KT Corporation KT

Communication ServicesTelecommunications ServicesKorea; Republic (S. Korea)

Last close 17.28 USD on Nov 1, 2026, −6.1% year to date

Quant rating

Quant rating C Rank 65 of 152 in Communication Services

Growth D 109 of 152
Valuation A 4 of 152
Quality D 114 of 152
Revisions B 51 of 152
Momentum C 83 of 152

Wall Street consensus Buy (2.33)Average target 24.67 USD +42.8%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 8.8B
Enterprise value: 15.6B
52-week range: 16.59 – 24.57
3-year range: 12.12 – 24.57
Dividend yield: 4.71%
Beta (5 years): 0.61
Shares outstanding: 252M
Next earnings: Nov 5, 2026

About the company

KT Corp is a Korea-based company primarily engaged in the provision of telecommunication services. The Company operates its business through five segments. The Information and Communication Technology (ICT) segment mainly operates wired and wireless telecommunication services such as wireless telecommunications, high-speed internet, and enterprise lines, as well as pay television (TV) services including internet protocol television (IPTV) and business-to-business (B2B) business including artificial intelligence (AI) and information technology (IT) business. The Finance segment is mainly engaged in providing financial services, such as credit card issuance and management services. The Satellite Broadcasting segment mainly provides satellite broadcasting services. The Real Estate segment is mainly engaged in the development, provision, rental and management of real estate. The Other segment mainly operates content, software development, IT, global business and other business.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	19,607	17,898	20,377	20,342	20,959	–
Revenue growth	9.5%	−12.2%	0.2%	−2.9%	−5.0%	−2.3%
EPS (basic, normalized)	5.01	1.40	1.55	2.01	2.51	–
EPS growth	257.9%	−9.5%	−23.2%	−19.8%	–	–
Gross margin	64.7%	65.2%	64.4%	62.6%	60.3%	63.4%
Net margin	6.1%	1.8%	3.8%	4.9%	5.4%	4.4%
ROE	10.2%	2.9%	6.1%	8.0%	9.4%	7.3%

Balance sheet, last quarter
Cash & short-term investments (mil)	3,373
Current ratio	1.13x
Long-term debt (mil)	5,215
Net debt (mil)	5,973
Total equity (mil)	12,011
Net debt / equity	0.50x
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	19,607	+9.5%	0.8x	–	–	–	5.01	+257.9%	3.5x
2026	16,343	−16.6%	1.0x	3,881	–	4.0x	3.27	−34.8%	5.3x
2027	16,433	+0.6%	1.0x	3,844	−1.0%	4.1x	3.43	+5.0%	5.0x
2028	13,441	−18.2%	1.2x	4,153	+8.0%	3.8x	4.28	+24.9%	4.0x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	16,343	0.0%	−5.5%	−5.9%	3.27	0.0%	−2.3%	+4.0%
2027	16,433	0.0%	−6.7%	−7.4%	3.43	0.0%	−3.5%	+1.8%
2028	13,441	0.0%	−22.8%	−37.1%	4.28	0.0%	−4.8%	−8.8%

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	–	–	–	–	–	–	–	–
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	–	–	–
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

FQ0 is the most recent reported quarter, FQ-1 the one before, and so on.

Peer comparison Telecommunications Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
KT KT Corporation	8.8B	–	6.1%	0.59x	5.3x	5.0x	4.0x	4.1x
SCMWY Swisscom AG	44.0B	2.23x	8.4%	3.16x	23.0x	21.4x	7.5x	7.4x
CHT Chunghwa Telecom Co Ltd	38.1B	−0.30x	16.4%	3.38x	56.3x	55.6x	13.5x	12.8x
TLGPY Telstra Group Limited	38.6B	–	9.8%	4.38x	20.9x	19.5x	8.1x	7.8x
BT BT Group PLC	30.3B	–	5.5%	–	–	–	–	–
VIV Telefonica Brasil, SA	18.4B	0.49x	10.3%	1.49x	14.3x	11.7x	4.0x	3.8x
Mean		0.81x	9.4%	2.60x	24.0x	22.7x	7.4x	7.2x
Median		0.49x	9.1%	3.16x	20.9x	19.5x	7.5x	7.4x

Technical analysis

1M−9.8%
3M−7.0%
1Y−5.8%
3Y+71.6%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, KT Corporation, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	19,607	17,898	20,377	20,342	20,959	22,054
Cost of revenue	6,913	6,233	7,259	7,605	8,320	8,904
Gross profit	12,694	11,664	13,118	12,738	12,638	13,150
Selling, general & administrative expenses	7,153	7,318	7,475	7,427	7,436	7,877
Research & development	–	–	–	139	142	145
Depreciation/amortization	2,694	2,626	2,944	2,899	3,037	3,351
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	−105	11.9	42.9	−291	−109	114
Other operating expenses	1,133	1,173	1,425	932	616	685
Operating income	1,819	536	1,232	1,632	1,516	978
Net interest income (expense)	−76.2	−34.7	−138	−44.7	212	−2.6
Gain (loss) on sale of assets	−26.9	−35.0	−40.5	−27.1	−23.5	−53.4
Other non-operating income (expense)	−36.9	−70.7	−30.5	−57.8	−39.5	−23.1
Net income before taxes	1,679	396	1,023	1,502	1,665	899
Provision for taxes	404	113	259	402	437	251
Minority interest	−73.4	36.0	16.3	−99.3	−86.3	−41.8
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	1,202	318	780	1,001	1,142	607
Extraordinary items	–	–	–	–	–	–
Net income	1,202	318	780	1,001	1,142	607
EBIT, normalized	1,714	548	1,275	1,340	1,407	1,092
EBITDA, normalized	4,447	3,209	4,263	4,283	4,478	4,474
Basic EPS, normalized	5.01	1.40	1.55	2.01	2.51	–

Balance sheet in millions of USD, fiscal years

Balance sheet, KT Corporation, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	3,496	3,323	3,299	2,991	3,540	3,539
Receivables	4,065	4,164	5,542	4,837	4,288	4,523
Total inventory	289	637	705	562	433	493
Prepaid expenses	–	–	–	–	–	–
Other current assets	1,854	1,527	1,670	1,666	1,722	1,731
Total current assets	9,703	9,651	11,216	10,057	9,982	10,285
Property, plant & equipment	12,960	12,418	14,196	14,264	14,675	15,484
Goodwill	145	185	377	562	587	212
Intangibles	935	1,076	1,580	1,921	2,315	1,781
Long-term investments	3,420	2,926	3,308	3,158	1,777	1,016
Note receivable	1,436	1,043	1,085	1,183	919	1,153
Other long-term assets	1,215	1,060	1,234	1,356	1,025	1,109
Total assets	29,815	28,359	32,996	32,501	31,280	31,041
Liabilities
Accounts payable	794	702	1,003	912	1,294	1,143
Payable/accrued	–	–	–	–	–	–
Accrued expenses	–	–	–	–	–	–
Short-term debt	493	305	329	400	285	88.3
Current portion of long-term debt	1,506	2,576	2,272	1,299	1,452	1,538
Other current liabilities	5,324	5,813	6,554	5,873	5,447	5,707
Total current liabilities	8,117	9,395	10,157	8,485	8,479	8,476
Long-term debt	6,477	4,961	6,205	7,166	6,341	6,175
Minority interest	1,251	1,209	1,400	1,430	1,339	1,420
Other liabilities	1,713	1,816	2,294	2,245	2,514	2,049
Total liabilities	17,558	17,382	20,056	19,326	18,673	18,120
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	1,086	1,059	1,209	1,241	1,317	1,443
Additional paid-in capital	1,000	975	1,113	1,142	1,212	1,328
Retained earnings (accumulated deficit)	10,388	9,331	11,198	11,307	11,185	11,209
Treasury stock	−320	−146	−308	−160	−850	−814
Other equity	103	−243	−272	−355	−257	−246
Total equity	12,257	10,977	12,940	13,175	12,607	12,920
Total liabilities & shareholders' equity	29,815	28,359	32,996	32,501	31,280	31,041

Cash flow statement in millions of USD, fiscal years

Cash flow statement, KT Corporation, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	1,275	282	764	1,101	1,228	649
Depreciation, depletion & amortization	2,733	2,661	2,988	2,943	3,070	3,382
Deferred taxes	–	–	–	–	–	–
Non-cash items	903	632	879	426	582	899
Changes in working capital	−1,481	−145	−379	−1,617	−199	−559
Cash from operations	3,431	3,430	4,252	2,853	4,682	4,371
Investing activities
Capital expenditures	−2,805	−2,278	−3,224	−3,162	−3,579	−3,434
Other investing cash flows	−331	352	−346	−675	−746	−34.1
Cash from investing	−3,137	−1,927	−3,570	−3,837	−4,325	−3,468
Financing activities
Financing cash flow items	126	39.8	522	106	−2.7	53.1
Cash dividends paid	−401	−591	−407	−378	−295	−286
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−164	−390	−464	803	263	−364
Cash from financing	−438	−941	−350	531	−34.8	−597
Foreign exchange effects	−1.2	4.6	0.4	1.4	1.6	−1.9
Net change in cash	−146	567	333	−452	324	303
Free cash flow	625	1,152	1,028	−309	1,103	936

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.