- KakaoBank reported a first quarter parent operating profit of 148.41 billion won.
- This marked an increase of 8.8% from the same period last year, which was 136.41 billion won.
- KakaoBank also posted a net profit of 111.20 billion won, a 9.2% hike year-on-year.
- Sales figures for the first quarter also rose by 28% year-on-year, reaching a total of 717.86 billion won.
- Current investment sentiments for KakaoBank are mixed with 16 buys, 5 holds, and 3 sells.
- These figures are based on the values reported by KakaoBank’s original disclosures.
A look at KakaoBank Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, KakaoBank appears to have a promising long-term outlook. With high scores in Growth and Resilience, the company seems well-positioned to expand and withstand market challenges. Its lower scores in Value and Dividend suggest a focus on growth and reinvestment rather than immediate returns to shareholders. The moderate Momentum score indicates steady progress in the company’s market performance.
KakaoBank Corp. is a South Korean bank offering a range of services including deposit and withdrawal facilities, credit cards, stock accounts, and linked loans. With a strong emphasis on growth and resilience, KakaoBank demonstrates its commitment to long-term success and sustainability in the banking sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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