Company Valuation: KT&G Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 9,802,314 10,639,613 9,803,182 11,551,382 14,748,224 18,291,402 - -
Change - 8.54% -7.86% 17.83% 27.67% 24.02% - -
Enterprise Value (EV) 1 9,004 9,411 9,377 10,788 15,648 18,720 18,355 17,930
Change - 4.52% -0.36% 15.06% 45.05% 19.63% -1.95% -2.32%
P/E 9.99x 10.8x 11.1x 9.47x 13.9x 13.6x 12.6x 11.9x
PBR 1.03x 1.14x 1.07x 1.25x 1.59x 1.86x 1.74x 1.64x
PEG - 1.48x -1.46x 0.2x -1.44x 0.5x 1.53x 1.95x
Capitalization / Revenue 1.87x 1.82x 1.67x 1.95x 2.24x 2.59x 2.45x 2.35x
EV / Revenue 1.72x 1.61x 1.6x 1.83x 2.38x 2.65x 2.46x 2.3x
EV / EBITDA 5.79x 6.3x 6.66x 7.5x 9.56x 10x 9.23x 8.63x
EV / EBIT 6.73x 7.42x 8.03x 9.11x 11.6x 12x 10.9x 10.1x
EV / FCF 7.88x 14.6x 11.8x 197x -276x 15.6x 15.3x 14.4x
FCF Yield 12.7% 6.87% 8.46% 0.51% -0.36% 6.39% 6.55% 6.96%
Dividend per Share 3 4,800 5,000 5,200 5,400 6,000 7,203 7,992 8,396
Rate of return 6.08% 5.46% 5.98% 5.04% 4.22% 4.09% 4.54% 4.77%
EPS 3 7,910 8,489 7,843 11,314 10,220 12,919 13,983 14,836
Distribution rate 60.7% 58.9% 66.3% 47.7% 58.7% 55.8% 57.2% 56.6%
Net sales 1 5,228 5,856 5,872 5,910 6,580 7,068 7,456 7,793
EBITDA 1 1,556 1,493 1,408 1,439 1,636 1,866 1,988 2,077
EBIT 1 1,338 1,268 1,168 1,185 1,350 1,557 1,688 1,770
Net income 1 978.7 1,005 902.7 1,144 1,082 1,346 1,416 1,498
Net Debt 1 -798.6 -1,229 -426.6 -763.1 899.8 428.3 63.48 -361.9
Reference price 3 79,000.00 91,500.00 86,900.00 107,100.00 142,100.00 176,200.00 176,200.00 176,200.00
Nbr of stocks (in thousands) 124,080 116,280 112,810 107,856 103,788 103,810 - -
Announcement Date 2/10/22 2/9/23 2/7/24 2/6/25 2/5/26 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.98x7.89x17.58x3.13% 302B
12.44x4.56x9.82x6.06% 118B
12.39x6.59x10.35x6.29% 115B
18.68x3.34x10.62x3.97% 77.52B
18.51x4.17x13.73x4.83% 34.62B
9.2x2.73x6.28x6.83% 24.54B
13.72x2.66x10.09x4.06% 13.56B
35.03x2.6x22.12x1.86% 7.47B
9.05x0.57x5.67x10.35% 4.08B
Average 17.22x 3.90x 11.81x 5.26% 77.42B
Weighted average by Cap. 19.43x 6.04x 13.54x 4.5%

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

  1. Stock Market
  2. Stocks
  3. A033780 Stock
  4. KTCIF Stock
  5. Valuation KT&G Corporation