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KGN

Kogan.comASX:KGN Stock Report

Market Cap

AU$1.2b

7D

-0.8%

1Y

-49.5%

Updated

22 Oct, 2021

Data

Company Financials +
KGN fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance1/6
Financial Health4/6
Dividends0/6

KGN Overview

Kogan.com Ltd operates as an online retailer in Australia.

Kogan.com Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Kogan.com
Historical stock prices
Current Share PriceAU$11.11
52 Week HighAU$8.70
52 Week LowAU$23.98
Beta0.63
1 Month Change4.32%
3 Month Change1.00%
1 Year Change-49.45%
3 Year Change139.44%
5 Year Change614.47%
Change since IPO640.67%

Recent News & Updates

Oct 13
Is Kogan.com (ASX:KGN) Using Too Much Debt?

Is Kogan.com (ASX:KGN) Using Too Much Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Sep 23
Kogan.com's (ASX:KGN) Returns On Capital Not Reflecting Well On The Business

Kogan.com's (ASX:KGN) Returns On Capital Not Reflecting Well On The Business

What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a...

Shareholder Returns

KGNAU Online RetailAU Market
7D-0.8%0.5%0.7%
1Y-49.5%-23.3%21.4%

Return vs Industry: KGN underperformed the Australian Online Retail industry which returned -23.3% over the past year.

Return vs Market: KGN underperformed the Australian Market which returned 21.4% over the past year.

Price Volatility

Is KGN's price volatile compared to industry and market?
KGN volatility
KGN Beta0.63
Industry Beta1.05
Market Beta1

Stable Share Price: KGN is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: KGN's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2006n/aRuslan Koganhttps://www.kogancorporate.com

Kogan.com Ltd operates as an online retailer in Australia. The company offers various brands across a range of categories, including consumer electronics, appliances, homewares, hardware, toys, and others; and owns and operates 20 private label brands. It also provides pre-paid mobile phone plans online; and directly sourced holiday packages and travel bookings.

Kogan.com Fundamentals Summary

How do Kogan.com's earnings and revenue compare to its market cap?
KGN fundamental statistics
Market CapAU$1.19b
Earnings (TTM)AU$3.54m
Revenue (TTM)AU$780.74m

335.8x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KGN income statement (TTM)
RevenueAU$780.74m
Cost of RevenueAU$574.84m
Gross ProfitAU$205.91m
ExpensesAU$202.37m
EarningsAU$3.54m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.033
Gross Margin26.37%
Net Profit Margin0.45%
Debt/Equity Ratio43.5%

How did KGN perform over the long term?

See historical performance and comparison

Valuation

Is Kogan.com undervalued compared to its fair value and its price relative to the market?

36.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: KGN (A$11.11) is trading below our estimate of fair value (A$17.35)

Significantly Below Fair Value: KGN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: KGN is poor value based on its PE Ratio (335.8x) compared to the Australian Online Retail industry average (111.6x).

PE vs Market: KGN is poor value based on its PE Ratio (335.8x) compared to the Australian market (19.8x).


Price to Earnings Growth Ratio

PEG Ratio: KGN is poor value based on its PEG Ratio (9.6x)


Price to Book Ratio

PB vs Industry: KGN is good value based on its PB Ratio (6.6x) compared to the AU Online Retail industry average (6.7x).


Future Growth

How is Kogan.com forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

35.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KGN's forecast earnings growth (35% per year) is above the savings rate (1.9%).

Earnings vs Market: KGN's earnings (35% per year) are forecast to grow faster than the Australian market (11.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: KGN's revenue (8.7% per year) is forecast to grow faster than the Australian market (5.3% per year).

High Growth Revenue: KGN's revenue (8.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: KGN's Return on Equity is forecast to be high in 3 years time (24.7%)


Past Performance

How has Kogan.com performed over the past 5 years?

38.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KGN has a high level of non-cash earnings.

Growing Profit Margin: KGN's current net profit margins (0.5%) are lower than last year (5.4%).


Past Earnings Growth Analysis

Earnings Trend: KGN's earnings have grown significantly by 38.2% per year over the past 5 years.

Accelerating Growth: KGN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: KGN had negative earnings growth (-86.8%) over the past year, making it difficult to compare to the Online Retail industry average (54%).


Return on Equity

High ROE: KGN's Return on Equity (2%) is considered low.


Financial Health

How is Kogan.com's financial position?


Financial Position Analysis

Short Term Liabilities: KGN's short term assets (A$329.2M) exceed its short term liabilities (A$163.1M).

Long Term Liabilities: KGN's short term assets (A$329.2M) exceed its long term liabilities (A$98.2M).


Debt to Equity History and Analysis

Debt Level: KGN's debt to equity ratio (43.5%) is considered high.

Reducing Debt: KGN's debt to equity ratio has reduced from 64.9% to 43.5% over the past 5 years.

Debt Coverage: KGN's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: KGN's interest payments on its debt are well covered by EBIT (39.3x coverage).


Balance Sheet


Dividend

What is Kogan.com current dividend yield, its reliability and sustainability?

2.99%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate KGN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate KGN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if KGN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if KGN's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: KGN is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of KGN's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.4yrs

Average board tenure


CEO

Ruslan Kogan

15.75yrs

Tenure

AU$8,992,714

Compensation

Mr. Ruslan Kogan, BBS founded Kogan Com Limited in 2006. Mr. Kogan has been the Chief Executive Officer of KoganCom Limited since 2006 and serves as its Executive Director and Managing Director. Prior to...


CEO Compensation Analysis

Compensation vs Market: Ruslan's total compensation ($USD6.73M) is above average for companies of similar size in the Australian market ($USD973.44K).

Compensation vs Earnings: Ruslan's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Board Members

Experienced Board: KGN's board of directors are considered experienced (5.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: KGN insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Kogan.com Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Kogan.com Ltd
  • Ticker: KGN
  • Exchange: ASX
  • Founded: 2006
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Market Cap: AU$1.188b
  • Shares outstanding: 106.89m
  • Website: https://www.kogancorporate.com

Location

  • Kogan.com Ltd
  • 139 Gladstone Street
  • South Melbourne
  • Victoria
  • 3205
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 15:50
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.