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KBANK.BK SET (Bangkok) Unclassified

Kasikornbank PCL

$197,00
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Mcap
463,2B THB
P/E
10,7x
EV / Rev
4,5x
Div yield
6,11 %
Op margin
ROE
8,7 %
Net margin
37,7 %
Debt / equity
0,11
Beta
52w range
Volume
Day range
Prev close
Open
Next earnings
Ex-dividend
TR 1Y
About

Kasikornbank PCL is a financial institution operating in the Banks industry within the Financials sector, generating revenue through banking activities.

Business. Kasikornbank PCL is a financial institution operating in the Banks industry within the Financials sector, generating revenue through banking activities.

Classification20 %
SectorUnclassified
Generated · model-assisted
Sell-side consensus
BUY19 analysts
15 buy3 hold1 sell
Avg 12m price target220,12

Analyst recommendations

19 analysts · consensus Buy
Buy15
Hold3
Sell1
12-month price target
220,12
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
not yet scored
Valuation
10,7x
P/E
Analysts
Buy
19 analysts · indicative
Ownership
PNC Investments LLC
largest disclosed fund holder
Profitability
8,7 %
return on equity
Quality
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning KBANK.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to KBANK.BK. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    Kasikornbank PCL is a financial institution operating in the Banks industry within the Financials sector, generating revenue through banking activities.

    Classification20 %
    SectorUnclassified
    AI synthesis
    GENERATED

    Kasikornbank PCL maintains a capital structure characterized by total assets of 4,558,618,074,000 THB and total equity of 581,146,308,000 THB. The company reports long-term debt of 64,477,787,000 THB, resulting in a debt-to-equity ratio of 0.11. Liquidity is assessed as medium, with a key flag noting that net cash is negative after subtracting total debt. The company generates operating cash flow of 217,661,152,000 THB and free cash flow of 29,261,562,000 THB.

    Profitability metrics show a return on equity of 0.0868 and a return on assets of 0.0111. The company reports net income of 49,564,772,000 THB against revenue of 137,151,628,000 THB. Valuation multiples include a price-to-earnings ratio of 10.67 and a price-to-book ratio of 0.93.

    Segment and geographic revenue concentration data is not available in the provided input. The analysis relies on aggregate financial figures for the entire entity.

    Historical growth trajectory data, including five-year annual and eight-quarter quarterly trends, is not available in the provided input. The analysis is based on the latest normalized period financial snapshot.

    Risk assessment indicates medium liquidity risk and low dilution risk. A key flag highlights that net cash is negative after subtracting total debt. The shares outstanding basic and diluted are identical at 2,351,026,493, suggesting no immediate dilutive securities in the current snapshot.

    Recent IR observations show a mean analyst price target of 220.12 THB and a median target of 217.00 THB. The mean recommendation is 2.00, with 5 strong buys, 10 buys, and 3 holds. The current market price is 229.0 THB.

    Key takeaways
    • The company trades at a price-to-book ratio of 0.93, indicating a valuation below book value.
    • Return on equity stands at 0.0868, reflecting the profitability of the equity base.
    • Liquidity risk is rated as medium, with a specific flag for negative net cash after debt subtraction.
    • Analyst sentiment is positive, with a mean recommendation of 2.00 and a majority of buy/strong-buy ratings.
    • Dilution risk is assessed as low, supported by identical basic and diluted share counts.

    Bull / Bear case

    Generated · model-assisted
    BULL CASE · 4

    Net income CAGR of 6.8% from 2022 to 2026 demonstrates consistent long-term profitability growth for the bank.

    Cash conversion ratio of 4.32 is best-in-class, showing exceptional ability to turn net income into free cash flow.

    Debt-to-equity ratio of 0.11 is well below the cohort median of 0.4, reflecting a conservative and stable capital structure.

    Analysts assign a mean price target of 220.12, implying 11.7% upside from the current market price of 197.0.

    BEAR CASE · 3

    Revenue declined 7.3% year-over-year in 2026, signaling a contraction in top-line growth momentum for the period.

    The company faces a medium level of liquidity risk, which could constrain operational flexibility during market stress.

    Return on assets of 1.11% indicates modest efficiency in utilizing the bank's asset base to generate profits.

    In focus — financials by report

    Quarterly
    Annual
    QUARTERLYFiled 2026-04-21
    Q1 2026 · Quarter highlights

    Revenue THB 31.96B, −9,8% YoY; Net income +6,3% YoY.

    RevenueTHB 31.96B−9,8 % YoY
    Operating income
    Net incomeTHB 14.67B+6,3 % YoY
    Free cash flowTHB 17.76B+16,8 % YoY
    EPS
    Operating cash flowTHB 112.53B+122,7 % YoY
    Financials
    Income statement
    RevenueTHB 31.96B
    Gross profit
    Operating income
    Net incomeTHB 14.67B
    Margins
    Gross margin
    Operating margin
    Net margin45.9%
    FCF margin55.6%
    Balance sheet
    Total assetsTHB 4.54T
    Total liabilitiesTHB 3.95T
    Total equityTHB 586.92B
    Cash & equivalents
    Long-term debtTHB 67.34B
    Cash flow
    Operating cash flowTHB 112.53B
    CapEx-THB 1.10B
    Free cash flowTHB 17.76B
    SBC
    Highlights
    • Revenue THB 31.96B, −9,8% YoY
    • Net income +6,3% YoY
    • Free cash flow +16,8% YoY
    • Net margin 45.9%

    Valuation TTM

    Market price
    $197,00
    Market cap
    $538.39B
    Enterprise value
    $602.86B
    P/E
    10.7x
    Non-GAAP P/E
    EV / Revenue
    4.5x
    EV / Op income
    EV / OCF
    2.8x
    P / B
    0.9x
    P / Tangible book
    0.9x
    Tangible book
    $581.15B
    Net cash
    -$64.48B
    Current ratio
    Debt / equity
    0.1
    ROA
    1.1%
    ROE
    8.7%
    Cash conversion
    432.0%
    CapEx / revenue
    -5.3%
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 46 %
    EPS
    Consensus EPS
    20,21
    Predicted surprise
    +0,02
    Beat probability
    46 %
    Analysts
    19
    Other metrics
    Revenue
    no estimate
    Segment revenue
    no estimate
    Margin
    no estimate
    Segment margin
    no estimate
    revision ratio 0,01 · as of 2026-07-07 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPSno estimateno estimate20,21
    Revenueno estimateno estimate188,4B THB
    Operating incomeno estimateno estimate101,2B THB
    Full-year consensus mean (period as reported by source) · consensus in THB. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-08-04

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution19 analysts
    Strong buy5
    Buy10
    Hold3
    Sell1
    Strong sell0
    12-month price target$220,12 · Median $217,00
    Low $176,00High $260,00
    Operating income · consensus101,2B THB
    EPS surprise
    +2,1 %
    reported vs consensus · beat
    Revenue surprise
    +3,4 %
    reported vs consensus · beat

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    Low$176,00
    Mean$220,12
    Median$217,00
    High$260,00
    Spot$197,00
    +11.7 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Net Margin37,7 %Best in class
    ROE8,7 %Above median
    Capex / Rev-5,3 %Below median
    D/E0,11Above median
    Cash Conv4,32Best in class

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    • Reference data
    How metrics are computed
    • Price To Earnings
      market_price / (net_income / shares_outstanding_diluted)
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Enterprise Value
      market_cap - net_cash
    • Return On Assets
      net_income / total_assets
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    • Market Cap
      market_price * shares_outstanding_diluted
    Source documents
    • Kasikornbank PCL Market data — financials · 2026-07-07
    • Kasikornbank PCL Market data — analyst estimates · 2026-07-07
    • Kasikornbank PCL Market data — ESG · 2026-07-07

    Ownership & reference

    Top holders

    • PNC Investments LLCInvestment Managers · as of 2026-03-310,00 %$0M

    Leadership

    • Kattiya IndaravijayaChief Executive Officer, Executive Director

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    KBANK.BKCanonical
    SET (Bangkok) · THB

    Intel & risk

    PredictorBeat prob46 %Surprise+0,02Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-04-21 07:44 UTCEARNINGSQuarterly results — Q1 2026 Revenue THB 31.96B · Net THB 14.67B
    2026-01-21 22:41 UTCEARNINGSQuarterly results — Q4 2025 Revenue THB 32.91B · Net THB 10.28B
    2026-01-21 22:41 UTCEARNINGSAnnual results — FY 2026 Revenue THB 137.15B · Net THB 49.56B
    2025-10-21 06:52 UTCEARNINGSQuarterly results — Q3 2025 Revenue THB 34.16B · Net THB 13.01B
    2025-07-21 06:25 UTCEARNINGSQuarterly results — Q2 2025 Revenue THB 34.66B · Net THB 12.49B
    2025-04-21 06:58 UTCEARNINGSQuarterly results — Q1 2025 Revenue THB 35.43B · Net THB 13.79B
    2025-01-21 06:09 UTCEARNINGSQuarterly results — Q4 2024 Revenue THB 36.00B · Net THB 10.77B
    2025-01-21 06:09 UTCEARNINGSAnnual results — FY 2025 Revenue THB 148.00B · Net THB 49.60B
    2024-10-21 06:48 UTCEARNINGSQuarterly results — Q3 2024 Revenue THB 36.69B · Net THB 12.30B
    2024-07-19 06:48 UTCEARNINGSQuarterly results — Q2 2024 Revenue THB 37.13B · Net THB 12.90B
    2024-01-19 07:22 UTCEARNINGSAnnual results — FY 2024 Revenue THB 148.44B · Net THB 42.41B
    2023-01-19 19:39 UTCEARNINGSAnnual results — FY 2023 Revenue THB 133.00B · Net THB 35.77B
    2022-01-21 06:29 UTCEARNINGSAnnual results — FY 2022 Revenue THB 119.39B · Net THB 38.05B
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data · Reference data Premium coverage