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Kohlberg Kravis Roberts Co
Kohlberg Kravis Roberts Co. (KKR) is a leading global investment firm that specializes in private equity, infrastructure, and real estate investments. The company was founded in 1976 by Henry Kravis, George Roberts, and Jerome Kohlberg, and is headquartered in New York City.
Financial Overview:
* As of December 31, 2021, KKR had approximately $477 billion in assets under management (AUM) across a range of investment strategies and vehicles.
* In 2021, KKR reported total revenues of $5.4 billion, up from $4.6 billion in 2020.
* The company's net income for 2021 was $3.1 billion, compared to $1.7 billion in 2020.
* KKR's economic net income (ENI), which is a measure of the company's profitability that includes unrealized gains and losses, was $6.1 billion in 2021, up from $4.2 billion in 2020.
Earnings and Growth:
* KKR's earnings per share (EPS) for 2021 was $6.21, up from $3.41 in 2020.
* The company has a strong track record of growth, with its AUM growing at a compound annual growth rate (CAGR) of 12% since 2016.
* KKR has also consistently generated high levels of distributable earnings, which are the profits that the company distributes to its shareholders. In 2021, KKR's distributable earnings were $2.5 billion, up from $1.9 billion in 2020.
Dividends:
* KKR pays a regular quarterly dividend to its shareholders. In 2021, the company paid a total dividend of $1.36 per share, up from $1.20 per share in 2020.
* KKR's dividend yield is currently around 1.5%, which is lower than the average yield for the S&P 500 index.
Valuation:
* KKR's stock price has generally trended upward over the past five years, although there has been some volatility along the way.
* As of March 2023, KKR's stock price is around $63 per share, giving the company a market capitalization of approximately $43 billion.
* Based on its 2021 earnings, KKR's price-to-earnings (P/E) ratio is around 10, which is lower than the average P/E ratio for the S&P 500 index.
Overall, KKR is a well-established and highly respected investment firm with a strong track record of financial performance and growth. While its stock price may not always move in lockstep with the broader market, the company's solid fundamentals and attractive valuation make it a compelling investment opportunity for long-term investors.