Intrinsic value of KT Corporation - KT

Previous Close

$12.81

  Intrinsic Value

$13.81

stock screener

  Rating & Target

hold

+8%

Previous close

$12.81

 
Intrinsic value

$13.81

 
Up/down potential

+8%

 
Rating

hold

We calculate the intrinsic value of KT stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 6.7

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  15.70
  14.63
  13.67
  12.80
  12.02
  11.32
  10.69
  10.12
  9.61
  9.15
  8.73
  8.36
  8.02
  7.72
  7.45
  7.20
  6.98
  6.78
  6.61
  6.45
  6.30
  6.17
  6.05
  5.95
  5.85
  5.77
  5.69
  5.62
  5.56
  5.50
Revenue, $m
  25,248
  28,942
  32,897
  37,108
  41,569
  46,274
  51,219
  56,401
  61,819
  67,472
  73,363
  79,495
  85,872
  92,501
  99,390
  106,549
  113,989
  121,723
  129,764
  138,128
  146,831
  155,892
  165,329
  175,163
  185,416
  196,111
  207,273
  218,926
  231,098
  243,818
Variable operating expenses, $m
  24,124
  27,617
  31,357
  35,340
  39,558
  44,007
  48,684
  53,584
  58,708
  64,054
  69,378
  75,177
  81,207
  87,476
  93,991
  100,762
  107,798
  115,111
  122,715
  130,625
  138,855
  147,424
  156,348
  165,649
  175,345
  185,459
  196,014
  207,034
  218,545
  230,574
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  24,124
  27,617
  31,357
  35,340
  39,558
  44,007
  48,684
  53,584
  58,708
  64,054
  69,378
  75,177
  81,207
  87,476
  93,991
  100,762
  107,798
  115,111
  122,715
  130,625
  138,855
  147,424
  156,348
  165,649
  175,345
  185,459
  196,014
  207,034
  218,545
  230,574
Operating income, $m
  1,124
  1,325
  1,540
  1,769
  2,011
  2,267
  2,535
  2,817
  3,111
  3,418
  3,985
  4,318
  4,664
  5,025
  5,399
  5,788
  6,192
  6,612
  7,049
  7,503
  7,976
  8,468
  8,980
  9,515
  10,072
  10,653
  11,259
  11,892
  12,553
  13,244
EBITDA, $m
  4,502
  5,161
  5,866
  6,617
  7,413
  8,251
  9,133
  10,057
  11,023
  12,032
  13,082
  14,175
  15,313
  16,495
  17,723
  19,000
  20,326
  21,705
  23,139
  24,631
  26,183
  27,798
  29,481
  31,235
  33,063
  34,970
  36,961
  39,039
  41,209
  43,477
Interest expense (income), $m
  321
  587
  829
  1,090
  1,370
  1,668
  1,983
  2,316
  2,666
  3,033
  3,416
  3,816
  4,233
  4,667
  5,118
  5,587
  6,074
  6,581
  7,107
  7,654
  8,223
  8,815
  9,431
  10,072
  10,740
  11,435
  12,161
  12,918
  13,707
  14,532
  15,393
Earnings before tax, $m
  538
  496
  450
  399
  343
  283
  219
  151
  78
  2
  169
  85
  -2
  -93
  -188
  -287
  -389
  -495
  -606
  -720
  -839
  -963
  -1,091
  -1,225
  -1,364
  -1,508
  -1,659
  -1,815
  -1,979
  -2,149
Tax expense, $m
  145
  134
  121
  108
  93
  76
  59
  41
  21
  1
  46
  23
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  393
  362
  328
  291
  251
  207
  160
  110
  57
  1
  123
  62
  -2
  -93
  -188
  -287
  -389
  -495
  -606
  -720
  -839
  -963
  -1,091
  -1,225
  -1,364
  -1,508
  -1,659
  -1,815
  -1,979
  -2,149

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  32,287
  37,010
  42,068
  47,453
  53,157
  59,173
  65,497
  72,124
  79,052
  86,282
  93,815
  101,656
  109,810
  118,288
  127,097
  136,252
  145,766
  155,656
  165,939
  176,634
  187,763
  199,350
  211,418
  223,994
  237,105
  250,782
  265,055
  279,957
  295,522
  311,788
Adjusted assets (=assets-cash), $m
  32,287
  37,010
  42,068
  47,453
  53,157
  59,173
  65,497
  72,124
  79,052
  86,282
  93,815
  101,656
  109,810
  118,288
  127,097
  136,252
  145,766
  155,656
  165,939
  176,634
  187,763
  199,350
  211,418
  223,994
  237,105
  250,782
  265,055
  279,957
  295,522
  311,788
Revenue / Adjusted assets
  0.782
  0.782
  0.782
  0.782
  0.782
  0.782
  0.782
  0.782
  0.782
  0.782
  0.782
  0.782
  0.782
  0.782
  0.782
  0.782
  0.782
  0.782
  0.782
  0.782
  0.782
  0.782
  0.782
  0.782
  0.782
  0.782
  0.782
  0.782
  0.782
  0.782
Average production assets, $m
  15,654
  17,944
  20,396
  23,007
  25,773
  28,690
  31,756
  34,969
  38,328
  41,833
  45,485
  49,287
  53,240
  57,351
  61,622
  66,061
  70,673
  75,468
  80,454
  85,639
  91,035
  96,653
  102,504
  108,601
  114,958
  121,589
  128,509
  135,734
  143,281
  151,167
Working capital, $m
  -1,161
  -1,331
  -1,513
  -1,707
  -1,912
  -2,129
  -2,356
  -2,594
  -2,844
  -3,104
  -3,375
  -3,657
  -3,950
  -4,255
  -4,572
  -4,901
  -5,244
  -5,599
  -5,969
  -6,354
  -6,754
  -7,171
  -7,605
  -8,058
  -8,529
  -9,021
  -9,535
  -10,071
  -10,631
  -11,216
Total debt, $m
  9,106
  11,978
  15,053
  18,327
  21,795
  25,453
  29,298
  33,327
  37,539
  41,935
  46,515
  51,282
  56,240
  61,394
  66,751
  72,317
  78,102
  84,114
  90,366
  96,869
  103,636
  110,680
  118,018
  125,664
  133,636
  141,951
  150,629
  159,689
  169,153
  179,043
Total liabilities, $m
  19,630
  22,502
  25,577
  28,851
  32,319
  35,977
  39,822
  43,851
  48,064
  52,459
  57,039
  61,807
  66,765
  71,919
  77,275
  82,841
  88,626
  94,639
  100,891
  107,393
  114,160
  121,205
  128,542
  136,188
  144,160
  152,475
  161,153
  170,214
  179,678
  189,567
Total equity, $m
  12,656
  14,508
  16,491
  18,602
  20,838
  23,196
  25,675
  28,273
  30,988
  33,822
  36,775
  39,849
  43,046
  46,369
  49,822
  53,411
  57,140
  61,017
  65,048
  69,241
  73,603
  78,145
  82,876
  87,806
  92,945
  98,307
  103,901
  109,743
  115,845
  122,221
Total liabilities and equity, $m
  32,286
  37,010
  42,068
  47,453
  53,157
  59,173
  65,497
  72,124
  79,052
  86,281
  93,814
  101,656
  109,811
  118,288
  127,097
  136,252
  145,766
  155,656
  165,939
  176,634
  187,763
  199,350
  211,418
  223,994
  237,105
  250,782
  265,054
  279,957
  295,523
  311,788
Debt-to-equity ratio
  0.720
  0.830
  0.910
  0.990
  1.050
  1.100
  1.140
  1.180
  1.210
  1.240
  1.260
  1.290
  1.310
  1.320
  1.340
  1.350
  1.370
  1.380
  1.390
  1.400
  1.410
  1.420
  1.420
  1.430
  1.440
  1.440
  1.450
  1.460
  1.460
  1.460
Adjusted equity ratio
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392
  0.392

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  393
  362
  328
  291
  251
  207
  160
  110
  57
  1
  123
  62
  -2
  -93
  -188
  -287
  -389
  -495
  -606
  -720
  -839
  -963
  -1,091
  -1,225
  -1,364
  -1,508
  -1,659
  -1,815
  -1,979
  -2,149
Depreciation, amort., depletion, $m
  3,378
  3,836
  4,326
  4,848
  5,402
  5,985
  6,598
  7,241
  7,913
  8,614
  9,097
  9,857
  10,648
  11,470
  12,324
  13,212
  14,135
  15,094
  16,091
  17,128
  18,207
  19,331
  20,501
  21,720
  22,992
  24,318
  25,702
  27,147
  28,656
  30,233
Funds from operations, $m
  3,770
  4,198
  4,655
  5,140
  5,652
  6,192
  6,758
  7,351
  7,970
  8,615
  9,220
  9,920
  10,646
  11,377
  12,136
  12,925
  13,746
  14,598
  15,485
  16,407
  17,368
  18,368
  19,409
  20,495
  21,628
  22,810
  24,043
  25,331
  26,677
  28,084
Change in working capital, $m
  -158
  -170
  -182
  -194
  -205
  -216
  -227
  -238
  -249
  -260
  -271
  -282
  -293
  -305
  -317
  -329
  -342
  -356
  -370
  -385
  -400
  -417
  -434
  -452
  -472
  -492
  -513
  -536
  -560
  -585
Cash from operations, $m
  3,928
  4,368
  4,837
  5,333
  5,857
  6,408
  6,985
  7,589
  8,219
  8,875
  9,491
  10,202
  10,939
  11,682
  12,453
  13,255
  14,088
  14,954
  15,855
  16,792
  17,768
  18,784
  19,843
  20,948
  22,099
  23,301
  24,557
  25,867
  27,237
  28,670
Maintenance CAPEX, $m
  -2,707
  -3,131
  -3,589
  -4,079
  -4,601
  -5,155
  -5,738
  -6,351
  -6,994
  -7,666
  -8,367
  -9,097
  -9,857
  -10,648
  -11,470
  -12,324
  -13,212
  -14,135
  -15,094
  -16,091
  -17,128
  -18,207
  -19,331
  -20,501
  -21,720
  -22,992
  -24,318
  -25,702
  -27,147
  -28,656
New CAPEX, $m
  -2,116
  -2,290
  -2,452
  -2,611
  -2,766
  -2,917
  -3,066
  -3,213
  -3,359
  -3,505
  -3,652
  -3,802
  -3,954
  -4,110
  -4,271
  -4,439
  -4,613
  -4,795
  -4,985
  -5,186
  -5,396
  -5,618
  -5,851
  -6,097
  -6,357
  -6,631
  -6,920
  -7,225
  -7,547
  -7,886
Cash from investing activities, $m
  -4,823
  -5,421
  -6,041
  -6,690
  -7,367
  -8,072
  -8,804
  -9,564
  -10,353
  -11,171
  -12,019
  -12,899
  -13,811
  -14,758
  -15,741
  -16,763
  -17,825
  -18,930
  -20,079
  -21,277
  -22,524
  -23,825
  -25,182
  -26,598
  -28,077
  -29,623
  -31,238
  -32,927
  -34,694
  -36,542
Free cash flow, $m
  -896
  -1,053
  -1,204
  -1,357
  -1,510
  -1,663
  -1,818
  -1,975
  -2,134
  -2,296
  -2,528
  -2,697
  -2,872
  -3,076
  -3,288
  -3,508
  -3,737
  -3,976
  -4,224
  -4,484
  -4,756
  -5,040
  -5,338
  -5,650
  -5,978
  -6,321
  -6,681
  -7,059
  -7,456
  -7,873
Issuance/(repayment) of debt, $m
  2,660
  2,872
  3,075
  3,274
  3,468
  3,658
  3,845
  4,029
  4,212
  4,396
  4,580
  4,767
  4,958
  5,154
  5,356
  5,566
  5,785
  6,013
  6,252
  6,503
  6,767
  7,045
  7,337
  7,646
  7,972
  8,315
  8,678
  9,060
  9,464
  9,889
Issuance/(repurchase) of shares, $m
  1,327
  1,489
  1,654
  1,820
  1,985
  2,152
  2,319
  2,488
  2,659
  2,833
  2,830
  3,011
  3,199
  3,416
  3,642
  3,875
  4,119
  4,372
  4,637
  4,913
  5,202
  5,505
  5,822
  6,155
  6,504
  6,870
  7,254
  7,657
  8,080
  8,525
Cash from financing (excl. dividends), $m  
  3,987
  4,361
  4,729
  5,094
  5,453
  5,810
  6,164
  6,517
  6,871
  7,229
  7,410
  7,778
  8,157
  8,570
  8,998
  9,441
  9,904
  10,385
  10,889
  11,416
  11,969
  12,550
  13,159
  13,801
  14,476
  15,185
  15,932
  16,717
  17,544
  18,414
Total cash flow (excl. dividends), $m
  3,092
  3,308
  3,525
  3,737
  3,944
  4,146
  4,345
  4,542
  4,737
  4,933
  4,882
  5,082
  5,285
  5,494
  5,710
  5,933
  6,166
  6,409
  6,664
  6,932
  7,213
  7,509
  7,821
  8,150
  8,498
  8,864
  9,250
  9,658
  10,088
  10,542
Retained Cash Flow (-), $m
  -1,720
  -1,852
  -1,983
  -2,111
  -2,236
  -2,358
  -2,479
  -2,598
  -2,716
  -2,834
  -2,953
  -3,074
  -3,199
  -3,416
  -3,642
  -3,875
  -4,119
  -4,372
  -4,637
  -4,913
  -5,202
  -5,505
  -5,822
  -6,155
  -6,504
  -6,870
  -7,254
  -7,657
  -8,080
  -8,525
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  1,372
  1,457
  1,542
  1,626
  1,708
  1,788
  1,866
  1,944
  2,021
  2,099
  1,929
  2,008
  2,086
  2,078
  2,068
  2,058
  2,047
  2,037
  2,028
  2,019
  2,011
  2,004
  1,999
  1,996
  1,994
  1,994
  1,997
  2,001
  2,008
  2,017
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  1,315
  1,334
  1,342
  1,339
  1,324
  1,297
  1,261
  1,215
  1,161
  1,100
  916
  857
  793
  698
  607
  523
  446
  375
  312
  257
  208
  166
  131
  102
  78
  58
  43
  31
  22
  15
Current shareholders' claim on cash, %
  85.2
  73.0
  62.7
  54.2
  47.0
  41.0
  35.9
  31.5
  27.8
  24.6
  21.9
  19.6
  17.6
  15.8
  14.2
  12.8
  11.5
  10.4
  9.4
  8.5
  7.6
  6.9
  6.2
  5.6
  5.1
  4.6
  4.2
  3.8
  3.4
  3.1

KT Corporation is a telecommunications service provider. The Company's segments include the Customer/Marketing Group, the Finance Business Group and the Others Group. The Customer/Marketing Group segment is engaged in providing various telecommunication services to individual/home/corporate customers and the convergence business. The Finance Business Group segment is engaged in providing various financial services, such as credit card. The Others Group segment includes security services, satellite service, information technology and network services, and satellite television services, as well as global business services, which provide global network services to multinational or domestic corporate customers and telecommunications companies. The Company's principal services include mobile voice and data telecommunications services; fixed-line services; credit card processing and other financial services, and various other services.

FINANCIAL RATIOS  of  KT Corporation (KT)

Valuation Ratios
P/E Ratio 5.1
Price to Sales 0.2
Price to Book 0.3
Price to Tangible Book
Price to Cash Flow 0.8
Price to Free Cash Flow 2.3
Growth Rates
Sales Growth Rate 2.1%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -8.4%
Cap. Spend. - 3 Yr. Gr. Rate -2.6%
Financial Strength
Quick Ratio 2
Current Ratio 0
LT Debt to Equity 55.1%
Total Debt to Equity 71%
Interest Coverage 4
Management Effectiveness
Return On Assets 3.3%
Ret/ On Assets - 3 Yr. Avg. 1.4%
Return On Total Capital 3.6%
Ret/ On T. Cap. - 3 Yr. Avg. 0.6%
Return On Equity 6.4%
Return On Equity - 3 Yr. Avg. 0.7%
Asset Turnover 0.8
Profitability Ratios
Gross Margin 99.4%
Gross Margin - 3 Yr. Avg. 99.7%
EBITDA Margin 21.6%
EBITDA Margin - 3 Yr. Avg. 19.1%
Operating Margin 6.1%
Oper. Margin - 3 Yr. Avg. 3%
Pre-Tax Margin 5%
Pre-Tax Margin - 3 Yr. Avg. 0.7%
Net Profit Margin 3.1%
Net Profit Margin - 3 Yr. Avg. 0.3%
Effective Tax Rate 29.3%
Eff/ Tax Rate - 3 Yr. Avg. 27.3%
Payout Ratio 25.9%

KT stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the KT stock intrinsic value calculation we used $21822 million for the last fiscal year's total revenue generated by KT Corporation. The default revenue input number comes from 0001 income statement of KT Corporation. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our KT stock valuation model: a) initial revenue growth rate of 15.7% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for KT is calculated based on our internal credit rating of KT Corporation, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of KT Corporation.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of KT stock the variable cost ratio is equal to 95.7%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for KT stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 9.1% for KT Corporation.

Corporate tax rate of 27% is the nominal tax rate for KT Corporation. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the KT stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for KT are equal to 62%.

Life of production assets of 0 years is the average useful life of capital assets used in KT Corporation operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for KT is equal to -4.6%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $10936.641336 million for KT Corporation - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 522.164 million for KT Corporation is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of KT Corporation at the current share price and the inputted number of shares is $6.7 billion.

RELATED COMPANIES Price Int.Val. Rating
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