 20.91% | 35.41% |
| EPS 2 | 3,205 | 1,544 | 3,591 | 3,198 | 3,097 | 819.0 | 3,669 | 3,691 | 3,380 | 572.0 | 2,422 | 3,677 | 3,917 | 2,226 | 4,206 |
| Dividend per Share 2 | - | 2,940 | 500.0 | 500.0 | 500.0 | 1,450 | - | - | - | 1,530 | 550.0 | 550.0 | 550.0 | 1,600 | 600.0 |
| Announcement Date | 10/21/21 | 2/8/22 | 4/22/22 | 7/21/22 | 10/25/22 | 2/7/23 | 4/26/23 | 7/25/23 | 10/24/23 | 2/7/24 | 4/25/24 | - | - | - | - |
1KRW in Billions2KRW
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 8.93% | 8.79% | 9.8% | 9.17% | 9.18% | 8.74% | 9.15% | 9.07% |
| ROA (Net income/ Total Assets) | 0.66% | 0.61% | 0.69% | 0.64% | 0.65% | 0.66% | 0.71% | 0.71% |
| Assets 1 | 501,792 | 566,426 | 639,067 | 685,406 | 712,605 | 735,659 | 758,733 | 778,196 |
| Book Value Per Share 2 | 98,898 | 109,086 | 121,808 | 124,124 | 148,243 | 149,354 | 161,594 | 169,798 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 2/6/20 | 2/4/21 | 2/8/22 | 2/7/23 | 2/7/24 | - | - | - |
1KRW in Billions2KRW
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
BUY
Number of Analysts
24
Last Close Price
76,000
KRW
Average target price
84,846
KRW
Spread / Average Target
+11.64%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +40.48% | 20.91B | |
| +13.75% | 556B | |
| +12.36% | 298B | |
| +8.64% | 247B | |
| +21.72% | 210B | |
| +16.11% | 170B | |
| +6.88% | 162B | |
| +4.42% | 153B | |
| +0.10% | 139B | |
| -11.67% | 138B |
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- Financials KB Financial Group Inc.
