Discounted Cash Flow

KB Financial Group Inc. ADR

KB · Based on 10 years of SEC filings · Converted from KRW to USD

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $7.4t $1.5b $793.1m 0.0% $5588.00
2017 $10.2t (36.9%) $2.2m (-99.9%) $-3.2m (-100.4%) 0.0% (-99.9%) $7.78 (-99.9%)
2018 $10.9t (6.5%) $1.9m (-11.3%) $-5.7m (-77.7%) 0.0% (-16.8%) $6.94 (-10.8%)
2019 $11.4t (5.3%) $2.0m (4.2%) $5.7m (201.1%) 0.0% (-1.0%) $7.31 (5.3%)
2020 $12.5t (9.3%) $2.2m (11.0%) $-7.5m (-230.6%) 0.0% (1.6%) $8.11 (10.9%)
2021 $14.5t (15.9%) $2.6m (16.9%) $-4.0m (46.8%) 0.0% (0.9%) $9.39 (15.8%)
2022 $15.0t (3.7%) $2.5m (-6.2%) $-347.5m (-8622.1%) 0.0% (-9.5%) $8.69 (-7.5%)
2023 $16.2t (8.1%) $2.5m (2.9%) $-477.6m (-37.4%) 0.0% (-4.8%) $8.97 (3.2%)
2024 $20.6b (-99.9%) $2.4m (-4.2%) $2.4m (100.5%) 0.0% (75232.7%) $8.72 (-2.8%)
2025 $9.0b (-56.1%) $5.1m (112.0%) $5.1m (112.0%) 0.1% (383.4%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

SEC filings report in KRW. Values above are converted to USD for comparison with the US-listed share price.

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model