Kkr & Co. Inc.

Finance
Investment Managers
www.kkr.com

Earnings Score
Moat Score

Market Cap $140.23B
PE 47
Debt $NaN
Cash $14.96B
EV $NaN
FCF $NaN

Earnings

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Sales & Net Margins

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Earnings	$2.99B
EBIT	$6.09B
ROE	5%
ROA	2%
Equity	$60.48B
Growth Stability	-36%
PE	46.88
PEG	20.16
PB	2.32
P/S	6.08
Price/Cash	0.11
Net Margins	10%
Op. Margins	26%
Earnings CAGR	13%
Sales Growth YoY	45%
Sales Growth QoQ	15%
Sales CAGR	59%
Equity CAGR	37%
Earnings Stability	0.23
Earnings Growth YoY	-59%

Earnings Growth QoQ	-10%
Earnings CAGR 5Y	2%
Sales CAGR 5Y	47%
Equity CAGR 5Y	16%
Earnings CAGR 3Y	32%
Sales CAGR 3Y	32%
Equity CAGR 3Y	3%
Market Cap	$140.23B
Revenue	$23.05B
Dividend Yield	0%
Payout Ratio	20%
Assets	$360.66B
Cash	$14.96B
Shares Outstanding	887.45M
Earnings Score	12%
Moat Score	56%
Shares Growth 3y	1%
Equity Growth QoQ	6%
Equity Growth YoY	-1%

Assets & ROA

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Stockholders Equity & ROE

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KKR is one of the world's largest alternative asset managers, with $470.6 billion in total assets under management, including $357.4 billion in fee-earning AUM, at the end of 2021. The company has two core segments: asset management (which includes private markets--private equity, credit, infrastructure, energy and real estate--and public markets-- primarily credit and hedge/investment fund platforms) and insurance (following the February 2021 purchase of a 61.5% economic stake in Global Atlantic Financial Group, which is engaged in retirement/annuity and life insurance lines as well as reinsurance). On the asset management side, private markets accounts for 43% of fee-earning AUM and 67% of base management fees, while public markets account for 57% and 33%, respectively.

SEC Filings

Direct access to Kkr & Co. Inc. (KKR) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Kkr & Co. Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Kkr & Co. Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 13%

Stability 23%

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Kkr & Co. Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Kkr & Co. Inc..

Years

Calculation mode

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
DCF		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Value	$0

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.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	256%	435%	14%	28%	46%	47%	46%	28%	-18%	25%	10%
ROA	-	8%	5%	8%	6%	10%	8%	-	-0%	2%	2%
ROE	-	9%	5%	5%	5%	6%	5%	8%	-2%	6%	5%

Good Net Margins (10.48%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

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.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	87.11	-11.49	-5.75	-2.94	-4.62	-5.62	-5.14	-	-	-
Debt over Equity	2.05	3.39	3.14	1.07	0.93	0.89	0.82	0.64	-	-	-
Growth Stability	-	-	-	100%	100%	100%	100%	100%	-36%	100%	-36%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (-36%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

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.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-40%	2K%	74%	-33%	76%	0%	284%	-65%	153%	47%
Earnings YoY growth	-	2%	-41%	243%	11%	80%	-1%	134%	-122%	-460%	2%
Equity YoY growth	-	3%	7%	238%	21%	26%	34%	42%	-8%	8%	16%
FCF YoY growth	-	-83%	-852%	129%	107%	-24%	1%	20%	-26%	-	-