Stocks KB Financial statements
Financial statementsKB Financial Group Inc. financial statements
Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data KB Financial Group Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
| FY2009 | FY2010 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Selling, general and administrative | 737 | 814 | ||||||||
| General and administrative | 5,273 | 5,318 | 5,427 | 6,291 | 6,074 | 5,982 | ||||
| Operating income | 3,762 | 3,835 | 3,886 | 4,250 | 5,143 | 4,475 | 4,985 | 5,444 | ||
| Interest expense | 7,074 | 6,165 | ||||||||
| Other non-operating income | 115 | 30.6 | 37.5 | 134 | ||||||
| Pre-tax income | 796 | -255 | 3,877 | 3,865 | 3,924 | 4,384 | 5,130 | 4,599 | 4,780 | 4,727 |
| Income tax | 178 | 269 | 745 | 1,114 | 1,057 | 1,160 | 1,432 | 1,287 | 1,245 | 1,324 |
| Net income to minority interests | -1.78 | -3.9 | 30 | 0.68 | 1.19 | 43.4 | -21.2 | -176 | -53.1 | -33.6 |
| Net income | 619 | -520 | 3,102 | 2,751 | 2,866 | 3,181 | 3,720 | 3,487 | 3,588 | 3,436 |
| EPS, basic | 1.90 | -1.52 | 7.78 | 6.94 | 7.31 | 8.11 | 9.39 | 8.69 | 8.97 | 8.72 |
| EPS, diluted | 1.90 | -1.52 | 7.74 | 6.90 | 7.26 | 8.01 | 9.19 | 8.49 | 8.76 | 8.61 |
| Shares, basic (weighted) | 325 | 343 | ||||||||
| Shares, diluted (weighted) | 325 | 343 |
Balance sheet
| FY2009 | FY2010 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 2,384 | 3,421 | 7,553 | 5,749 | 5,638 | 7,326 | 20,055 | 20,554 | 17,476 | 16,652 |
| Property, plant and equipment | 1,390 | 1,307 | 3,936 | 3,839 | 4,386 | 5,003 | 4,420 | 3,961 | 3,831 | 3,647 |
| Goodwill | 498 | 518 | ||||||||
| Intangible assets | 164 | 244 | ||||||||
| Total assets | 218,154 | 222,671 | 409,198 | 430,955 | 448,772 | 562,256 | 560,013 | 556,405 | 554,419 | 512,799 |
| Total liabilities | 203,050 | 207,603 | 377,303 | 398,864 | 414,916 | 522,333 | 519,276 | 517,012 | 508,815 | 472,325 |
| Total debt | 45,877 | 48,007 | 56,910 | 53,900 | ||||||
| Paid-in capital | 6,188 | 6,377 | ||||||||
| Retained earnings | 9,262 | 8,931 | 14,094 | 15,530 | 17,058 | 20,732 | 21,656 | 22,573 | 24,810 | 23,553 |
| Treasury stock | -2,248 | -2,313 | ||||||||
| Other comprehensive income | 210 | 330 | ||||||||
| Shareholders' equity | 15,073 | 15,033 | 31,889 | 32,083 | 33,349 | 39,134 | 40,034 | 38,378 | 44,098 | 39,171 |
| Minority interests | 31.5 | 34.5 | 5.76 | 8.19 | 507 | 790 | 703 | 1,016 | 1,505 | 1,303 |
| Total equity | 15,546 | 15,068 | 30,592 | 30,908 | 36,018 | 36,611 | 38,323 | 41,913 | 39,676 | 40,474 |
| Total liabilities and equity | 218,154 | 222,671 | 409,198 | 430,955 | 448,772 | 562,256 | 560,013 | 556,405 | 554,419 | 512,799 |
| Shares outstanding | 343 | 343 |
Cash flow statement
| FY2009 | FY2010 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | 618 | -524 | 3,132 | 2,751 | 2,867 | 3,225 | 3,698 | 3,312 | 3,535 | 3,403 |
| Depreciation and amortization | 370 | 318 | ||||||||
| Stock-based compensation | 19.8 | 4.25 | ||||||||
| Cash from operations | 3,334 | 3,835 | -4,531 | -8,049 | 8,136 | -10,626 | -5,652 | 4,512 | 3,183 | 2,720 |
| Capital expenditures | -161 | -106 | -280 | -406 | -527 | -391 | -242 | -236 | -271 | -228 |
| Acquisitions | 4.73 | |||||||||
| Sales and maturities of investments | 25,298 | 17,742 | ||||||||
| Cash from investing | -4,094 | -1,886 | -8,178 | -4,026 | -10,675 | -10,117 | -3,253 | -16,097 | -2,726 | -2,588 |
| Share buybacks | -1.97 | -174 | -202 | -237 | 0 | -443 | -555 | |||
| Dividends paid | -69.8 | -471 | -689 | -658 | -793 | -582 | -677 | -438 | ||
| Cash from financing | 489 | -895 | 13,761 | 10,553 | 1,971 | 23,259 | 9,128 | 12,156 | -960 | -1,342 |
| Exchange rate effect | -54.1 | -17.9 | -125 | -61.1 | 119 | -158 | 133 | 135 | -45.3 | 386 |
| Net change in cash | -325 | 1,036 | 928 | -1,583 | -449 | 2,358 | 357 | 706 | -549 | -824 |
| Free cash flow | 3,174 | 3,729 | -4,810 | -8,456 | 7,609 | -11,017 | -5,894 | 4,276 | 2,912 | 2,492 |
| Interest paid | 8,055 | 6,268 | ||||||||
| Income taxes paid | -112 | -32.6 |
Key metrics
Profitability
| Metric | Value | How it is calculated |
|---|---|---|
| Effective tax rate | 28.0% | Income tax / pre-tax income, when pre-tax income is positive. |
| Return on equity (ROE) | 8.3% | Net income / average shareholders' equity (opening and closing). Not shown when equity is negative. |
| Return on assets (ROA) | 0.6% | Net income / average total assets. |
| Return on invested capital (ROIC) | 7.6% | Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%. |
Growth
| Metric | Value | How it is calculated |
|---|---|---|
| Operating income growth, 1y | 9.2% | Operating income vs the same period a year earlier. Only from a positive base. |
| Operating income CAGR, 3y | 1.9% | Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Operating income CAGR, 5y | 7.0% | Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Net income growth, 1y | -4.2% | Net income vs the same period a year earlier. Only from a positive base. |
| Net income CAGR, 3y | -2.6% | Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Net income CAGR, 5y | 3.7% | Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| EPS growth, 1y | -1.7% | EPS vs the same period a year earlier. Only from a positive base. |
| EPS CAGR, 3y | -2.1% | Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| EPS CAGR, 5y | 3.5% | Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Operating cash flow growth, 1y | -14.5% | Operating cash flow vs the same period a year earlier. Only from a positive base. |
| Operating cash flow CAGR, 5y | -19.7% | Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Free cash flow growth, 1y | -14.4% | Free cash flow vs the same period a year earlier. Only from a positive base. |
| Free cash flow CAGR, 5y | -20.0% | Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Book value growth, 1y | -11.2% | Book value vs the same period a year earlier. Only from a positive base. |
| Book value CAGR, 3y | -0.7% | Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Book value CAGR, 5y | 3.3% | Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Total assets growth, 1y | -7.5% | Total assets vs the same period a year earlier. Only from a positive base. |
| Total assets CAGR, 3y | -2.9% | Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Total assets CAGR, 5y | 2.7% | Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
Balance sheet health
| Metric | Value | How it is calculated |
|---|---|---|
| Liabilities / assets | 92.1% | Total liabilities / total assets. |
| Tangible book value | $39.17B | Shareholders' equity - goodwill - intangible assets. |
Efficiency
| Metric | Value | How it is calculated |
|---|---|---|
| FCF conversion | 72.5% | Free cash flow / net income, when net income is positive. |
| Capex / operating cash flow | 8.4% | Capital expenditures / cash from operations, when that is positive. |
Per share
| Metric | Value | How it is calculated |
|---|---|---|
| EPS, diluted | $8.61 | Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS. |
| EPS, basic | $8.72 | Net income per basic share, as reported (split-adjusted). |
| Buybacks / FCF | 22.3% | Share buybacks / free cash flow, when free cash flow is positive. |
Valuation
| Metric | Value | How it is calculated |
|---|---|---|
| Market cap | $45.63B | Share price x shares outstanding. |
| Enterprise value | $28.98B | Market cap + total debt - cash - short-term investments. |
| P/E | 13.3x | Market cap / net income. Only when net income is positive. |
| P/B | 1.17x | Market cap / shareholders' equity. Only when equity is positive. |
| Price / tangible book | 1.17x | Market cap / tangible book value, when positive. |
| P/FCF | 18.3x | Market cap / free cash flow. Only when free cash flow is positive. |
| P/OCF | 16.8x | Market cap / cash from operations, when positive. |
| EV/EBIT | 5.32x | Enterprise value / operating income, when both are positive. |
| EV/FCF | 11.6x | Enterprise value / free cash flow, when both are positive. |
| FCF yield | 5.5% | Free cash flow / market cap. |
| Earnings yield | 7.5% | Net income / market cap (the inverse of P/E). |
| Shareholder yield | 1.2% | (Dividends paid + share buybacks) / market cap. |
Was KB Financial Group Inc. profitable in fiscal 2024?
Yes. Net income was $3.44B, a net margin of -.
How much free cash flow did KB Financial Group Inc. generate in fiscal 2024?
Cash from operations of $2.72B minus capital expenditures of $228.2M left free cash flow of $2.49B.