Company Valuation: KT Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,171,900 8,654,243 8,588,458 10,779,460 12,681,600 12,874,550 - -
Change - 20.67% -0.76% 25.51% 17.65% 1.52% - -
Enterprise Value (EV) 1 12,590 16,212 15,927 17,571 19,960 20,275 19,592 18,977
Change - 28.77% -1.76% 10.32% 13.6% 1.58% -3.37% -3.14%
P/E 5.32x 6.49x 8.52x 23x 7.39x 8.98x 8.2x 7.64x
PBR 0.48x 0.52x 0.53x 0.68x 0.72x 0.71x 0.67x 0.64x
PEG - -0.69x -0.4x -0.4x 0x -0.5x 0.87x 1.04x
Capitalization / Revenue 0.29x 0.34x 0.33x 0.41x 0.45x 0.47x 0.46x 0.45x
EV / Revenue 0.51x 0.63x 0.6x 0.66x 0.71x 0.74x 0.69x 0.66x
EV / EBITDA 2.38x 3.03x 2.92x 3.75x 3.14x 3.42x 3.25x 3.09x
EV / EBIT 7.53x 9.59x 9.65x 21.7x 8.08x 9.35x 8.58x 7.82x
EV / FCF 6.09x 103x 8.8x 9.04x 9.97x 8.37x 7.07x 7.32x
FCF Yield 16.4% 0.97% 11.4% 11.1% 10% 11.9% 14.2% 13.7%
Dividend per Share 3 1,910 1,960 1,960 2,000 2,400 2,474 2,587 2,706
Rate of return 6.24% 5.8% 5.7% 4.56% 4.56% 4.63% 4.84% 5.07%
EPS 3 5,747 5,205 4,038 1,906 7,114 5,947 6,508 6,988
Distribution rate 33.2% 37.7% 48.5% 105% 33.7% 41.6% 39.8% 38.7%
Net sales 1 24,898 25,650 26,387 26,431 28,244 27,526 28,213 28,824
EBITDA 1 5,280 5,346 5,460 4,687 6,349 5,936 6,030 6,133
EBIT 1 1,672 1,690 1,650 809.5 2,469 2,168 2,283 2,427
Net income 1 1,357 1,262 1,010 470.3 1,731 1,478 1,577 1,691
Net Debt 1 5,418 7,558 7,339 6,791 7,279 7,401 6,718 6,103
Reference price 3 30,600.00 33,800.00 34,400.00 43,850.00 52,600.00 53,400.00 53,400.00 53,400.00
Nbr of stocks (in thousands) 234,376 256,043 249,664 245,826 241,095 241,096 - -
Announcement Date 09/02/22 09/02/23 07/02/24 13/02/25 10/02/26 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.3x1.32x4.18x6.99% 224B
11.03x2.59x6.85x5.64% 208B
13.87x2.22x5.7x3.95% 159B
13.33x1.82x7.83x3.17% 85.82B
12.76x0.91x3.43x6.06% 81.31B
11.76x1.79x4.54x2.78% 69.77B
15.61x2.73x8.52x4.97% 59.05B
24.35x5.48x20.04x4.42% 57.92B
15.76x2.78x6.22x4.4% 51B
Average 14.42x 2.41x 7.48x 4.71% 110.6B
Weighted average by Cap. 13.22x 2.17x 6.54x 5.12%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield