Financials KT Corporation Nyse

Equities

KT

US48268K1016

Integrated Telecommunications Services

Market Closed - Nyse Other stock markets 01:30:02 18/05/2024 am IST			5-day change	1st Jan Change
13.74 ^USD	-0.79%		+4.81%	+2.23%

10/05	Transcript : KT Corporation, Q1 2024 Earnings Call, May 10, 2024
09/05	KT Partners with Nokia to Pioneer 6G Research Initiatives	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	66,21,522	58,88,929	71,71,900	86,54,243	85,88,458	91,52,982	-	-
Enterprise Value (EV) ²	10,746	9,368	12,590	16,212	15,927	15,941	15,436	14,220
P/E ratio	10.7 x	8.95 x	5.32 x	6.49 x	8.52 x	7.73 x	6.99 x	6.78 x
Yield	4.07%	5.63%	6.24%	5.8%	5.7%	5.38%	5.57%	5.7%
Capitalization / Revenue	0.27 x	0.25 x	0.29 x	0.34 x	0.33 x	0.34 x	0.33 x	0.32 x
EV / Revenue	0.44 x	0.39 x	0.51 x	0.63 x	0.6 x	0.59 x	0.55 x	0.5 x
EV / EBITDA	2.24 x	1.94 x	2.38 x	3.03 x	2.92 x	2.84 x	2.67 x	2.42 x
EV / FCF	22.3 x	6.11 x	6.09 x	103 x	8.8 x	12.6 x	9.76 x	5.8 x
FCF Yield	4.48%	16.4%	16.4%	0.97%	11.4%	7.95%	10.2%	17.2%
Price to Book	0.48 x	0.42 x	0.48 x	0.52 x	0.53 x	0.54 x	0.51 x	0.49 x
Nbr of stocks (in thousands)	2,45,242	2,45,372	2,34,376	2,56,043	2,49,664	2,45,718	-	-
Reference price ³	27,000	24,000	30,600	33,800	34,400	37,250	37,250	37,250
Announcement Date	06/02/20	09/02/21	09/02/22	09/02/23	07/02/24	-	-	-

¹KRW in Million²KRW in Billions³KRW

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	24,342	23,917	24,898	25,650	26,387	26,997	28,019	28,428
EBITDA ¹	4,790	4,818	5,280	5,346	5,460	5,605	5,790	5,871
EBIT ¹	1,151	1,184	1,672	1,690	1,650	1,762	1,945	1,957
Operating Margin	4.73%	4.95%	6.71%	6.59%	6.25%	6.53%	6.94%	6.89%
Earnings before Tax (EBT) ¹	979.7	975.1	1,978	1,894	1,324	1,720	1,919	1,932
Net income ¹	619.2	658	1,357	1,262	1,010	1,250	1,328	1,348
Net margin	2.54%	2.75%	5.45%	4.92%	3.83%	4.63%	4.74%	4.74%
EPS ²	2,524	2,683	5,747	5,205	4,038	4,818	5,328	5,496
Free Cash Flow ³	4,81,835	15,32,261	20,66,813	1,57,208	18,10,317	12,67,371	15,81,033	24,52,951
FCF margin	1,979.44%	6,406.66%	8,301.12%	612.9%	6,860.64%	4,694.5%	5,642.77%	8,628.62%
FCF Conversion (EBITDA)	10,059.19%	31,800.2%	39,147.89%	2,940.67%	33,156.6%	22,613.11%	27,306.41%	41,782.88%
FCF Conversion (Net income)	77,815.73%	2,32,866.41%	1,52,318.74%	12,452.12%	1,79,257.06%	1,01,427.9%	1,19,053.35%	1,81,915.41%
Dividend per Share ²	1,100	1,350	1,910	1,960	1,960	2,006	2,076	2,124
Announcement Date	06/02/20	09/02/21	09/02/22	09/02/23	07/02/24	-	-	-

¹KRW in Billions²KRW³KRW in Million

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	6,217	6,624	6,278	6,312	6,477	6,583	6,444	6,548	6,697	6,698	6,655	6,653	6,805	6,882	6,704
EBITDA ¹	1,288	1,284	1,518	1,387	1,360	1,081	1,416	1,505	1,260	1,279	1,480	1,460	1,416	1,332	1,480
EBIT ¹	382.4	369.4	626.6	459.2	452.9	151.4	486.1	576.1	321.9	265.6	506.5	533.1	400.1	312.2	517.5
Operating Margin	6.15%	5.58%	9.98%	7.27%	6.99%	2.3%	7.54%	8.8%	4.81%	3.97%	7.61%	8.01%	5.88%	4.54%	7.72%
Earnings before Tax (EBT) ¹	480.3	507.2	642.2	539.7	439	273.2	437.6	548.1	350.3	-12	529	537	423.2	228.8	-
Net income ¹	310.9	404.6	409.8	313.1	297.6	242	296.6	394.5	264.3	54.4	375.5	383.3	266.1	214.6	-
Net margin	5%	6.11%	6.53%	4.96%	4.59%	3.68%	4.6%	6.03%	3.95%	0.81%	5.64%	5.76%	3.91%	3.12%	-
EPS ²	-	1,711	1,736	1,325	1,233	-	-	-	1,062	241.0	1,523	1,444	1,022	914.0	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	09/11/21	09/02/22	12/05/22	10/08/22	08/11/22	09/02/23	11/05/23	07/08/23	07/11/23	07/02/24	09/05/24	-	-	-	-

¹KRW in Billions²KRW

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	4,125	3,479	5,418	7,558	7,339	6,788	6,283	5,067
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	0.8611 x	0.722 x	1.026 x	1.414 x	1.344 x	1.211 x	1.085 x	0.8631 x
Free Cash Flow ²	4,81,835	15,32,261	20,66,813	1,57,208	18,10,317	12,67,371	15,81,033	24,52,951
ROE (net income / shareholders' equity)	4.61%	4.76%	9.09%	7.22%	6.05%	7.09%	7.25%	7.28%
ROA (Net income/ Total Assets)	1.87%	1.93%	4.12%	3.23%	2.41%	3.09%	3.09%	3.16%
Assets ¹	33,126	34,100	32,926	39,070	41,847	40,452	42,954	42,637
Book Value Per Share ³	55,728	57,125	63,675	64,880	64,954	69,524	72,419	75,814
Cash Flow per Share ³	15,271	19,324	23,599	14,049	22,049	22,854	22,557	23,913
Capex ¹	3,263	3,208	2,855	3,502	3,693	3,461	3,391	3,186
Capex / Sales	13.41%	13.41%	11.47%	13.65%	14%	12.82%	12.1%	11.21%
Announcement Date	06/02/20	09/02/21	09/02/22	09/02/23	07/02/24	-	-	-

¹KRW in Billions²KRW in Million³KRW

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for KT Corporation

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

37,250 KRW

Average target price

45,488 KRW

Spread / Average Target

+22.11%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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