Intrinsic value of KT ADR - KT

Previous Close

$14.40

  Intrinsic Value

$42.82

stock screener

  Rating & Target

str. buy

+197%

Previous close

$14.40

 
Intrinsic value

$42.82

 
Up/down potential

+197%

 
Rating

str. buy

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 2.4

 

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
  25,247
  28,941
  32,897
  37,107
  41,568
  46,273
  51,217
  56,400
  61,817
  67,471
  73,362
  79,493
  85,870
  92,499
  99,388
  106,547
  113,987
  121,720
  129,761
  138,125
  146,828
  155,888
  165,325
  175,159
  185,412
  196,107
  207,268
  218,921
  231,093
  243,812
Variable operating expenses, $m
  24,123
  27,616
  31,357
  35,339
  39,557
  44,006
  48,682
  53,583
  58,706
  64,053
  69,377
  75,175
  81,205
  87,474
  93,989
  100,759
  107,795
  115,108
  122,713
  130,622
  138,852
  147,420
  156,345
  165,645
  175,341
  185,455
  196,010
  207,030
  218,540
  230,569
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
  24,123
  27,616
  31,357
  35,339
  39,557
  44,006
  48,682
  53,583
  58,706
  64,053
  69,377
  75,175
  81,205
  87,474
  93,989
  100,759
  107,795
  115,108
  122,713
  130,622
  138,852
  147,420
  156,345
  165,645
  175,341
  185,455
  196,010
  207,030
  218,540
  230,569
Operating income, $m
  1,124
  1,325
  1,540
  1,769
  2,011
  2,266
  2,535
  2,817
  3,111
  3,418
  3,985
  4,318
  4,664
  5,024
  5,399
  5,788
  6,192
  6,612
  7,048
  7,503
  7,976
  8,468
  8,980
  9,514
  10,071
  10,652
  11,259
  11,892
  12,553
  13,244
EBITDA, $m
  4,502
  5,161
  5,866
  6,617
  7,412
  8,251
  9,133
  10,057
  11,023
  12,031
  13,082
  14,175
  15,312
  16,494
  17,723
  18,999
  20,326
  21,705
  23,139
  24,630
  26,182
  27,798
  29,481
  31,234
  33,062
  34,970
  36,960
  39,038
  41,208
  43,476
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
  10,739
  11,435
  12,161
  12,917
  13,707
  14,531
  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
  32,286
  37,009
  42,067
  47,452
  53,156
  59,172
  65,496
  72,122
  79,050
  86,280
  93,813
  101,653
  109,808
  118,285
  127,095
  136,249
  145,763
  155,652
  165,935
  176,630
  187,759
  199,345
  211,413
  223,989
  237,100
  250,776
  265,049
  279,950
  295,515
  311,781
Adjusted assets (=assets-cash), $m
  32,286
  37,009
  42,067
  47,452
  53,156
  59,172
  65,496
  72,122
  79,050
  86,280
  93,813
  101,653
  109,808
  118,285
  127,095
  136,249
  145,763
  155,652
  165,935
  176,630
  187,759
  199,345
  211,413
  223,989
  237,100
  250,776
  265,049
  279,950
  295,515
  311,781
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
  15,653
  17,944
  20,396
  23,007
  25,772
  28,689
  31,755
  34,968
  38,327
  41,832
  45,484
  49,286
  53,239
  57,349
  61,621
  66,059
  70,672
  75,466
  80,452
  85,637
  91,033
  96,651
  102,502
  108,599
  114,956
  121,586
  128,506
  135,731
  143,278
  151,164
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
  -5,243
  -5,599
  -5,969
  -6,354
  -6,754
  -7,171
  -7,605
  -8,057
  -8,529
  -9,021
  -9,534
  -10,070
  -10,630
  -11,215
Total debt, $m
  9,105
  11,977
  15,053
  18,326
  21,794
  25,452
  29,297
  33,326
  37,538
  41,934
  46,514
  51,281
  56,239
  61,393
  66,749
  72,315
  78,100
  84,112
  90,364
  96,867
  103,633
  110,678
  118,015
  125,661
  133,632
  141,948
  150,625
  159,685
  169,149
  179,038
Total liabilities, $m
  19,630
  22,502
  25,577
  28,851
  32,319
  35,977
  39,821
  43,850
  48,063
  52,458
  57,038
  61,805
  66,763
  71,917
  77,273
  82,840
  88,624
  94,637
  100,888
  107,391
  114,158
  121,202
  128,539
  136,185
  144,157
  152,472
  161,150
  170,210
  179,673
  189,563
Total equity, $m
  12,656
  14,508
  16,490
  18,601
  20,837
  23,195
  25,674
  28,272
  30,988
  33,822
  36,775
  39,848
  43,045
  46,368
  49,821
  53,410
  57,139
  61,016
  65,046
  69,239
  73,602
  78,143
  82,874
  87,804
  92,943
  98,304
  103,899
  109,741
  115,842
  122,218
Total liabilities and equity, $m
  32,286
  37,010
  42,067
  47,452
  53,156
  59,172
  65,495
  72,122
  79,051
  86,280
  93,813
  101,653
  109,808
  118,285
  127,094
  136,250
  145,763
  155,653
  165,934
  176,630
  187,760
  199,345
  211,413
  223,989
  237,100
  250,776
  265,049
  279,951
  295,515
  311,781
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
  5,401
  5,985
  6,598
  7,241
  7,912
  8,613
  9,097
  9,857
  10,648
  11,470
  12,324
  13,212
  14,134
  15,093
  16,090
  17,127
  18,207
  19,330
  20,500
  21,720
  22,991
  24,317
  25,701
  27,146
  28,656
  30,233
Funds from operations, $m
  3,770
  4,198
  4,655
  5,139
  5,652
  6,192
  6,758
  7,350
  7,969
  8,615
  9,220
  9,919
  10,646
  11,377
  12,136
  12,925
  13,745
  14,598
  15,485
  16,407
  17,367
  18,367
  19,409
  20,495
  21,627
  22,809
  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
  10,201
  10,939
  11,681
  12,453
  13,254
  14,088
  14,954
  15,854
  16,792
  17,768
  18,784
  19,843
  20,947
  22,099
  23,301
  24,556
  25,867
  27,237
  28,669
Maintenance CAPEX, $m
  -2,707
  -3,131
  -3,589
  -4,079
  -4,601
  -5,154
  -5,738
  -6,351
  -6,994
  -7,665
  -8,366
  -9,097
  -9,857
  -10,648
  -11,470
  -12,324
  -13,212
  -14,134
  -15,093
  -16,090
  -17,127
  -18,207
  -19,330
  -20,500
  -21,720
  -22,991
  -24,317
  -25,701
  -27,146
  -28,656
New CAPEX, $m
  -2,116
  -2,290
  -2,452
  -2,611
  -2,765
  -2,917
  -3,066
  -3,213
  -3,359
  -3,505
  -3,652
  -3,801
  -3,954
  -4,110
  -4,271
  -4,439
  -4,613
  -4,795
  -4,985
  -5,185
  -5,396
  -5,617
  -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
  -7,366
  -8,071
  -8,804
  -9,564
  -10,353
  -11,170
  -12,018
  -12,898
  -13,811
  -14,758
  -15,741
  -16,763
  -17,825
  -18,929
  -20,078
  -21,275
  -22,523
  -23,824
  -25,181
  -26,597
  -28,077
  -29,622
  -31,237
  -32,926
  -34,693
  -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
  -3,975
  -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
  5,784
  6,013
  6,252
  6,503
  6,767
  7,044
  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
  3,641
  3,875
  4,119
  4,372
  4,636
  4,913
  5,202
  5,505
  5,822
  6,155
  6,503
  6,869
  7,253
  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
  8,997
  9,441
  9,903
  10,385
  10,888
  11,416
  11,969
  12,549
  13,159
  13,801
  14,475
  15,184
  15,931
  16,717
  17,544
  18,414
Total cash flow (excl. dividends), $m
  3,091
  3,308
  3,525
  3,737
  3,944
  4,146
  4,345
  4,542
  4,737
  4,932
  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
  8,497
  8,864
  9,250
  9,658
  10,088
  10,541
Retained Cash Flow (-), $m
  -1,719
  -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
  -3,641
  -3,875
  -4,119
  -4,372
  -4,636
  -4,913
  -5,202
  -5,505
  -5,822
  -6,155
  -6,503
  -6,869
  -7,253
  -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
  2,098
  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
  697
  607
  523
  445
  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 ADR (KT)

Valuation Ratios
P/E Ratio 5.7
Price to Sales 0.2
Price to Book 0.4
Price to Tangible Book
Price to Cash Flow 0.9
Price to Free Cash Flow 2.6
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 $21821.5038934 million for the last fiscal year's total revenue generated by KT ADR. The default revenue input number comes from 0001 income statement of KT ADR. 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 ADR, 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 ADR.
    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 ADR.

Corporate tax rate of 27% is the nominal tax rate for KT ADR. 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 ADR 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 ADR - 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 168.398 million for KT ADR 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 ADR at the current share price and the inputted number of shares is $2.4 billion.

RELATED COMPANIES Price Int.Val. Rating
SKM SK Telecom ADR 25.82 139.51  str.buy
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CHT Chunghwa Telec 34.07 207.30  str.buy
PHI PLDT ADR 22.56 225.32  str.buy

COMPANY NEWS

▶ KT Corp. to Open Virtual Reality (VR) Center in Malaysia   [Oct-31-18 02:59AM  PR Newswire]
▶ KT Corp. Wins Second Smart Meter Project in Uzbekistan   [Oct-19-18 06:36AM  PR Newswire]
▶ KT Runs Special Promo on Top-Up SIM Card for Visitors   [Oct-12-18 01:00AM  PR Newswire]
▶ KT to Open AI Hotels, Smart Cities in SE Asia with HBC   [Oct-11-18 04:31AM  PR Newswire]
▶ KT SAT to Host First Satellite Conference in South Korea   [Sep-27-18 02:22AM  PR Newswire]
▶ KT's AR Market Wins OVUM's Best Innovation of the Month   [Sep-17-18 02:51AM  PR Newswire]
▶ KT's Nasmedia Opens Thai Entity for Digital Advertising   [Aug-29-18 04:00AM  PR Newswire]
▶ KT Corp. Brings 5G to Indonesia   [Aug-20-18 07:08AM  PR Newswire]
▶ KT Corp. Brings 5G to Indonesia   [06:51AM  PR Newswire]
▶ KT Joins Philippines's $1.8 Bln Broadband Project   [Aug-17-18 09:36AM  PR Newswire]
▶ KT Offers Special Discount on SIMs and WiFi for Visitors   [Aug-09-18 09:00AM  PR Newswire]
▶ KT Corp. Unveils New AI Hotel in South Korea   [Aug-06-18 05:56AM  PR Newswire]
▶ KT Corporation Reveals Its Own Network Blockchain   [Jul-26-18 07:00AM  Market Exclusive]
▶ KT Predicts 5G to Create US$42.2 Bn for S. Korea in 2030   [Jul-19-18 06:40AM  PR Newswire]
▶ KT Drives Global Expansion with Europe's albis-elcon   [Jul-16-18 03:04AM  PR Newswire]
▶ KT Unveils 5G Emergency Rescue Platform 'SKYSHIP'   [Jul-05-18 07:43AM  PR Newswire]
▶ KT SAT Eyes SE Asian Market at CommunicAsia 2018   [Jun-27-18 07:49AM  PR Newswire]
▶ KT Corp. Launches Digital Healthcare System in Russia   [Jun-26-18 07:35AM  PR Newswire]
▶ KT Spearheads Global Initiative for 5G Standardization   [Jun-19-18 07:11AM  PR Newswire]
▶ KT Wins Three TechXLR8 Awards for its Global Excellence   [Jun-15-18 01:39PM  PR Newswire]
▶ 20 Stocks With Renewed Bull Cases After Trump-Kim Summit   [Jun-13-18 03:23PM  InvestorPlace]
▶ KT Group Brings New Hope to Philippine Community   [Jun-04-18 03:58AM  PR Newswire]
▶ Does KT Corporation (NYSE:KT) Have A Place In Your Portfolio?   [May-28-18 09:29AM  Simply Wall St.]
▶ KT Showcases 5G Innovation at the World IT Show 2018   [May-23-18 05:48AM  PR Newswire]
▶ KT Corp. Files 2017 Annual Report on Form 20-F   [May-09-18 04:51AM  PR Newswire]
▶ ETFs with exposure to KT Corp. : December 12, 2017   [Dec-12-17 01:30PM  Capital Cube]
▶ ETFs with exposure to KT Corp. : November 30, 2017   [Nov-30-17 02:03PM  Capital Cube]
▶ ETFs with exposure to KT Corp. : October 12, 2017   [Oct-12-17 10:38AM  Capital Cube]
▶ KT Getting Closer To Key Technical Measure   [Aug-29-17 03:00AM  Investor's Business Daily]
▶ KT Corp filed its FY2016 Annual Report on Form 20-F   [May-23-17 10:24PM  PR Newswire]
▶ [$$] What JPMorgan's Telcos Guru Likes Right Now   [May-03-17 09:32PM  Barrons.com]
▶ Here Are 5 Ways to Profit From a Breakout Telecom Sector   [Jan-18-17 06:02AM  TheStreet.com]
▶ New Strong Sell Stocks for January 13th   [Jan-13-17 11:05AM  Zacks]
▶ Is HD Supply Holdings Inc (HDS) Worthy Of Your Portfolio?   [Dec-08-16 01:24PM  Insider Monkey]

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