KB Financial Group (KOSE:A105560) - Share price, News & Analysis

A105560 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	1/6
Past Performance	4/6
Financial Health	5/6
Dividends	6/6

A105560 Stock Overview

KB Financial Group Inc. provides a range of banking and related financial services to consumers and corporations in South Korea and internationally.

Rewards

Trading at 63.2% below our estimate of its fair value

Earnings are forecast to grow 4.58% per year

Earnings have grown 8.2% per year over the past 5 years

Pays a high and reliable dividend of 5.07%

Risk Analysis

No risks detected for A105560 from our risk checks.

KB Financial Group Competitors

Shinhan Financial Group

KOSE:A055550

₩21.7t

KakaoBank

KOSE:A323410

₩19.0t

Hana Financial Group

KOSE:A086790

₩13.3t

Woori Financial Group

KOSE:A316140

₩11.4t

Price History & Performance

Summary of all time highs, changes and price drops for KB Financial Group
Historical stock prices
Current Share Price	₩58,000.00
52 Week High	₩66,400.00
52 Week Low	₩50,100.00
Beta	0.67
1 Month Change	-2.69%
3 Month Change	-10.91%
1 Year Change	-1.36%
3 Year Change	25.54%
5 Year Change	9.02%
Change since IPO	34.26%

Shareholder Returns

	A105560	KR Banks	KR Market
7D	1.9%	1.0%	0.006%
1Y	-1.4%	4.1%	-15.8%

Return vs Industry: A105560 underperformed the KR Banks industry which returned 4.1% over the past year.

Return vs Market: A105560 exceeded the KR Market which returned -15.8% over the past year.

Price Volatility

Is A105560's price volatile compared to industry and market?
A105560 volatility
A105560 Average Weekly Movement	4.1%
Banks Industry Average Movement	3.6%
Market Average Movement	5.5%
10% most volatile stocks in KR Market	10.3%
10% least volatile stocks in KR Market	3.2%

Stable Share Price: A105560 is less volatile than 75% of KR stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: A105560's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2008	n/a	Jong-Kyoo Yoon	https://www.kbfg.com

KB Financial Group Inc. provides a range of banking and related financial services to consumers and corporations in South Korea and internationally. The company operates through Corporate Banking, Retail Banking, Other Banking Services, Securities Business, Non-life Insurance Business, Credit Card Business, and Life Insurance Business segments. It offers loans, deposit products, and other related financial products and services to large, small, and medium-sized enterprises, as well as small and home office, and individuals and households; investment banking, and brokerage and supporting services; life insurance products; non-life insurance products; and credit sale, cash service, card loan, and other supporting services.

KB Financial Group Fundamentals Summary

How do KB Financial Group's earnings and revenue compare to its market cap?
A105560 fundamental statistics
Market Cap	₩22.60t
Earnings (TTM)	₩4.61t
Revenue (TTM)	₩13.42t

4.9x

P/E Ratio

0.5x

P/B Ratio

Is A105560 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
A105560 income statement (TTM)
Revenue	₩13.42t
Cost of Revenue	₩0
Gross Profit	₩13.42t
Other Expenses	₩8.82t
Earnings	₩4.61t

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	11.82k
Gross Margin	100.00%
Net Profit Margin	34.32%
Debt/Equity Ratio	279.4%

How did A105560 perform over the long term?

See historical performance and comparison

Dividends

5.1%

Current Dividend Yield

25%

Payout Ratio

Valuation

Is KB Financial Group undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: A105560 (₩58000) is trading below our estimate of fair value (₩157501.64)

Significantly Below Fair Value: A105560 is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: A105560 is poor value based on its PE Ratio (4.9x) compared to the KR Banks industry average (4.4x).

PE vs Market: A105560 is good value based on its PE Ratio (4.9x) compared to the KR market (14.3x).

Price to Earnings Growth Ratio

PEG Ratio: A105560 is poor value based on its PEG Ratio (1.1x)

Price to Book Ratio

PB vs Industry: A105560's PB Ratio (0.5x) is in line with the KR Banks industry average.

Future Growth

How is KB Financial Group forecast to perform in the next 1 to 3 years based on estimates from 23 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

4.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: A105560's forecast earnings growth (4.6% per year) is above the savings rate (3.5%).

Earnings vs Market: A105560's earnings (4.6% per year) are forecast to grow slower than the KR market (15.2% per year).

High Growth Earnings: A105560's earnings are forecast to grow, but not significantly.

Revenue vs Market: A105560's revenue (3.9% per year) is forecast to grow slower than the KR market (9.6% per year).

High Growth Revenue: A105560's revenue (3.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: A105560's Return on Equity is forecast to be low in 3 years time (9.6%).

Past Performance

How has KB Financial Group performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

8.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: A105560 has high quality earnings.

Growing Profit Margin: A105560's current net profit margins (34.3%) are higher than last year (31.6%).

Past Earnings Growth Analysis

Earnings Trend: A105560's earnings have grown by 8.2% per year over the past 5 years.

Accelerating Growth: A105560's earnings growth over the past year (16.2%) exceeds its 5-year average (8.2% per year).

Earnings vs Industry: A105560 earnings growth over the past year (16.2%) underperformed the Banks industry 41.5%.

Return on Equity

High ROE: A105560's Return on Equity (9.5%) is considered low.

Financial Health

How is KB Financial Group's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

5/6

Financial Health Score 5/6

Asset Level
Allowance for Bad Loans
Low Risk Liabilities
Loan Level
Low Risk Deposits
Level of Bad Loans

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: A105560's Assets to Equity ratio (14.1x) is moderate.

Allowance for Bad Loans: A105560 has a low allowance for bad loans (92%).

Low Risk Liabilities: 59% of A105560's liabilities are made up of primarily low risk sources of funding.

Loan Level: A105560 has an appropriate level of Loans to Assets ratio (63%).

Low Risk Deposits: A105560's Loans to Deposits ratio (114%) is appropriate.

Level of Bad Loans: A105560 has an appropriate level of bad loans (0.9%).

Dividend

What is KB Financial Group current dividend yield, its reliability and sustainability?

Dividend Score

6/6

Dividend Score 6/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

5.07%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: A105560's dividend (5.07%) is higher than the bottom 25% of dividend payers in the KR market (0.84%).

High Dividend: A105560's dividend (5.07%) is in the top 25% of dividend payers in the KR market (2.73%)

Stability and Growth of Payments

Stable Dividend: A105560's dividends per share have been stable in the past 10 years.

Growing Dividend: A105560's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (25.4%), A105560's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: A105560's dividends in 3 years are forecast to be well covered by earnings (28.9% payout ratio).

Next Steps

Explore strong dividend paying companies in the Banks industry.

Management

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

1.3yrs

Average management tenure

CEO

Jong-Kyoo Yoon (66 yo)

7.5yrs

Tenure

₩1,726,000,000

Compensation

Dr. Jong-Kyoo Yoon has been CEO of KB Financial Group Inc. since November 21, 2014 and also has been its Co-Chairman since June 7, 2017. Dr. Yoon served as Chairman of KB Financial Group Inc. since Novembe...

CEO Compensation Analysis

Compensation vs Market: Jong-Kyoo's total compensation ($USD1.36M) is about average for companies of similar size in the KR market ($USD1.35M).

Compensation vs Earnings: Jong-Kyoo's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: A105560's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

Experienced Board: A105560's board of directors are considered experienced (3.2 years average tenure).

Ownership

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

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

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

Data	Last Updated (UTC time)
Company Analysis	2022/05/17 00:00
End of Day Share Price	2022/05/17 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31