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 12,970,989 - -
Change - 20.67% -0.76% 25.51% 17.65% 2.28% - -
Enterprise Value (EV) 1 12,590 16,212 15,927 17,571 19,960 20,368 19,699 19,090
Change - 28.77% -1.76% 10.32% 13.6% 2.05% -3.28% -3.09%
P/E 5.32x 6.49x 8.52x 23x 7.39x 9.05x 8.27x 7.7x
PBR 0.48x 0.52x 0.53x 0.68x 0.72x 0.71x 0.68x 0.64x
PEG - -0.69x -0.4x -0.4x 0x -0.6x 0.88x 1.05x
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 0.7x 0.66x
EV / EBITDA 2.38x 3.03x 2.92x 3.75x 3.14x 3.44x 3.27x 3.11x
EV / EBIT 7.53x 9.59x 9.65x 21.7x 8.08x 9.4x 8.63x 7.86x
EV / FCF 6.09x 103x 8.8x 9.04x 9.97x 8.49x 7.2x 7.37x
FCF Yield 16.4% 0.97% 11.4% 11.1% 10% 11.8% 13.9% 13.6%
Dividend per Share 3 1,910 1,960 1,960 2,000 2,400 2,476 2,610 2,712
Rate of return 6.24% 5.8% 5.7% 4.56% 4.56% 4.6% 4.85% 5.04%
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% 40.1% 38.8%
Net sales 1 24,898 25,650 26,387 26,431 28,244 27,547 28,216 28,827
EBITDA 1 5,280 5,346 5,460 4,687 6,349 5,926 6,032 6,136
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 7,398 6,728 6,119
Reference price 3 30,600.00 33,800.00 34,400.00 43,850.00 52,600.00 53,800.00 53,800.00 53,800.00
Nbr of stocks (in thousands) 234,376 256,043 249,664 245,826 241,095 241,096 - -
Announcement Date 9/2/22 9/2/23 7/2/24 13/2/25 10/2/26 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.07x2.59x6.86x5.61% 209B
13.8x2.18x5.02x3.97% 158B
13.89x1.86x8x3.04% 89.32B
11.63x1.78x4.5x2.81% 69.33B
15.58x2.72x8.51x4.98% 58.97B
24.03x5.42x19.8x4.54% 57.21B
15.66x2.76x6.18x4.43% 50.67B
11.58x1.75x5.3x5.07% 47.79B
23.39x3.2x7.03x4.29% 40.06B
Average 15.63x 2.70x 7.91x 4.31% 86.69B
Weighted average by Cap. 14.25x 2.56x 7.35x 4.43%

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