- KakaoBank reported a parent operating profit of 169.77 billion won for Q2 2024.
- This represents a 52% increase compared to the previous year’s operating profit of 111.75 billion won.
- The parent net income for Q2 2024 was 120.25 billion won, marking a 47% rise year-over-year.
- Parent sales reached 734.14 billion won, showing a 20% increase from the same period last year.
- Analyst recommendations consist of 15 buys, 5 holds, and 4 sells.
KakaoBank on Smartkarma
Analyst coverage on KakaoBank on Smartkarma showcases contrasting views from different experts. Sanghyun Park‘s bearish sentiment focuses on the arrest of Kakao Chairman Kim Beom-su over alleged stock price manipulation in the SM Entertainment buyout, raising concerns about Kakao Corp’s stock performance and KakaoBank’s business ties. On the other hand, Victor Galliano‘s bullish outlook highlights KakaoBank’s positive banking and capital ratios, positioning the firm favorably in Korea’s digital banking landscape. Galliano also expresses positivity towards Inter and caution towards Nubank, emphasizing the competitive advantages and potential risks in the emerging market digital banking sector.
A look at KakaoBank Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.2 |
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 shows a promising long-term outlook. With strong scores in growth and resilience, the company seems well-positioned for future expansion and able to withstand potential challenges. While its value and dividend scores are moderate, the high resilience score indicates a stable foundation for growth. However, the momentum score is lower, suggesting that the company may need to work on improving market momentum.
KakaoBank Corp., a South Korean bank, offers various financial services such as deposit and withdrawal facilities, credit cards, stock accounts, and linked loans. The company’s overall outlook, as reflected in its Smart Scores, appears positive, particularly in terms of growth and resilience. This indicates that KakaoBank has the potential for long-term success and a strong ability to adapt to changing market conditions moving forward.
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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