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Kkr & Co. Inc.

KKR

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Mkt Cap

$93.32B

PE

22.74

Debt

-

Cash

$16.17B

EV

-

FCF

-

Market Cap

$93.32B

P/E Ratio

22.74

Debt

-

Cash

$16.17B

EV

-

FCF

-
Charts data: {"Earnings":[{"time":"2014-12-30","value":477611000},{"time":"2015-12-30","value":488482000},{"time":"2016-12-30","value":287072000},{"time":"2017-12-30","value":984941000},{"time":"2018-12-30","value":1097699000},{"time":"2019-12-30","value":1971685000},{"time":"2020-12-30","value":1945954000},{"time":"2021-12-30","value":4560829000},{"time":"2022-12-30","value":-1023528000},{"time":"2023-12-30","value":3680514000}],"Sales":[{"time":"2014-12-30","value":186876000},{"time":"2015-12-30","value":112328000},{"time":"2016-12-30","value":2040018000},{"time":"2017-12-30","value":3557280000},{"time":"2018-12-30","value":2395836000},{"time":"2019-12-30","value":4220900000},{"time":"2020-12-30","value":4230891000},{"time":"2021-12-30","value":16236148000},{"time":"2022-12-30","value":5721195000},{"time":"2023-12-30","value":14499312000}],"Net Margins":[{"time":"2014-12-30","value":2.555764250090969},{"time":"2015-12-30","value":4.348710918025781},{"time":"2016-12-30","value":0.14072032697750705},{"time":"2017-12-30","value":0.2768803692709036},{"time":"2018-12-30","value":0.45816950742872214},{"time":"2019-12-30","value":0.4671243099812836},{"time":"2020-12-30","value":0.45993952574055913},{"time":"2021-12-30","value":0.28090585279217706},{"time":"2022-12-30","value":-0.17890108622411927},{"time":"2023-12-30","value":0.253840596022763}],"Assets":[{"time":"2014-12-30","value":65872745000},{"time":"2015-12-30","value":71057759000},{"time":"2016-12-30","value":39002897000},{"time":"2017-12-30","value":45834719000},{"time":"2018-12-30","value":50743375000},{"time":"2019-12-30","value":60899319000},{"time":"2020-12-30","value":79806502000},{"time":"2022-12-30","value":275346636000},{"time":"2023-12-30","value":317294194000}],"Stockholders Equity":[{"time":"2014-12-30","value":5382691000},{"time":"2015-12-30","value":5547182000},{"time":"2016-12-30","value":5939833000},{"time":"2017-12-30","value":20052260000},{"time":"2018-12-30","value":24259968000},{"time":"2019-12-30","value":30502374000},{"time":"2020-12-30","value":40799916000},{"time":"2021-12-30","value":58056729000},{"time":"2022-12-30","value":53506820000},{"time":"2023-12-30","value":57763485000}],"ROE":[{"time":"2014-12-30","value":0.08873089686924254},{"time":"2015-12-30","value":0.08805948678085558},{"time":"2016-12-30","value":0.04832997830073674},{"time":"2017-12-30","value":0.0491187028295065},{"time":"2018-12-30","value":0.04524733915559988},{"time":"2019-12-30","value":0.06464037848332724},{"time":"2020-12-30","value":0.04769504917608164},{"time":"2021-12-30","value":0.07855814611946188},{"time":"2022-12-30","value":-0.01912892599485449},{"time":"2023-12-30","value":0.06371696583057619}],"ROA":[{"time":"2014-12-30","value":0.08768240946995605},{"time":"2015-12-30","value":0.08324064934274102},{"time":"2016-12-30","value":0.045257612530679454},{"time":"2017-12-30","value":0.07839616077934283},{"time":"2018-12-30","value":0.061739626108827016},{"time":"2019-12-30","value":0.10200181384622709},{"time":"2020-12-30","value":0.08391003028800836},{"time":"2022-12-30","value":-0.003846787508963792},{"time":"2023-12-30","value":0.020657828362280087}]}

KKR & Co. Inc. 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. Inc. was founded in 1976 and is based in New York, New York with additional offices across North America, Europe, Australia, Sweden and Asia.

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In the chart Earnings are multiplied by this value.

Earnings Growth 28%
Earnings Stability 27%


Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years12-201512-201612-201712-201812-201912-202012-202112-202212-2023TTM
Net Margin430%14%28%46%47%46%28%-18%25%20%
ROA8.3%4.5%7.8%6.2%10%8.4%--0.38%2.1%2.2%
ROE8.8%4.8%4.9%4.5%6.5%4.8%7.9%-1.9%6.4%7.3%

What is the average Net Margin?

The average Net Margin over the past 5 years is +29.02%.

What is the trend of Net Margin?

The trend of Net Margin over the past 5 years is -8.97%.

What is the average Return on Assets (ROA)?

The average ROA over the past 5 years is +5.29%.

What is the trend of Return on Assets (ROA)?

The trend of ROA over the past 5 years is -1.61%.

What is the average Return on Equity (ROE)?

The average ROE over the past 5 years is +4.68%.

What is the trend of Return on Equity (ROE)?

The trend of ROE over the past 5 years is -0.37%.


Safety & Stabiliy

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years12-201512-201612-201712-201812-201912-202012-202112-202212-2023TTM
Debt FCF87.11-11.49-5.75-2.94-4.62-5.62-5.14---
Debt Equity3.393.141.070.930.890.820.64---
MIN
Graham Stability--100%100%100%100%100%-36%100%-36%

What is the Debt/FCF?

The Debt/FCF trailing twelve month is -.

What is the trend of Debt/FCF?

The trend of Debt/FCF over the past 5 years is -0.76.

What is the Graham’s Stability?

Graham’s Stability measure stands at -0.36.


Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years12-201612-201812-202012-2022Trend
Revenue32%43%51%150%-69%
Net Income44%27%24%-11%
Stockholders Equity38%19%12%8%-6.7%
FCF-----

What is the 5 year Revenue CAGR?

The Revenue CAGR over the past 5 years is +43.34%.

What is the trend of Revenue growth?

The trend of Revenue growth rate over the past 5 years is -68.63%.

What is the 5 year Earnings CAGR?

The Earnings CAGR over the past 5 years is +27.38%.

What is the trend of Earnings growth?

The trend of Earnings growth rate over the past 5 years is +11.17%.

What is the 5 year Equity CAGR?

The Equity CAGR over the past 5 years is +18.95%.

What is the trend of Equity growth?

The trend of Equity growth rate over the past 5 years is -6.72%.

What is the 5 year FCF CAGR?

The FCF CAGR over the past 5 years is -.

What is the trend of FCF growth?

The trend of FCF growth rate over the past 5 years is -.