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KB Financial Group Inc.
(105560)
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Rating:62Neutral
Price Target:
₩156,456
Action:N/A
Date:10/28/26
The score is held back primarily by financial quality concerns—especially the sharp deterioration to deeply negative TTM operating/free cash flow—and weak technical momentum (bearish trend and heavy selling). These are partially offset by attractive valuation (low P/E and high dividend yield) and a mostly positive earnings-call outlook supported by strong profitability and shareholder returns, despite NIM and provisioning uncertainties.
Positive Factors
Improving Profitability and Earnings Growth
Improving revenue, operating profitability, and net income indicate strengthening earnings power across the group. The 1H profit increase and higher TTM results provide a durable foundation for reinvestment, capital generation, and resilience over the next several quarters.
Negative Factors
Sharp Deterioration in Cash Generation
The latest swing from several years of positive free cash flow to deeply negative TTM operating and free cash flow raises concerns about cash conversion and volatility in cash movements. If sustained, it could constrain internally funded growth and capital flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Profitability and Earnings Growth
Improving revenue, operating profitability, and net income indicate strengthening earnings power across the group. The 1H profit increase and higher TTM results provide a durable foundation for reinvestment, capital generation, and resilience over the next several quarters.
Read all positive factors
KB Financial Group Inc. (105560) vs. SPDR S&P 500 ETF (SPY)
Market Cap
₩51.96T
Dividend Yield5.39%
Average Volume (3M)759.45K
Price to Earnings (P/E)8.9
Beta (1Y)0.23
Revenue Growth7.48%
EPS Growth14.84%
CountryKR
Employees141
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)17263.72
Shares Outstanding354,687,740
10 Day Avg. Volume913,958
30 Day Avg. Volume759,451
Financial Highlights & Ratios
PEG Ratio0.41
Price to Book (P/B)0.77
Price to Sales (P/S)0.93
P/FCF Ratio12.86
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)18,476.71
Revenue Forecast (FY)₩19.35T
KB Financial Group Inc. Business Overview & Revenue Model
Company Description
KB Financial Group Inc., established in 2008 and headquartered in Seoul, South Korea, is a leading provider of comprehensive banking and financial services. The company caters to both individual consumers and corporate clients, operating across So...
KB Financial Group Inc. Earnings Call Summary
Earnings Call Date:Oct 29, 2026
(Q3-2026)
| Next Earnings Date:Feb 09, 2027
Earnings Call Sentiment Positive
The call was broadly positive, supported by 13.1% cumulative net profit growth, higher ROE, strong loan growth, expanding cumulative fee income, improving cost efficiency, stable credit costs, strong capital ratios, and a 25.5% increase in quarterly dividend per share. The main challenges were NIM compression, greater volatility and a QoQ decline in capital-market fee income, funding-market pressure, higher provisions, and a potential negative insurance deposit-insurance impact. Management remained constructive about Q4 repricing, deposit growth, capital management, and continued earnings growth.Positive Updates
Strong Cumulative Net Profit and ROE Growth
Q3 net profit was KRW 1,907.5 billion, while cumulative Q3 net profit reached KRW 5,792.1 billion, up 13.1% YoY. Cumulative group ROE was 13.89%, improving by 1.1 percentage points YoY.
Negative Updates
NIM Contraction from Funding Market Pressure
Q3 group NIM was 1.92% and bank NIM was 1.72%, with both contracting by 2 basis points QoQ. The decline reflected higher funding costs from uneven funding-market supply and demand, irregular fund flows, core-deposit outflows, increased reliance on institutional and corporate time deposits, and narrower corporate-loan spreads.
Read all updates
Q3-2026 Updates
Positive
Negative
Strong Cumulative Net Profit and ROE Growth
Q3 net profit was KRW 1,907.5 billion, while cumulative Q3 net profit reached KRW 5,792.1 billion, up 13.1% YoY. Cumulative group ROE was 13.89%, improving by 1.1 percentage points YoY.
Read all positive updates
Company Guidance
KB Financial Group expects the group's credit cost for the year to be managed within the mid-40 basis point range, with Q4 repricing expected to make the improvement in asset yields further expand; it plans to focus on low-cost deposits, manage its net interest margin more stably, maintain annual RWA growth within its target range, and target mid to long-term ROE near 13%. The KRW 180 billion of cash dividend remaining at year-end will be added, while new shareholder return policies are “not really yet”; future returns will be based on the formula and results, with the first round of shareholder returns of 2027 determined based on the year-end CET1 ratio. Quarterly fee income fundamentals are thought to be around KRW 1 trillion, although a slowdown is inevitable, and the conservative provisioning stance and cost efficiency efforts will continue. KB Insurance expects CSM to decline by around KRW 500 billion and the K-ICS ratio by 5%, while non-life insurance expects a KRW 2 billion positive effect from manual therapy changes and KRW 90 billion-KRW 100 billion of positive effect from the car accident policy change; KB Life expects the CSM balance to be about 8%, or about KRW 3.5 trillion level.KB Financial Group Inc. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
66
Positive
Cash Flow
41
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 52.75T | 50.69T | 37.77T | 36.41T | 25.64T | 20.97T |
| Gross Profit | 27.57T | 24.86T | 18.06T | 16.30T | 14.56T | 15.81T |
| EBITDA | 9.93T | 9.45T | 7.90T | 6.99T | 6.27T | 7.09T |
| Net Income | 6.31T | 5.85T | 5.08T | 4.59T | 4.11T | 4.41T |
Balance Sheet | ||||||
| Total Assets | 10.00T> | 0.00 | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 0.00 | 10.00T> | 10.00T> | 10.00T> | 92.05T |
| Total Debt | 10.00T> | 0.00 | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Total Liabilities | 10.00T> | -61.37T | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Stockholders Equity | 60.89T | 61.37T | 57.89T | 56.69T | 52.52T | 48.53T |
Cash Flow | ||||||
| Free Cash Flow | -14.76T | 3.67T | 3.39T | 3.43T | 4.26T | -2.50T |
| Operating Cash Flow | -14.38T | 4.23T | 4.02T | 4.11T | 4.76T | -2.03T |
| Investing Cash Flow | -10.81T | -5.54T | -3.83T | -3.52T | -19.64T | -3.86T |
| Financing Cash Flow | 29.02T | 5.80T | -1.98T | -1.24T | 15.18T | 10.82T |
KB Financial Group Inc. Technical Analysis
Negative
―
Price Trends
167520.00
Negative
166720.86
Negative
157035.90
Negative
Market Momentum
-5076.63
Positive
39.47
Neutral
20.82
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:105560, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 160960.00, equal to the 50-day MA of 167520.00, and equal to the 200-day MA of 157035.90, indicating a bearish trend. The MACD of -5076.63 indicates Positive momentum. The RSI at 39.47 is Neutral, neither overbought nor oversold. The STOCH value of 20.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:105560.
KB Financial Group Inc. Risk Analysis
KB Financial Group Inc. disclosed 44 risk factors in its most recent earnings report. KB Financial Group Inc. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
KB Financial Group Inc. 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:105560
KB Financial Group Inc.
154,000.00
41,684.58
37.11%
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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.