KAKAO PAY CORP. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 35,800 KRW | -0.42% |
|
+1.42% | -27.38% |
| May. 07 | Kakao Pay's Profit Down 29.3% in Q1 | MT |
| May. 07 | Transcript : Kakao Pay Corp., Q1 2024 Earnings Call, May 07, 2024 |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 23,013,597 | 7,208,753 | 6,619,268 | 4,814,027 | - | - |
| Enterprise Value (EV) 2 | 20,963 | 5,218 | 6,619 | 3,210 | 3,027 | 2,882 |
| P/E ratio | - | 136 x | 2,595 x | 138 x | 50.7 x | 83.4 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 50.2 x | 13.8 x | 10.8 x | 6.38 x | 5.58 x | 4.89 x |
| EV / Revenue | 45.7 x | 10 x | 10.8 x | 4.25 x | 3.51 x | 2.93 x |
| EV / EBITDA | - | -210 x | -663 x | 619 x | 45.5 x | 25.6 x |
| EV / FCF | 152 x | -49.3 x | - | 276 x | 72.6 x | - |
| FCF Yield | 0.66% | -2.03% | - | 0.36% | 1.38% | - |
| Price to Book | 13.6 x | 3.99 x | - | 2.46 x | 2.45 x | 2.43 x |
| Nbr of stocks (in thousands) | 131,883 | 133,003 | 134,265 | 134,470 | - | - |
| Reference price 3 | 174,500 | 54,200 | 49,300 | 35,950 | 35,950 | 35,950 |
| 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 | 754.8 | 862.3 | 984.6 |
| EBITDA 1 | - | - | -24.83 | -9.989 | 5.185 | 66.52 | 112.5 |
| EBIT 1 | - | -27.23 | -45.52 | -56.6 | -36.68 | 1.262 | 28.85 |
| Operating Margin | - | -5.94% | -8.73% | -9.2% | -4.86% | 0.15% | 2.93% |
| Earnings before Tax (EBT) 1 | - | -24.5 | -7.665 | -6.742 | 28.02 | 52.27 | 96.03 |
| Net income 1 | -20.56 | -21.36 | 54.67 | 0.622 | 31.57 | 58.04 | 105.2 |
| Net margin | - | -4.66% | 10.48% | 0.1% | 4.18% | 6.73% | 10.69% |
| EPS 2 | -2.016 | - | 399.0 | 19.00 | 261.4 | 708.8 | 431.3 |
| Free Cash Flow 3 | - | 138,308 | -105,810 | - | 11,633 | 41,700 | - |
| FCF margin | - | 30,155.72% | -20,282.86% | - | 1,541.16% | 4,835.89% | - |
| FCF Conversion (EBITDA) | - | - | - | - | 224,355.2% | 62,684.57% | - |
| FCF Conversion (Net income) | - | - | - | - | 36,853.42% | 71,845.26% | - |
| 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 | 176.3 | 181.2 | 193.1 | 201.8 | 211.9 |
| EBITDA | - | - | - | - | - | - | - | - | 2.353 | - | - | 1.2 | 11.8 | 6.065 | 26.93 |
| EBIT 1 | - | -28.83 | -1.079 | -12.5 | -9.69 | -22.25 | -13.01 | -12.58 | -9.526 | -21.48 | -9.704 | -10.17 | -6.825 | -8.3 | 31.33 |
| Operating Margin | - | -22.62% | -0.87% | -9.32% | -6.85% | -18.11% | -9.2% | -8.45% | -6% | -12.93% | -5.5% | -5.62% | -3.53% | -4.11% | 14.78% |
| Earnings before Tax (EBT) 1 | - | - | - | - | -4.661 | - | 0.646 | 0.564 | -4.858 | -3.094 | 3.516 | -2.8 | 4.6 | 8.6 | - |
| Net income | 1.11 | -29.11 | 9.349 | - | 2.509 | 41 | 5.335 | 1.791 | -2.6 | -3.904 | 3.772 | 16.52 | 18.08 | 19.57 | 18.69 |
| Net margin | 0.97% | -22.85% | 7.58% | - | 1.77% | 33.38% | 3.77% | 1.2% | -1.64% | -2.35% | 2.14% | 9.12% | 9.36% | 9.7% | 8.82% |
| EPS 2 | - | - | 69.00 | 13.51 | 19.00 | 298.0 | - | 13.00 | -19.00 | - | 77.10 | 123.4 | 135.0 | 209.5 | 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 | 5/7/24 | - | - | - | - |
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 | - | 1,604 | 1,787 | 1,932 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 2 | - | 138,308 | -105,810 | - | 11,633 | 41,700 | - |
| ROE (net income / shareholders' equity) | - | - | 3.08% | - | 1.34% | 3.02% | 2.86% |
| ROA (Net income/ Total Assets) | - | -0.73% | 1.6% | - | 0.25% | 0.82% | 0.8% |
| Assets 1 | - | 2,926 | 3,427 | - | 12,728 | 7,037 | 13,151 |
| Book Value Per Share 3 | - | 12,839 | 13,583 | - | 14,624 | 14,686 | 14,785 |
| Cash Flow per Share 3 | - | 908.0 | -420.0 | - | 879.0 | 1,050 | 1,415 |
| Capex 1 | - | 18.4 | 30.4 | - | 53.7 | 44.3 | 19 |
| Capex / Sales | - | 4% | 5.83% | - | 7.11% | 5.14% | 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
35,950
KRW
Average target price
44,008
KRW
Spread / Average Target
+22.42%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -27.08% | 3.54B | |
| +0.76% | 177B | |
| +22.64% | 41.58B | |
| +5.09% | 40.52B | |
| +37.64% | 15.69B | |
| -32.50% | 9.69B | |
| +28.59% | 9.52B | |
| -23.76% | 8.9B | |
| +56.49% | 6.67B | |
| -7.68% | 5.24B |
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- Financials Kakao Pay Corp.