KKR: Great Business At An Unattractive Valuation (Downgrade)
KKR's stock has more than doubled in the past year due to strong inflows and cash flow, but it's time to take profits. The company reported strong financials with a 50% increase in adjusted net income and significant growth in AUM and management fees. Despite robust performance, the stock's recent rally may reflect overly optimistic expectations, leaving a minimal margin of safety and justifying a sell rating.
KKR becomes largest shareholder in Fuji Soft after successful tender offer
Private equity firm KKR has become the largest shareholder in Japanese software developer Fuji Soft after completing the first stage of a two-part tender offer, KKR said in a statement on Thursday.
KKR secures over one-third of Fuji Soft after first stage of tender offer, says source
Private equity firm KKR has secured more than one-third of the shares in Japanese software developer Fuji Soft after the first part of its two-stage buyout tender offer, a person familiar with the matter said on Wednesday.
KKR Q3: Strong Growth Prospects, High Valuation, Still A Hold
KKR reported better-than-expected Q3 earnings, driving the stock to all-time highs, with EPS growing 27% sequentially and 57% annually. Fee-related earnings surged 79.5% YoY, significantly outpacing Blackstone, which only grew at FRE 4.5%. Despite impressive growth and an optimistic outlook, KKR's valuation remains high at 30.6x price-to-segment revenue, making the stock overvalued.
KKR & Co. Inc. (KKR) Q3 2024 Earnings Call Transcript
KKR & Co. Inc. (NYSE:KKR ) Q3 2024 Earnings Conference Call October 24, 2024 10:00 AM ET Company Participants Craig Larson - Partner and Head of IR Scott Nuttall - Co-Chief Executive Officer Rob Lewin - Chief Financial Officer Conference Call Participants Craig Siegenthaler - Bank of America Glenn Schorr - Evercore ISI Alexander Blostein - Goldman Sachs Bill Katz - TD Cowen Brian McKenna - Citizens JMP Steven Chubak - Wolfe Research Patrick Davitt - Autonomous Research Michael Brown - Wells Fargo Brian Bedell - Deutsche Bank Michael Cyprys - Morgan Stanley Kyle Voigt - KBW Benjamin Budish - Barclays Daniel Fannon - Jefferies Operator Ladies and gentlemen, thank you for standing by. Welcome to KKR's Third Quarter 2024 Earnings Conference Call.
Compared to Estimates, KKR & Co. (KKR) Q3 Earnings: A Look at Key Metrics
Although the revenue and EPS for KKR & Co. (KKR) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
KKR to take 25% stake in Eni's biofuel unit for 2.9 billion euros
Italian energy group Eni said on Thursday that U.S. fund KKR would take a 25% stake in Enilive, in a deal that values the entire biofuel unit at 11.75 billion euros ($12.68 billion).
What's in the Offing for KKR as It Gears Up to Report Q3 Earnings?
KKR's third-quarter 2024 results are likely to reflect benefits from an increased asset under management balance.
Fuji Soft's top shareholder confirms support for KKR takeover bid
Fuji Soft's top shareholder on Tuesday confirmed its support for KKR's bid for the Japanese software developer at the centre of a $4 billion takeover battle between two of the world's biggest private equity firms.
Countdown to KKR & Co. (KKR) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
Beyond analysts' top -and-bottom-line estimates for KKR & Co. (KKR), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
Fuji Soft board supports KKR buyout offer, Nikkei reports
The board of Japan's Fuji Soft has decided to stick with a 558.4 billion yen ($3.72 billion) buyout offer from KKR , the Nikkei newspaper said on Friday, despite having received a higher counter-offer from Bain.
KKR to launch sale of Goodpack, valued at around $1.8 bln, sources say
KKR & Co is set to launch the sale of Singapore-based Goodpack in a deal that could value the provider of shipping containers and logistics services at around $1.8 billion, people with knowledge of the matter said.
