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KKR & Co. Inc. (KKR)

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133.28 +2.38 (+1.82%)
At close: October 4 at 4:00 PM EDT
133.34 +0.06 (+0.05%)
After hours: October 4 at 7:24 PM EDT
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DELL
  • Previous Close 130.90
  • Open 133.16
  • Bid 128.87 x 800
  • Ask 133.35 x 1000
  • Day's Range 131.68 - 133.53
  • 52 Week Range 53.72 - 134.85
  • Volume 2,018,605
  • Avg. Volume 3,227,087
  • Market Cap (intraday) 122.885B
  • Beta (5Y Monthly) 1.62
  • PE Ratio (TTM) 31.58
  • EPS (TTM) 4.22
  • Earnings Date Nov 6, 2024 - Nov 10, 2024
  • Forward Dividend & Yield 0.70 (0.53%)
  • Ex-Dividend Date Aug 12, 2024
  • 1y Target Est 139.99

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. For middle market it seeks to invest in companies with enterprise values between $200 million to $1000 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.

www.kkr.com

4,490

Full Time Employees

December 31

Fiscal Year Ends

Recent News: KKR

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Performance Overview: KKR

Trailing total returns as of 10/4/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

KKR
61.67%
S&P 500
20.57%

1-Year Return

KKR
127.59%
S&P 500
35.98%

3-Year Return

KKR
122.52%
S&P 500
31.99%

5-Year Return

KKR
449.94%
S&P 500
97.59%

Compare To: KKR

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Statistics: KKR

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Valuation Measures

Annual
As of 10/4/2024
  • Market Cap

    118.28B

  • Enterprise Value

    54.25B

  • Trailing P/E

    31.58

  • Forward P/E

    21.41

  • PEG Ratio (5yr expected)

    0.92

  • Price/Sales (ttm)

    5.74

  • Price/Book (mrq)

    5.46

  • Enterprise Value/Revenue

    2.54

  • Enterprise Value/EBITDA

    5.17

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    14.58%

  • Return on Assets (ttm)

    1.91%

  • Return on Equity (ttm)

    10.17%

  • Revenue (ttm)

    26.61B

  • Net Income Avi to Common (ttm)

    3.86B

  • Diluted EPS (ttm)

    4.22

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    40.71B

  • Total Debt/Equity (mrq)

    86.65%

  • Levered Free Cash Flow (ttm)

    --

Research Analysis: KKR

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Earnings Per Share

Consensus EPS
 

Revenue vs. Earnings

Revenue 5.06B
Earnings 667.93M
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Analyst Price Targets

107.00 Low
139.99 Average
133.28 Current
158.00 High
 

Company Insights: KKR

Research Reports: KKR

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  • For the first time since late 2023/early 2024, WTI (at around $71.30/barrel) is starting to look interesting for a number of reasons.

    For the first time since late 2023/early 2024, WTI (at around $71.30/barrel) is starting to look interesting for a number of reasons. Crude fell to $68 in December 2023, drifted sideways-to-higher until February, and then rallied to almost $88 by April. Since then, oil has been in what looks like an ABC or three-wave decline, dropping to a recent low of $65 on September 10. That was the lowest price since May 2023. After peaking in March 2022 just above $130, crude has been range trading between $64 and $95 for the past two years. Back in late 2023/early 2024, the Commitment of Traders (COT) data on oil became very bullish for the first time since the summer of 2023, with commercial hedgers having a relatively high net futures position and large speculators having a low net futures position. That same positioning has occurred over the past couple of weeks. In the very near term, $72 is important resistance as a jump above that price would represent a false breakdown, would break the bearish trendline off the peak since August 12, and would represent a 38.2% retracement of the decline since early July. There are many pieces of potential chart, moving-average, and retracement resistance from $72 to $80. The recent low of $65 is key chart support. Sentiment toward WTI is close to pessimistic, another potential contrarian positive. One of the few negatives is that October and November are the worst two months for oil when looking back over 30 years. Still, seasonality historically is supposed to be bullish from March to September -- and it certainly wasn't in 2024. (Mark Arbeter, CMT)

     
  • Tuesday was another mixed day for stocks, as investors waited for quarterly numbers from Nvidia, the "King of AI."

    Tuesday was another mixed day for stocks, as investors waited for quarterly numbers from Nvidia, the "King of AI." Most indicators that we have seen (the index charts, the mega-cap charts, market breadth, long-term momentum) and many other technical gauges and studies point to further gains for the bull market and the leaders that got us here -- the Technology stocks. Seasonality, as we have said, is still an unknown based on the month of September and its tough history. One other bullish indicator comes in the form of the renewed interest in "other" areas of the market. Long-forgotten stocks in many sectors, industries, and market caps have come to life -- and that can go a long way in extending the current advance. It also alleviates a lot of fears about market breadth and a market that has been led by only a few heavyweights. Indeed, the major complaint about the bull market since 2022 has been that only a few stocks have accounted for a large proportion of the gains in the major indices. In 2024, all 11 S&P 500 sectors have year-to-date gains between 4.4% and 21%. At the top of the list, we have Communication Services and Utilities, both up 21%; Financial tacking on 20%; Consumer Staples and Technology rising 16%; Healthcare popping 15%; Industrials gaining 14%; and Real Estate, Materials, and Energy all climbing about 10%. At the bottom is Consumer Discretionary, up 4% due to TSLA's 16% drop. That stock had a massive run from 2019 until 2021 but hasn't gone anywhere since late 2020. (Mark Arbeter, CMT)

     
  • KKR Posting Slightly Better-Than-Expected Results as the Equity and Credit Markets Recover

    KKR is one of the world's largest alternative asset managers, with $601.3 billion in total managed assets, including $487.3 billion in fee-earning AUM, at the end of June 2024. 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 firm's initial investment in, and then ultimate purchase of, Global Atlantic Financial Group, which is engaged in retirement/annuity and life insurance lines as well as reinsurance).

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  • Raising target as solid fundraising continues

    Founded in 1976, KKR & Co. is a leading global investment management firm. KKR manages assets through a variety of investment funds and accounts covering multiple asset classes, mostly private equity. It seeks to create value by bringing operational expertise to its portfolio companies and through the active oversight and monitoring of its investments.

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