Report
Dan Baker
EUR 101.80 For Business Accounts Only

KT’s Fourth Quarter Slows Down but Still Looks Undervalued

KT reported a slightly disappointing result in the fourth quarter, with services revenue down 0.3%, operating earnings down 15.3%, and net income down 196%. However, results for the full year showed pleasing recovery, with services revenue up 2.5%, operating income up 11.4%, and net income up 29%. Net debt/EBITDA has decreased from a peak of over 4 times at the end of 2014 to a more manageable 1.1 times, owing to the sale of noncore assets and improved profitability over the past two years. This...
Underlying
KT Corp (ADR)

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Dan Baker

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