Kakao Pay Full Year 2023 Earnings: EPS: ₩19.00 (vs ₩407 in FY 2022)

Kakao Pay (KRX:377300) Full Year 2023 Results

Key Financial Results

• Revenue: ₩615.4b (up 18% from FY 2022).
• Net income: ₩2.52b (down 95% from FY 2022).
• Profit margin: 0.4% (down from 10% in FY 2022).
• EPS: ₩19.00 (down from ₩407 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Kakao Pay Earnings Insights

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 39% decline forecast for the Diversified Financial industry in South Korea.

Performance of the South Korean Diversified Financial industry.

The company's shares are down 6.3% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for Kakao Pay that you need to be mindful of.

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