Financials KT&G Corporation

Equities

A033780

KR7033780008

Tobacco

End-of-day quote Korea S.E. 23:00:00 20/06/2024 BST 5-day change 1st Jan Change
86,300 KRW -0.46% Intraday chart for KT&G Corporation -0.58% -0.69%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 11,843,669 10,311,042 9,802,314 10,639,613 9,803,182 9,736,025 - -
Enterprise Value (EV) 2 9,482 8,650 9,004 9,411 9,377 7,947 8,010 8,106
P/E ratio 11.4 x 8.92 x 9.99 x 10.8 x 11.1 x 11.1 x 10.3 x 9.42 x
Yield 4.69% 5.4% 6.08% 5.46% 5.98% 6.13% 6.4% 6.6%
Capitalization / Revenue 2.39 x 1.94 x 1.87 x 1.82 x 1.67 x 1.63 x 1.54 x 1.47 x
EV / Revenue 1.91 x 1.63 x 1.72 x 1.61 x 1.6 x 1.33 x 1.27 x 1.22 x
EV / EBITDA 6.06 x 5.13 x 5.79 x 6.3 x 6.66 x 5.84 x 5.19 x 4.96 x
EV / FCF 14.6 x 8.35 x 7.88 x 14.6 x 11.8 x 10.6 x 12.3 x 9.28 x
FCF Yield 6.84% 12% 12.7% 6.87% 8.46% 9.46% 8.11% 10.8%
Price to Book 1.6 x 1.14 x 1.03 x 1.14 x 1.07 x 1.16 x 1.11 x 1.06 x
Nbr of stocks (in thousands) 126,265 124,080 124,080 116,280 112,810 112,816 - -
Reference price 3 93,800 83,100 79,000 91,500 86,900 86,300 86,300 86,300
Announcement Date 13/02/20 03/02/21 10/02/22 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 4,966 5,302 5,228 5,856 5,872 5,960 6,316 6,641
EBITDA 1 1,565 1,686 1,556 1,493 1,408 1,361 1,542 1,635
EBIT 1 1,382 1,482 1,338 1,268 1,168 1,136 1,274 1,356
Operating Margin 27.82% 27.96% 25.6% 21.65% 19.89% 19.06% 20.16% 20.42%
Earnings before Tax (EBT) 1 1,463 1,613 1,440 1,425 1,249 1,292 1,377 1,472
Net income 1 1,035 1,173 978.7 1,005 902.7 951.4 1,010 1,086
Net margin 20.84% 22.13% 18.72% 17.15% 15.37% 15.96% 15.99% 16.35%
EPS 2 8,208 9,320 7,910 8,489 7,843 7,771 8,393 9,160
Free Cash Flow 3 649,000 1,035,800 1,142,002 646,504 792,900 752,000 649,850 873,283
FCF margin 13,069.66% 19,537.43% 21,842.49% 11,039.14% 13,502.25% 12,617.75% 10,289.37% 13,149.3%
FCF Conversion (EBITDA) 41,474.63% 61,446.36% 73,414.99% 43,299.33% 56,297.57% 55,256.93% 42,131.24% 53,404.95%
FCF Conversion (Net income) 62,699.26% 88,289.87% 116,687.44% 64,359.15% 87,840.19% 79,039.36% 64,340.89% 80,408.77%
Dividend per Share 2 4,400 4,489 4,800 5,000 5,200 5,294 5,525 5,700
Announcement Date 13/02/20 03/02/21 10/02/22 09/02/23 07/02/24 - - -
1KRW in Billions2KRW3KRW in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 1,050 1,403 1,417 - 1,625 1,412 1,396 1,336 1,690 1,451 1,292 1,416 1,756 1,558 - -
EBITDA - - - - - - - - - - - - - - - -
EBIT 1 266.7 333 327.6 - 405.6 201.6 316.5 242.9 406.7 198.6 236.6 260.3 396 258.8 - -
Operating Margin 25.41% 23.74% 23.11% - 24.97% 14.28% 22.68% 18.18% 24.07% 13.68% 18.31% 18.38% 22.55% 16.61% - -
Earnings before Tax (EBT) 1 216.2 396.2 476.7 - 648.8 -99.88 392.6 272.4 459.5 121.2 367.6 298.5 391.7 255.3 - -
Net income 1 95.4 264.1 330.8 603.6 464.1 -63.21 270.5 197.9 313.8 93.22 285.2 216.6 298.9 180.1 - -
Net margin 9.09% 18.83% 23.34% - 28.57% -4.48% 19.38% 14.81% 18.58% 6.42% 22.07% 15.29% 17.02% 11.56% - -
EPS 2 792.0 2,201 2,830 5,031 3,868 -410.0 2,326 1,727 2,708 1,067 2,478 1,397 2,106 1,165 - -
Dividend per Share 2 4,800 - - - - 5,000 - - - 5,200 - 1,223 - 4,077 - 1,315
Announcement Date 10/02/22 12/05/22 04/08/22 04/08/22 03/11/22 09/02/23 11/05/23 03/08/23 09/11/23 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 - - - - - - - -
Net Cash position 1 2,362 1,661 799 1,229 427 1,790 1,726 1,630
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 2 649,000 1,035,800 1,142,002 646,504 792,900 752,000 649,850 873,283
ROE (net income / shareholders' equity) 12.4% 13.2% 10.8% 11% 9.76% 10.2% 10.6% 11.2%
ROA (Net income/ Total Assets) 9.93% 10.5% 8.47% 8.49% 7.2% 7.26% 7.52% 7.74%
Assets 1 10,420 11,124 11,553 11,837 12,537 13,103 13,427 14,039
Book Value Per Share 3 58,448 72,831 76,348 80,114 81,326 74,694 78,070 81,643
Cash Flow per Share 3 8,417 10,168 11,044 7,420 10,999 9,981 10,297 10,685
Capex 1 413 220 224 241 472 492 387 514
Capex / Sales 8.31% 4.16% 4.29% 4.12% 8.03% 8.25% 6.13% 7.74%
Announcement Date 13/02/20 03/02/21 10/02/22 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

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
18
Last Close Price
86,300 KRW
Average target price
108,778 KRW
Spread / Average Target
+26.05%
Consensus
  1. Stock Market
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  4. Financials KT&G Corporation