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KT Corporation (030200) KRW

KT Corporation is a South Korean telecommunications provider offering mobile, fixed-line, broadband, and data services, along with media, content, and IT solutions. It also operates in areas such as satellite services, credit card processing, and real estate development.

At a glance: strengths & risks
✗Revenue declining (-10% y/y, Q2 2026)✗Profit falling (-36% y/y, Q2 2026)✗Margins compressing (27%→24%, Q2 2026)

Sector: Telecom

KR_030200

Price chart

50 400 KRWDay -0.20%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
50 400 KRW · -0.20%
Market cap
12027.1 bn KRW

Growth

Δ revenue y/y
-10.1%
Δ EBITDA y/y
-20.6%

Multiples

P/E (LTM)
9.3x
3y avg: 13.5x
P/B (FY)
0.6x
P/E (ann.)
6.8x
EV/EBITDA (LTM)
3.5x
3y avg: 3.3x
EV/EBITDA (ann.)
3.2x

Cash return

Dividend yield
4.8%
FCF yield (LTM)
33.1%

Value creation

fundamental value/yr, % of market cap
Value created / year
-82.0%
↓ details

Liquidity

Daily turnover (listing)
24.9 bln KRW

Shares: connector/market_inputs

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in T KRW, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueT KRWOperating profitT KRWD&AT KRWEBITDAT KRWNet profitT KRWOperating CFT KRWCapex + M&AT KRWAssetsT KRWEquityT KRWROE (annualized)Net debtT KRWSource
2026-06-30Q2 2026 (3M)OK6.7
y/y -10.1%
0.6
y/y -36.1%
0.9
y/y -4.6%
1.6
y/y -20.6%
0.4
y/y -36.0%
1.5-0.244.7
y/y 5.9%
20.4
y/y 8.2%
8.7%8.2DART
2026-03-31Q1 2026 (3M)OK6.8
y/y -1.0%
0.5
y/y -29.9%
1.0
y/y -0.9%
1.5
y/y -12.9%
0.4
y/y -34.7%
0.7-0.343.5
y/y 3.1%
20.0
y/y 9.0%
7.1%8.0DART
2025-12-31Q4 2025 (3M)OK6.8
y/y 4.1%
0.2
y/y 134.7%
1.0
y/y -0.2%
1.2
y/y 268.2%
0.1
y/y 117.0%
1.00.042.9
y/y 2.6%
19.5
y/y 8.1%
8.9%7.3DART
2025-09-30Q3 2025 (3M)OK7.1
y/y 7.1%
0.5
y/y 16.0%
1.0
y/y 0.3%
1.5
y/y 5.3%
0.4
y/y 9.6%
1.3-0.143.0
y/y 0.6%
19.3
y/y 0.4%
2.7%6.6DART
2025-06-30Q2 2025 (3M)OK7.4
y/y 13.5%
1.0
y/y 105.4%
1.0
y/y 1.2%
2.0
y/y 36.2%
0.7
y/y 75.0%
2.10.042.2
y/y -2.2%
18.9
y/y -0.6%
14.8%7.0DART
2025-03-31Q1 2025 (3M)OK6.8
y/y 2.9%
0.7
y/y 36.0%
1.0
y/y -0.5%
1.7
y/y 11.8%
0.5
y/y 43.8%
0.6-0.342.2
y/y -1.2%
18.3
y/y -1.3%
11.9%8.0DART
2024-12-31Q4 2024 (3M)OK6.6
y/y -1.7%
-0.7
y/y -346.6%
1.0
y/y —
0.3
y/y —
-0.7
y/y -1304.6%
0.70.041.9
y/y -1.9%
18.0
y/y -3.0%
2.5%6.8DART
2024-09-30Q3 2024 (3M)OK6.7
y/y -0.6%
0.5
y/y 44.2%
1.0
y/y 10.5%
1.4
y/y 19.4%
0.4
y/y 35.2%
1.20.042.8
y/y -2.8%
19.2
y/y 2.5%
2.5%5.8DART
2024-06-30Q2 2024 (3M)OK6.5
y/y -0.0%
0.5
y/y -14.3%
1.0
y/y —
1.5
y/y —
0.4
y/y -0.4%
2.10.043.1
y/y 8.5%
19.0
y/y 2.9%
8.4%6.4DART
2024-03-31Q1 2024 (3M)OK6.7
y/y 3.3%
0.5
y/y 4.2%
1.0
y/y —
1.5
y/y —
0.4
y/y 26.6%
1.1-0.342.7
y/y 6.2%
18.6
y/y 2.4%
8.1%7.2DART
2023-12-31Q4 2023 (3M)OK6.7
y/y —
0.3
y/y —
—
y/y —
—
y/y —
0.1
y/y —
1.00.042.7
y/y —
18.6
y/y —
5.4%7.3DART
2023-09-30Q3 2023 (3M)OK6.7
y/y —
0.3
y/y —
0.9
y/y —
1.2
y/y —
0.3
y/y —
1.80.044.0
y/y —
18.7
y/y —
1.9%7.2DART
2023-06-30Q2 2023 (3M)OK6.5
y/y —
0.6
y/y —
—
y/y —
—
y/y —
0.4
y/y —
1.8-0.139.8
y/y —
18.5
y/y —
8.6%8.2DART
2023-03-31Q1 2023 (3M)OK6.4
y/y —
0.5
y/y —
—
y/y —
—
y/y —
0.3
y/y —
0.9-0.440.2
y/y —
18.2
y/y —
—8.5DART

Net debt structure (leases included, IFRS 16) 2026-06-30

Short-term debt (incl. ST leases)4 179 481
Long-term debt (incl. LT leases)7 091 342
− Cash & equivalents3 049 813
Net debt8 221 010

Net debt / LTM EBITDA: 1.4x

Revenue & EBITDA

RevenueEBITDA

Quarterly values (KRW mln)

02 000 0004 000 0006 000 0008 000 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-100%0%100%200%300%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

FCF (KRW mln)

-2 000 000-1 000 00001 000 0002 000 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash (KRW mln)

02 000 0004 000 0006 000 0008 000 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Profit and cash

Worth a look
In a typical year of 2021–2025 operating cash flow came to 4.11x of reported net profit; after capex, 2.60x.
year20212022202320242025
cash flow / profit4.11x2.85x5.45x10.77x2.85x
accruals, % of assets—-5.7%-10.5%-11.0%-7.5%
Last twelve months (to 2026-06-30): 3.42x of profit came back as operating cash flow.
net debt / EBITDA 1.1x · capex 0.3x of depreciation
● Capex is 28% of depreciation - the asset base is being consumed faster than replaced.
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: -82.0%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-06-30 vs 2025-06-30)
= (1 593 482 − 2 005 816) × 3.63
-1 495 405
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (12 027 059 + 8 221 010) ÷ 5 779 057
3.5x
3. Target multiple
(Current EV/EBITDA + 8) ÷ 2
= (3.5 + 8) ÷ 2
5.8x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= -1 265 234 + 0 + 0 − 0
-1 265 234
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (-1 495 405 × 5.8 + -1 265 234) ÷ 12 027 059
-82.0%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

  • dividends/buybacks not in data - balance cash flow uses net-debt change only

Revenue growth & acceleration

Growth accelerating ▲
Last-year revenue growth +7% vs +0% the year before — a +6.7 pp move. 3-year CAGR +3%.
revenue growth by year: 2023 +3% · 2024 +0% · 2025 +7%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Peer comparison

Group: Telecom. Each peer is shown as it trades and re-priced onto this company's market (Korea) by the ratio of our coverage medians.

CompanyMarketCap, $bnEV/EBITDAEV/EBITDA, adjusted
Telkom IndonesiaIndonesia10.42.6x4.3x
America Movil (AMX)Mexico67.44.5x4.5x
e& (Etisalat Group)UAE49.46.4x4.8x
Telefonica Brasil (Vivo)Brazil19.94.5x4.9x
MTN GroupSouth Africa20.93.5x5.2x
MTSRussia4.63.5x6.5x
PLDTPhilippines4.35.6x7.3x
Globe TelecomPhilippines3.65.7x7.5x
du (EITC)UAE14.810.4x7.7x
Vodacom GroupSouth Africa18.05.3x7.8x
Kcell JSCKazakhstan2.813.7x16.0x
TIM S.A.Brazil44.016.6x18.0x
Group median5.4x6.9x
Group average6.9x7.9x
This companyKorea8.93.5x3.5x

Group median 5.4x as traded, 6.9x adjusted; this company 3.5x — a 49% discount.

Group average 6.9x as traded, 7.9x adjusted; against the average this company is at a 55% discount.

At the adjusted group median the market cap would be +156% versus today.

The gap and the implied upside are measured against the median: one richly priced peer moves an average, not a median. The market adjustment uses our coverage medians (US 21.9x, Russia 4.0x, South Africa 5.1x, Kazakhstan 6.4x, India 18.7x, Indonesia 4.6x); it is about where a name is listed, not what it does. Peer multiples come from the nightly rebuild of 2026-10-16; the company's own is live.

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-07-28600 KRWEx-dividend: 600 KRW per sharePaidYahoo Finance (ex-div)
2026-05-26600 KRWEx-dividend: 600 KRW per sharePaidYahoo Finance (ex-div)
2026-02-24600 KRWEx-dividend: 600 KRW per sharePaidYahoo Finance (ex-div)
2025-11-04600 KRWEx-dividend: 600 KRW per sharePaidYahoo Finance (ex-div)
2025-07-29600 KRWEx-dividend: 600 KRW per sharePaidYahoo Finance (ex-div)
2025-03-28600 KRWEx-dividend: 600 KRW per sharePaidYahoo Finance (ex-div)
2025-02-27500 KRWEx-dividend: 500 KRW per sharePaidYahoo Finance (ex-div)
2024-09-27500 KRWEx-dividend: 500 KRW per sharePaidYahoo Finance (ex-div)
2024-06-27500 KRWEx-dividend: 500 KRW per sharePaidYahoo Finance (ex-div)
2024-03-28500 KRWEx-dividend: 500 KRW per sharePaidYahoo Finance (ex-div)
2023-12-271 960 KRWEx-dividend: 1 960 KRW per sharePaidYahoo Finance (ex-div)
2022-12-281 960 KRWEx-dividend: 1 960 KRW per sharePaidYahoo Finance (ex-div)
2021-12-291 910 KRWEx-dividend: 1 910 KRW per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of KT Corporation (030200) — from primary filings.

Frequently asked questions

What is KT Corporation (030200)'s P/E ratio?
KT Corporation (030200) trades at a P/E of 9.3x (price to trailing 12-month earnings).
What is KT Corporation (030200)'s EV/EBITDA?
KT Corporation (030200) trades at 3.5x EV/EBITDA.
What is KT Corporation (030200)'s P/B ratio?
KT Corporation (030200) trades at a P/B of 0.6x.
What is KT Corporation (030200)'s dividend yield?
KT Corporation (030200)'s trailing 12-month dividend yield is 4.8%.
What is KT Corporation (030200)'s return on equity (ROE)?
KT Corporation (030200)'s ROE is 8.7%.
What is KT Corporation (030200)'s market capitalization?
KT Corporation (030200)'s market cap is 12027.1 bn KRW.

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