Professional
Added to YB: 2022-07-15
Pitch date: 2022-07-15
KKR [bullish]
KKR & Co. Inc.
+185.84%
current return
Author Info
1 Main Capital is a long-biased investment partnership that invests primarily in high-quality, attractively valued, growing businesses. Visit their fund website.
Company Info
KKR & Co. Inc. is a private equity and real estate investment firm specializing in direct and fund of fund investments.
Market Cap
$115.4B
Pitch Price
$47.79
Price Target
N/A
Dividend
0.57%
EV/EBITDA
N/A
P/E
54.68
EV/Sales
N/A
Sector
Capital Markets
Category
growth
1 Main Holdings added to position: KKR (KKR)
KKR: Alt asset mgr w/ $500B AUM down 40% YTD despite strong position to gain share from traditional strategies & smaller alts. 60%+ op margins, predictable fees for 5+ yrs. Worries over cyclicality & rates impact misplaced given long-term capital, dry powder to lean in. Net cash & investments 40% of mkt cap. Sees DE/shr $4+ in '22, $10+ by '26 w/ multiple expansion. Mgmt heavily incentivized w/ $1B+ each if stock hits $136 by '26. Extremely valuable franchise w/ secular tailwinds & solid earnings/FCF.
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