KAKAO PAY CORP. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 33,750 KRW | +0.90% |
|
+1.66% | -31.54% |
| Mar. 06 | South Korean shares extend losses as heavyweight chipmakers drop | RE |
| Feb. 07 | Kakao Pay Swings to Loss in Q4 | MT |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 23,013,597 | 7,208,753 | 6,619,268 | 4,538,363 | - | - |
| Enterprise Value (EV) 2 | 20,963 | 5,218 | 6,619 | 2,823 | 2,797 | 2,481 |
| P/E ratio | - | 136 x | 2,595 x | 114 x | 48 x | 67.3 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 50.2 x | 13.8 x | 10.8 x | 6.22 x | 5.3 x | 4.61 x |
| EV / Revenue | 45.7 x | 10 x | 10.8 x | 3.87 x | 3.27 x | 2.52 x |
| EV / EBITDA | - | -210 x | -663 x | 290 x | 42.5 x | 21.1 x |
| EV / FCF | 152 x | -49.3 x | - | -2,754 x | 94 x | - |
| FCF Yield | 0.66% | -2.03% | - | -0.04% | 1.06% | - |
| Price to Book | 13.6 x | 3.99 x | - | 2.33 x | 2.28 x | 2.25 x |
| Nbr of stocks (in thousands) | 131,883 | 133,003 | 134,265 | 134,470 | - | - |
| Reference price 3 | 174,500 | 54,200 | 49,300 | 33,750 | 33,750 | 33,750 |
| Announcement Date | 2/8/22 | 2/7/23 | 2/6/24 | - | - | - |
1KRW in Million2KRW in Billions3KRW
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 458.6 | 521.7 | 615.4 | 730 | 856.3 | 985 |
| EBITDA 1 | - | - | -24.83 | -9.989 | 9.736 | 65.89 | 117.4 |
| EBIT 1 | - | -27.23 | -45.52 | -56.6 | -32.06 | 14 | 28.12 |
| Operating Margin | - | -5.94% | -8.73% | -9.2% | -4.39% | 1.63% | 2.86% |
| Earnings before Tax (EBT) 1 | - | -24.5 | -7.665 | -6.742 | 30.61 | 56.98 | 136.3 |
| Net income 1 | -20.56 | -21.36 | 54.67 | 0.622 | 36.39 | 64.84 | 117.3 |
| Net margin | - | -4.66% | 10.48% | 0.1% | 4.98% | 7.57% | 11.91% |
| EPS 2 | -2.016 | - | 399.0 | 19.00 | 295.9 | 703.0 | 501.7 |
| Free Cash Flow 3 | - | 138,308 | -105,810 | - | -1,025 | 29,775 | - |
| FCF margin | - | 30,155.72% | -20,282.86% | - | -140.41% | 3,477.2% | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | 45,192.32% | - |
| FCF Conversion (Net income) | - | - | - | - | - | 45,917.94% | - |
| Dividend per Share 2 | - | - | - | - | - | - | - |
| Announcement Date | 3/19/21 | 2/8/22 | 2/7/23 | 2/6/24 | - | - | - |
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 | 114.9 | 127.4 | 123.3 | 134.1 | 141.4 | 122.9 | 141.5 | 148.9 | 158.9 | 166.1 | 168.5 | 175.9 | 187.2 | 196.2 | 221.7 |
| EBITDA 1 | - | - | - | - | - | - | - | - | 2.353 | - | 2.489 | 1.2 | 9.107 | 6.065 | 39.39 |
| EBIT 1 | - | -28.83 | -1.079 | -12.5 | -9.69 | -22.25 | -13.01 | -12.58 | -9.526 | -21.48 | -9.003 | -9.125 | -4.789 | -9.16 | 31.33 |
| Operating Margin | - | -22.62% | -0.87% | -9.32% | -6.85% | -18.11% | -9.2% | -8.45% | -6% | -12.93% | -5.34% | -5.19% | -2.56% | -4.67% | 14.13% |
| Earnings before Tax (EBT) 1 | - | - | - | - | -4.661 | - | 0.646 | 0.564 | -4.858 | -3.094 | 2 | -2.8 | 4.6 | 8.6 | - |
| Net income 1 | 1.11 | -29.11 | 9.349 | - | 2.509 | 41 | 5.335 | 1.791 | -2.6 | -3.904 | 12.93 | 13.92 | 22.87 | 19.78 | - |
| Net margin | 0.97% | -22.85% | 7.58% | - | 1.77% | 33.38% | 3.77% | 1.2% | -1.64% | -2.35% | 7.67% | 7.91% | 12.22% | 10.08% | - |
| EPS 2 | - | - | 69.00 | 13.51 | 19.00 | 298.0 | - | 13.00 | -19.00 | - | 70.95 | 139.2 | 153.9 | 156.5 | 354.9 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/10/21 | 2/8/22 | 5/2/22 | 8/2/22 | 11/1/22 | 2/7/23 | 5/2/23 | 8/1/23 | 11/6/23 | 2/6/24 | - | - | - | - | - |
1KRW in Billions2KRW
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 2,051 | 1,991 | - | 1,716 | 1,741 | 2,057 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 2 | - | 138,308 | -105,810 | - | -1,025 | 29,775 | - |
| ROE (net income / shareholders' equity) | - | - | 3.08% | - | 1.68% | 3.29% | 3.23% |
| ROA (Net income/ Total Assets) | - | -0.73% | 1.6% | - | 0.54% | 0.9% | - |
| Assets 1 | - | 2,926 | 3,427 | - | 6,688 | 7,189 | - |
| Book Value Per Share 3 | - | 12,839 | 13,583 | - | 14,464 | 14,805 | 14,990 |
| Cash Flow per Share 3 | - | 908.0 | -420.0 | - | 922.0 | 1,092 | 1,443 |
| Capex 1 | - | 18.4 | 30.4 | - | 44.6 | 52.8 | 19 |
| Capex / Sales | - | 4% | 5.83% | - | 6.11% | 6.17% | 1.93% |
| Announcement Date | 3/19/21 | 2/8/22 | 2/7/23 | 2/6/24 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
HOLD
Number of Analysts
13
Last Close Price
33,750
KRW
Average target price
45,925
KRW
Spread / Average Target
+36.07%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -31.54% | 3.3B | |
| +1.84% | 178B | |
| +15.86% | 40.12B | |
| +1.11% | 39.08B | |
| +40.35% | 15.64B | |
| -32.17% | 10.23B | |
| +21.51% | 9.16B | |
| -22.87% | 8.98B | |
| +58.27% | 6.75B | |
| -9.32% | 5.05B |
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- Financials Kakao Pay Corp.
