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KKR

NYSE:KKR.PRA
Snowflake Description

Fair value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KKR.PRA
NYSE
$19B
Imp Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

KKR & Co. L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. The last earnings update was 83 days ago. More info.


Add to Portfolio Compare Print
  • KKR is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
KKR.PRA Share Price and Events
7 Day Returns
1%
NYSE:KKR.PRA
3.4%
US Capital Markets
0.7%
US Market
1 Year Returns
-2.4%
NYSE:KKR.PRA
-12.2%
US Capital Markets
-8.1%
US Market
KKR.PRA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
KKR (KKR.PRA) 1% 5.4% -0.1% -2.4% - -
US Capital Markets 3.4% 14.7% 3.1% -12.2% 63.7% 64.7%
US Market 0.7% 10.2% -1% -8.1% 38.8% 38.9%
1 Year Return vs Industry and Market
  • KKR.PRA outperformed the Capital Markets industry which returned -12.2% over the past year.
  • KKR.PRA outperformed the Market in United States of America which returned -8.1% over the past year.
Price Volatility
KKR.PRA
Industry
5yr Volatility vs Market

KKR.PRA Value

 Is KKR undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of KKR to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for KKR.

NYSE:KKR.PRA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $17.44 * 12.9%
$2.25
Book Value of Equity per Share Weighted future Book Value estimates from 3 analysts. $17.44
Discount Rate (Cost of Equity) See below 12.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:KKR.PRA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 7.3%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.734 (1 + (1- 21%) (110.24%))
1.373
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.37
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.373 * 7.27%)
12.71%

Discounted Cash Flow Calculation for NYSE:KKR.PRA using Excess Returns Model Model

The calculations below outline how an intrinsic value for KKR is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NYSE:KKR.PRA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12.9% – 12.71%) * $17.44)
$0.03
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.03 / (12.71% - 2.73%)
$0.31
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $17.44 + $0.31
$17.74
NYSE:KKR.PRA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NYSE:KKR.PRA represents 1.17766x of NYSE:KKR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.17766x
Value per Share
(Listing Adjusted, USD)
= Value per Share (USD) x Listing Adjustment Factor
= $ 17.74 x 1.17766
$20.90
Value per share (USD) From above. $20.90
Current discount Discount to share price of $26.25
= -1 x ($26.25 - $20.90) / $20.90
-25.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of KKR is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for KKR's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are KKR's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:KKR.PRA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $3.31
NYSE:KKR Share Price ** NYSE (2019-01-23) in USD $22.29
United States of America Capital Markets Industry PE Ratio Median Figure of 68 Publicly-Listed Capital Markets Companies 19.71x
United States of America Market PE Ratio Median Figure of 3,026 Publicly-Listed Companies 16.96x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of KKR.

NYSE:KKR.PRA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:KKR Share Price ÷ EPS (both in USD)

= 22.29 ÷ 3.31

6.73x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • KKR is good value based on earnings compared to the US Capital Markets industry average.
  • KKR is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does KKR's expected growth come at a high price?
Raw Data
NYSE:KKR.PRA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.73x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 34 Publicly-Listed Capital Markets Companies 2.2x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.26x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for KKR, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on KKR's assets?
Raw Data
NYSE:KKR.PRA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $16.22
NYSE:KKR Share Price * NYSE (2019-01-23) in USD $22.29
United States of America Capital Markets Industry PB Ratio Median Figure of 132 Publicly-Listed Capital Markets Companies 4.96x
United States of America Market PB Ratio Median Figure of 5,102 Publicly-Listed Companies 1.75x
NYSE:KKR.PRA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:KKR Share Price ÷ Book Value per Share (both in USD)

= 22.29 ÷ 16.22

1.37x

* Primary Listing of KKR.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • KKR is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess KKR's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. KKR has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

KKR.PRA Future Performance

 How is KKR expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-22.1%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is KKR expected to grow at an attractive rate?
  • Unable to compare KKR's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare KKR's earnings growth to the United States of America market average as no estimate data is available.
  • KKR's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:KKR.PRA Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:KKR.PRA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts -22.1%
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.9%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.6%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:KKR.PRA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:KKR.PRA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 1,765 3
2019-12-31 1,658 4
2018-12-31 1,794 4
NYSE:KKR.PRA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 6,598 -6,286 1,660
2018-06-30 5,573 -6,106 1,174
2018-03-31 4,803 -4,637 899
2017-12-31 5,121 -3,630 985
2017-09-30 4,658 -3,591 990
2017-06-30 5,255 -2,433 1,188
2017-03-31 4,476 -1,974 876
2016-12-31 2,671 -1,562 287
2016-09-30 3,546 -1,903 148
2016-06-30 1,100 -1,805 -394
2016-03-31 4,289 -1,297 -112
2015-12-31 7,213 385 488

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if KKR is high growth as no earnings estimate data is available.
  • KKR's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:KKR.PRA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from KKR Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:KKR.PRA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31
2018-12-31
NYSE:KKR.PRA Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 3.31
2018-06-30 2.41
2018-03-31 1.89
2017-12-31 2.10
2017-09-30 2.15
2017-06-30 2.62
2017-03-31 1.95
2016-12-31 0.64
2016-09-30 0.33
2016-06-30 -0.87
2016-03-31 -0.25
2015-12-31 1.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • KKR is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess KKR's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
KKR has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

KKR.PRA Past Performance

  How has KKR performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare KKR's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • KKR's year on year earnings growth rate has been positive over the past 5 years.
  • KKR's 1-year earnings growth exceeds its 5-year average (67.8% vs 15.8%)
  • KKR's earnings growth has exceeded the US Capital Markets industry average in the past year (67.8% vs 36.6%).
Earnings and Revenue History
KKR's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from KKR Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:KKR.PRA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 6,597.94 1,660.17 2,488.44
2018-06-30 5,573.43 1,173.54 2,278.60
2018-03-31 4,802.80 898.80 2,233.28
2017-12-31 5,121.06 984.94 2,336.69
2017-09-30 4,658.24 989.52 2,193.21
2017-06-30 5,254.71 1,188.11 2,174.08
2017-03-31 4,476.01 876.35 1,967.57
2016-12-31 2,670.70 287.07 1,735.88
2016-09-30 3,545.56 148.36 1,744.09
2016-06-30 1,100.49 -394.38 1,479.63
2016-03-31 4,288.59 -111.96 1,610.59
2015-12-31 7,212.89 488.48 1,817.30
2015-09-30 6,522.41 455.64 1,728.96
2015-06-30 8,876.49 736.17 1,986.72
2015-03-31 7,629.90 538.08 2,009.57
2014-12-31 7,654.76 477.61 1,963.30
2014-09-30 10,422.08 756.11 2,120.80
2014-06-30 11,677.65 870.91 2,071.88
2014-03-31 9,611.46 707.83 1,786.88
2013-12-31 9,659.29 691.23 1,767.14
2013-09-30 7,598.21 510.04 1,541.42
2013-06-30 7,495.83 432.71 1,532.44
2013-03-31 8,783.00 563.84 1,589.16
2012-12-31 9,670.44 560.84 1,595.09
2012-09-30 8,782.65 510.25 1,570.65
2012-06-30 3,167.75 139.43 1,252.96
2012-03-31 2,842.07 32.79 1,235.51

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • KKR has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • KKR used its assets less efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if KKR improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess KKR's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
KKR has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

KKR.PRA Health

 How is KKR's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up KKR's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • KKR is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • KKR's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of KKR's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from KKR Company Filings, last reported 3 months ago.

NYSE:KKR.PRA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 26,139.91 20,408.93 2,408.93
2018-06-30 24,287.19 20,161.72 2,233.34
2018-03-31 21,768.94 22,408.79 2,026.42
2017-12-31 20,662.80 21,524.19 2,058.35
2017-09-30 19,865.43 20,613.13 2,599.92
2017-06-30 19,542.36 19,680.32 2,309.30
2017-03-31 18,287.80 19,787.31 3,019.83
2016-12-31 17,118.08 18,719.31 2,831.12
2016-09-30 16,822.27 17,787.82 2,392.51
2016-06-30 15,683.95 18,094.13 1,759.96
2016-03-31 14,908.33 16,979.49 1,390.66
2015-12-31 49,467.59 18,902.86 1,688.63
2015-09-30 49,500.74 16,754.55 2,340.66
2015-06-30 52,116.14 16,054.75 2,436.48
2015-03-31 52,157.55 11,891.54 2,194.26
2014-12-31 51,704.06 10,984.89 1,447.07
2014-09-30 52,113.96 10,438.40 1,690.53
2014-06-30 51,764.75 10,913.84 2,566.71
2014-03-31 49,548.21 3,659.49 1,426.26
2013-12-31 46,584.82 2,337.57 1,400.55
2013-09-30 43,508.29 2,296.13 1,214.58
2013-06-30 40,904.58 1,795.12 1,337.21
2013-03-31 41,776.91 1,734.65 1,724.30
2012-12-31 41,405.45 1,356.09 1,373.24
2012-09-30 40,640.70 1,338.14 1,278.35
2012-06-30 39,895.87 1,125.88 897.80
2012-03-31 40,015.39 1,725.39 659.00
  • KKR's level of debt (78.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (5.3% vs 78.1% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on KKR's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess KKR's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. KKR has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

KKR.PRA Dividends

 What is KKR's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.24%
Current annual income from KKR dividends. Estimated to be 2.53% next year.
If you bought $2,000 of KKR shares you are expected to receive $45 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • KKR's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.48%).
  • KKR's dividend is below the markets top 25% of dividend payers in United States of America (3.73%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:KKR.PRA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1986 Stocks 2.6%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:KKR.PRA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 1.02 1.00
2022-12-31 0.90 1.00
2021-12-31 0.65 2.00
2020-12-31 0.54 10.00
2019-12-31 0.51 13.00
2018-12-31 0.59 13.00
NYSE:KKR.PRA Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-11-02 0.500 2.338
2018-10-25 0.500 2.143
2018-08-03 0.680 2.609
2018-07-26 0.680 2.484
2018-05-08 0.680 2.811
2018-05-03 0.680 3.009
2018-02-23 0.680 3.213
2018-02-08 0.680 3.133
2017-11-03 0.680 3.227
2017-10-26 0.680 3.386
2017-08-04 0.680 3.524
2017-07-27 0.680 3.509
2017-05-08 0.680 3.630
2017-04-27 0.680 3.638
2017-02-24 0.680 3.804
2017-02-09 0.680 3.748
2016-11-04 0.640 3.942
2016-08-04 0.640 4.425
2016-07-26 0.640 4.424
2016-05-06 0.640 4.923
2016-04-25 0.640 4.658
2016-02-26 0.640 4.611
2016-02-11 0.640 5.142
2015-11-05 0.640 4.215
2015-10-27 0.640 3.575
2015-02-27 1.900 8.841
2015-02-10 1.900 7.924
2014-02-24 1.400 6.084
2014-02-06 1.400 5.807
2013-02-22 1.220 5.823
2013-02-07 1.220 6.857
2012-10-26 0.960 6.358
2012-07-27 0.520 3.567
2012-04-27 0.600 4.741
2012-02-09 0.740 5.138
2011-11-04 0.400 3.020
2011-08-03 0.440 3.790
2011-05-04 0.840 5.227
2011-02-23 1.160 6.664
2010-11-03 0.600 4.206
2010-10-05 0.320 2.772
2010-09-16 0.320 3.059
2010-08-12 0.320 3.139
2010-08-10 0.320 3.232
2010-07-15 0.320 3.341

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • KKR has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but KKR only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of KKR's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess KKR's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can KKR afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. KKR has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

KKR.PRA Management

 What is the CEO of KKR's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
George Roberts
COMPENSATION $113,711,704
AGE 75
CEO Bio

Mr. George R. Roberts, J.D. serves as a Co-Chief Executive Officer and Co-Chairman at KKR & Co. Inc. (formerly, KKR & Co. L.P.) and KKR Management LLC. Mr. Roberts co-founded KKR & Co. and KKR Management LLC in 1976. He has an intimate knowledge of KKR's business. He is a Special Advisor of Accel-KKR LLC. For over 30 years, Mr. Roberts, along with Mr. Henry Kravis, has led in its growth into a leading global alternative asset manager. He participates in all of KKR's investment activities. Mr. Roberts is a Co-Founder of KKR Private Equity Investors, L.P. Mr. Roberts has been a Managing Member and Founding Partner of KKR & Co. LLC since January 1, 1996. He served as the General Partner of KKR Associates LP since January 1, 1993 and prior thereto was a Limited Partner of KKR Associates, LP. Mr. Roberts co-founded and served as a Co-Chairman of KKR Guernsey GP Limited. Prior to KKR, he served as a Partner in the Corporate Finance Department of Bear Stearns & Company from 1969 to 1976, where he pioneered the use of leverage in acquisitions. He serves as Director of Borden Inc., US Natural Resources, Inc., BRW Acquisition Inc., Spalding Holdings Corp., Trinity Acquisition plc., KSL Recreation Corp., KSL Recreation Group, Inc., Alliance Imaging Inc., Shoppers Drug Mart Corp., U.S. Natural Resources Inc., United Fixtures Co., Accel-KKR Telecom and Zhone Technologies Inc. Mr. Roberts serves as a Member of the Board of Advisors of Common Sense Media, Inc. He serves as a Director of AutoZone Inc., Evenflo & Spalding Holdings Corporation, Evenflo Company Inc., Flagstar Companies Inc., Flagstar Corp., K-III Communications Corp., Merit Behavioral Care Corporation, Newsquest Capital PLC, Red Lion Properties Inc., Walter Industries Inc., American Re Corporation, Randall's Food Markets Inc., Owens-Illinois Group, Inc., The Stop & Shop Companies Inc. and World Color Press Inc. Mr. Roberts is the Founder and Chairman of the Board of Directors of REDF. He serves as a Trustee of The American Enterprise Institute for Public Policy Research and Claremont McKenna College, Culver Military Academy and a Board Member of San Francisco Symphony, San Francisco Ballet and Fine Arts Museum. Mr. Roberts serves as a Trustee of The American Enterprise Institute and Member of the Advisory Council of Stanford Graduate School of Business. Mr. Roberts served as a Member of the Advisory Board of Kohlberg Kravis Roberts & Co. He served as Director of BFW Liquidation, LLC and Marconi Communications, Inc., since August 1995. Mr. Roberts served as a Director of Common Sense Media, Inc. He served as an Advisory Director of Dayton Power and Light Co., since 2000. Mr. Roberts served as a Director of Safeway Inc. from July 23, 1986 to October 21, 2004. He served as a Director of Willis Group Holdings Public Limited Company until March 11, 2004, DPL Inc., since 2000, Momentive Specialty Chemicals Inc., since 1995; RentPath Inc., from March 1992 to May 14, 2004; KinderCare Learning Centers Inc., since February 1997 and Union Texas Petroleum Holdings Inc., since July 1985. Mr. Roberts served as a Director of Owens-Illinois Inc., from 1987 to May 12, 2004. He served as a Director of Accuride Corp. Mr. Roberts served as a Director of Bruno's Supermarkets, Inc., since August 1995. He served as a Director of Amphenol Corporation and Boyds Collection Ltd. Mr. Roberts was a Director of Duracell International, Inc. He served as Director of Willis Group Holdings, Hexion Inc., SHC Inc. and IDEX Corp. Mr. Roberts is a recipient of the NESsT International Venture Philanthropy Award. He has more than four decades of experience financing, analyzing and investing in public and private companies. Mr. Roberts received a J.D. from the University of California (Hastings) Law School in 1969, a B.A., cum laude, from Claremont McKenna College in 1966 and also graduated from Culver Military Academy in 1962.

CEO Compensation
  • George's compensation has increased by more than 20% in the past year.
  • George's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the KKR management team in years:

7.7
Average Tenure
55
Average Age
  • The average tenure for the KKR management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

George Roberts

TITLE
Co-Founder
COMPENSATION
$114M
AGE
75

Henry Kravis

TITLE
Co-Founder
COMPENSATION
$113M
AGE
74

Joe Bae

TITLE
Co-President
COMPENSATION
$144M
AGE
46
TENURE
1.5 yrs

Scott Nuttall

TITLE
Co-President
COMPENSATION
$144M
AGE
45
TENURE
1.5 yrs

Bill Janetschek

TITLE
Chief Financial Officer
COMPENSATION
$11M
AGE
55

David Sorkin

TITLE
Secretary & General Counsel
COMPENSATION
$7M
AGE
58
TENURE
12 yrs

Henry McVey

TITLE
Chief Investment Officer of Kkr Balance Sheet and Head of Global Macro & Asset Allocation

Usman Rabbani

TITLE
MD and Global Head of Innovation & Technology

Ed Brandman

TITLE
Member, MD & Chief Information Officer
AGE
50
TENURE
11.2 yrs

Craig Larson

TITLE
Head of Investor Relations
TENURE
7.7 yrs
Board of Directors Tenure

Average tenure and age of the KKR board of directors in years:

7.6
Average Tenure
66
Average Age
  • The tenure for the KKR board of directors is about average.
Board of Directors

Henry Kravis

TITLE
Co-Founder
COMPENSATION
$113M
AGE
74

Joe Bae

TITLE
Co-President
COMPENSATION
$144M
AGE
46
TENURE
1.5 yrs

Scott Nuttall

TITLE
Co-President
COMPENSATION
$144M
AGE
45
TENURE
1.5 yrs

David Petraeus

TITLE
Member & Chairman of the KKR Global Institute
AGE
66
TENURE
5.7 yrs

George Roberts

TITLE
Co-Founder
COMPENSATION
$114M
AGE
75

Joseph Grundfest

TITLE
Director
COMPENSATION
$275K
AGE
66
TENURE
8.5 yrs

Bob Scully

TITLE
Independent Director
COMPENSATION
$265K
AGE
68
TENURE
8.5 yrs

Tom Schoewe

TITLE
Independent Director
COMPENSATION
$250K
AGE
65
TENURE
7.8 yrs

Pat Russo

TITLE
Independent Director
COMPENSATION
$225K
AGE
66
TENURE
7.8 yrs

John Hess

TITLE
Independent Director
COMPENSATION
$225K
AGE
64
TENURE
7.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess KKR's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. KKR has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

KKR.PRA News

Simply Wall St News

Should You Be Tempted To Buy KKR & Co L.P. (NYSE:KKR.PRA) At Its Current PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for KKR.PRA Price per share = $22.19 Earnings per share = $2.148 ∴ Price-Earnings Ratio = $22.19 ÷ $2.148 = 10.3x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you accidentally compared higher growth firms with KKR.PRA, then KKR.PRA’s P/E would naturally be lower since investors would reward its peers’ higher growth with a higher price. … Alternatively, if you inadvertently compared less risky firms with KKR.PRA, KKR.PRA’s P/E would again be lower since investors would reward its peers’ lower risk with a higher price as well.

Simply Wall St -

KKR.PRA Company Info

Map
Description

KKR & Co. L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments. The firm considers investments in all industries with a focus on software, security, semiconductors, consumer electronics, internet of things (iot), internet, information services, information technology infrastructure, financial technology, network and cyber security architecture, engineering and operations, content, technology and hardware, energy and infrastructure, real estate, services industry with a focus on business services, intelligence, industry-leading franchises and companies in natural resource, containers and packaging, agriculture, airports, ports, forestry, electric utilities, textiles, apparel and luxury goods, household durables, digital media, insurance, brokerage houses, non-durable goods distribution, supermarket retailing, grocery stores, food, beverage, and tobacco, hospitals, entertainment venues and production companies, publishing, printing services, capital goods, financial services, specialized finance, pipelines, and renewable energy. In energy and infrastructure, it focuses on the upstream oil and gas and equipment, minerals and royalties and services verticals. In real estate, the firm seeks to invest in private and public real estate securities including property-level equity, debt and special situations transactions and businesses with significant real estate holdings, and oil and natural gas properties. The firm also invests in asset services sector that encompasses a broad array of B2B, B2C and B2G services verticals including asset-based, transport, logistics, leisure/hospitality, resource and utility support, infra-like, mission-critical, and environmental services. Within Americas, the firm prefers to invest in consumer products; chemicals, metals and mining; energy and natural resources; financial services; healthcare; industrials; media and communications; retail; and technology. Within Europe, the firm invests in consumer and retail; energy; financial services; health care; industrials and chemicals; media and digital; and telecom and technologies. Within Asia, it invests in consumer products; energy and resources; financial services; healthcare; industrials; logistics; media and telecom; retail; real estate; and technology. It also seeks to make impact investments focused on identifying and investing behind businesses with positive social or environmental impact. The firm seeks to invest in mid to high-end residential developments, but can invest in other projects throughout Mainland China through outright ownership, joint ventures, and merger. It invests globally with a focus on Australia, emerging and developed Asia, Middle East and Africa, Nordic, Southeast Asia, Asia Pacific, Ireland, Hong Kong, Japan, Taiwan, India, Vietnam, Malaysia, Singapore, Indonesia, France, Germany, Netherlands, United Kingdom, Caribbean, Mexico, South America, North America, Brazil, Latin America, Korea with a focus on South Korea, and United States of America. In the United States and Europe, the firm focuses on buyouts of large, publicly traded companies. It seeks to invest $30 million to $717 million in companies with enterprise values between $500 million to $2389 million. The firm prefers to invest in a range of debt and public equity investing and may co-invest. It seeks a board seat in its portfolio companies and a controlling ownership of a company or a strategic minority positions. The firm may acquire majority and minority equity interests, particularly when making private equity investments in Asia or sponsoring investments as part of a large investor consortium. The firm typically holds its investment for a period of five to seven years and more and exits through initial public offerings, secondary offerings, and sales to strategic buyers. KKR & Co. L.P. was founded in 1976 and is based in New York, New York with additional offices across North America, Europe, Australia, and Asia.

Details
Name: KKR & Co. Inc.
KKR.PRA
Exchange: NYSE
Founded: 1976
$18,512,875,688
$11,885,235,432
835,418,578
Website: http://www.kkr.com
Address: KKR & Co. Inc.
9 West 57th Street,
Suite 4200,
New York,
New York, 10019,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE KKR Class A common stock New York Stock Exchange US USD 15. Jul 2010
LSE 0Z1W Class A common stock London Stock Exchange GB USD 15. Jul 2010
NYSE KKR.PRA 6.75% PFD SER A New York Stock Exchange US USD 14. Mar 2016
NYSE KKR.PRB 6.50% PFD SER B New York Stock Exchange US USD 14. Jun 2016
NYSE KKR.PRB 6.50% PFD SER B New York Stock Exchange US USD 02. Jul 2018
DB KR51 Common Units Deutsche Boerse AG DE EUR 15. Jul 2010
BMV KKRC * Common Units Bolsa Mexicana de Valores MX MXN 15. Jul 2010
Number of employees
Current staff
Staff numbers
1,184
KKR employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/01/24 00:38
End of day share price update: 2019/01/23 00:00
Last estimates confirmation: 2019/01/22
Last earnings filing: 2018/11/02
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.