KT stock: fair value
KTThe fair value of KT under our model is $35.44, the price is 47% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 12 Nov 2026
Valuation signal
Significantly undervaluedIn our model the price counts as cheap below $29.53 and expensive above $44.30 (uncertainty low, based on the price swings of the past year).
The two parts of the fair value come to $44.69 (cash-flow model) and $26.18 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 8.3%. At 9.3% the fair value would be $31.67, at 7.3% it would be $41.10.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (16).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 3.3%. Discounted at 8.3% (floor: government bond yield 3.3% plus 5 percentage points, since beta 0.84 times the risk premium would give less); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $44.69 per share: free cash flow for the next ten years, each year discounted to today at 8.3%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 8.3%) |
|---|---|---|---|---|
| 2026 | $1.16B | extrapolated at 8.7% | 0.9230 | $1.08B |
| 2027 | $1.25B | extrapolated at 7.1% | 0.8520 | $1.06B |
| 2028 | $1.32B | extrapolated at 5.9% | 0.7864 | $1.04B |
| 2029 | $1.39B | extrapolated at 5.2% | 0.7258 | $1.01B |
| 2030 | $1.45B | extrapolated at 4.6% | 0.6700 | $974.06M |
| 2031 | $1.52B | extrapolated at 4.2% | 0.6184 | $937.16M |
| 2032 | $1.58B | extrapolated at 4.0% | 0.5708 | $899.34M |
| 2033 | $1.64B | extrapolated at 3.8% | 0.5269 | $861.48M |
| 2034 | $1.69B | extrapolated at 3.7% | 0.4863 | $824.17M |
| 2035 | $1.76B | extrapolated at 3.6% | 0.4489 | $787.77M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $9.47B |
| Terminal value: cash flow 2035 × (1 + 3.3%) / (8.3% − 3.3%) | $36.27B |
| Present value of terminal value (× 0.4489) | $16.28B |
| Equity value (sum plus present value of terminal value) | $25.75B |
| Shares (diluted) | 576.16M |
| Value per share (equity value divided by shares) | $44.69 |
| Earnings per share, last twelve months | $1.63 |
| × 16 (industry P/E) | $26.18 |
| Fair value (average of both parts) | $35.44 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 11 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 11 Nov 2026 ($1 = ₩1,336.90)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 6 Dec 2024)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.