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Industrial Bank Of Korea
(024110)
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Rating:59Neutral
Price Target:
₩19,573.00
Action:N/A
Date:10/28/26
The score is supported by very strong valuation (low P/E and high dividend yield) and solid underlying profitability, but it is held back by weak and volatile cash flow (including negative TTM free cash flow), high balance-sheet leverage, and clearly bearish technical momentum (below key moving averages with negative MACD and oversold RSI/Stoch).
Positive Factors
Strong Profitability
Consistently strong net income and healthy margins indicate that IBK’s core banking model is generating substantial earnings power. This profitability can support internal capital formation, absorb operating pressures, and provide a durable foundation for lending growth and shareholder returns over coming quarters.
Negative Factors
High Leverage
IBK’s highly leveraged balance sheet increases sensitivity to credit and market shocks, leaving less flexibility if asset quality or funding conditions deteriorate. This structure can constrain capital allocation and make it harder for the bank to pursue growth while preserving resilience over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Profitability
Consistently strong net income and healthy margins indicate that IBK’s core banking model is generating substantial earnings power. This profitability can support internal capital formation, absorb operating pressures, and provide a durable foundation for lending growth and shareholder returns over coming quarters.
Read all positive factors
Industrial Bank Of Korea (024110) vs. SPDR S&P 500 ETF (SPY)
Market Cap
₩15.02T
Dividend Yield6.68%
Average Volume (3M)720.33K
Price to Earnings (P/E)5.6
Beta (1Y)0.22
Revenue Growth27.79%
EPS Growth-0.49%
CountryKR
Employees14,037
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)3236.76
Shares Outstanding797,425,840
10 Day Avg. Volume879,657
30 Day Avg. Volume720,328
Financial Highlights & Ratios
PEG Ratio0.63
Price to Book (P/B)0.46
Price to Sales (P/S)4.56
P/FCF Ratio4.65
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)3,462.19
Revenue Forecast (FY)₩8.87T
Industrial Bank Of Korea Business Overview & Revenue Model
Company Description
Industrial Bank of Korea operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally. It provides personal and corporate banking, such as check, transfer, deposit/trust, fund, insurance, credit card, loan, for...
Industrial Bank Of Korea Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
60
Neutral
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.27T | 3.66T | 20.56T | 20.36T | 14.18T | 10.48T |
| Gross Profit | 5.89T | 3.66T | 9.50T | 9.92T | 9.02T | 7.92T |
| EBITDA | 3.86T | 4.07T | 3.88T | 3.79T | 3.88T | 3.58T |
| Net Income | 2.64T | 2.72T | 2.64T | 2.67T | 2.67T | 2.41T |
Balance Sheet | ||||||
| Total Assets | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Cash, Cash Equivalents and Short-Term Investments | 3.79T | 14.24T | 18.35T | 28.33T | 26.29T | 19.85T |
| Total Debt | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Total Liabilities | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Stockholders Equity | 37.53T | 36.48T | 33.95T | 31.66T | 28.95T | 27.39T |
Cash Flow | ||||||
| Free Cash Flow | -81.99B | 3.59T | 5.04T | -2.43T | -14.92T | -288.84B |
| Operating Cash Flow | 84.33B | 3.78T | 5.37T | -2.32T | -14.85T | -234.75B |
| Investing Cash Flow | -31.21T | -23.07T | -33.63T | -635.78B | -6.55T | -10.64T |
| Financing Cash Flow | 27.43T | 24.74T | 17.23T | 6.40T | 28.71T | 17.12T |
Industrial Bank Of Korea Technical Analysis
Negative
―
Price Trends
20214.00
Negative
20439.93
Negative
21016.23
Negative
Market Momentum
-329.50
Positive
30.83
Neutral
4.73
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:024110, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 19827.50, equal to the 50-day MA of 20214.00, and equal to the 200-day MA of 21016.23, indicating a bearish trend. The MACD of -329.50 indicates Positive momentum. The RSI at 30.83 is Neutral, neither overbought nor oversold. The STOCH value of 4.73 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:024110.
Industrial Bank Of Korea Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₩22.03T | 7.27 | ― | 4.68% | 37.27% | -6.05% | |
65 Neutral | ₩40.20T | 7.94 | ― | 3.34% | 32.01% | 19.24% | |
62 Neutral | ₩51.96T | 8.92 | ― | 5.39% | 7.48% | 14.84% | |
60 Neutral | ₩9.31T | 16.92 | ― | 2.36% | 2.68% | 15.30% | |
59 Neutral | ₩15.02T | 5.65 | ― | 6.68% | 27.79% | -0.49% | |
58 Neutral | ₩4.00T | 6.10 | ― | 6.01% | 10.30% | -13.12% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
KR:024110
Industrial Bank Of Korea
18,840.00
722.97
3.99%
KR:055550
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KakaoBank Corp.
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-12.91%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.