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19.69 (1y: +55%)
Market Cap 5.17 B P/E(ttm) 9.20
Enterprise Value 4.83 B P/B 2.60
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength

vs
industry		 vs
history
Cash to Debt 1.618
KKR's Cash to Debt is ranked higher than
63% of the 1325 Companies
in the Global Asset Management industry.

( Industry Median: 0.40 vs. KKR: 1.618 )
KKR' s 10-Year Cash to Debt Range
Min: 0.97   Max: No Debt
Current: 1.62
Equity to Asset 0.045
KKR's Equity to Asset is ranked lower than
56% of the 1325 Companies
in the Global Asset Management industry.

( Industry Median: 0.61 vs. KKR: 0.045 )
KKR' s 10-Year Equity to Asset Range
Min: 0.01   Max: 0.05
Current: 0.05
0.01
0.05
Interest Coverage No Debt
KKR's Interest Coverage is ranked higher than
76% of the 1325 Companies
in the Global Asset Management industry.

( Industry Median: 4.70 vs. KKR: No Debt )
KKR' s 10-Year Interest Coverage Range
Min: No Debt   Max: No Debt
Current: No Debt
F-Score: 7
Z-Score: 0.65
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth

vs
industry		 vs
history
Operating margin (%) -181.30
KKR's Operating margin (%) is ranked lower than
80% of the 1325 Companies
in the Global Asset Management industry.

( Industry Median: 6.00 vs. KKR: -181.30 )
KKR' s 10-Year Operating margin (%) Range
Min: -181.3   Max: 103.3
Current: -181.3
-181.3
103.3
Net-margin (%) 98.7
KKR's Net-margin (%) is ranked higher than
89% of the 1325 Companies
in the Global Asset Management industry.

( Industry Median: 8.10 vs. KKR: 98.7 )
KKR' s 10-Year Net-margin (%) Range
Min: 0.1   Max: 98.7
Current: 98.7
0.1
98.7
ROE (%) 28
KKR's ROE (%) is ranked higher than
97% of the 1325 Companies
in the Global Asset Management industry.

( Industry Median: 0.00 vs. KKR: 28 )
KKR' s 10-Year ROE (%) Range
Min: -793   Max: 83.8
Current: 28
-793
83.8
ROA (%) 1.3
KKR's ROA (%) is ranked higher than
66% of the 1325 Companies
in the Global Asset Management industry.

( Industry Median: 0.00 vs. KKR: 1.3 )
KKR' s 10-Year ROA (%) Range
Min: -5.4   Max: 2.8
Current: 1.3
-5.4
2.8
ยป KKR's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

KKR Guru Trades in Q2 2012

Jim Simons 145,100 sh (New)
Jim Chanos 862,200 sh (+205.31%)
Chuck Royce 2,362,800 sh (+14.54%)
John Rogers 7,435,560 sh (+6.63%)
Mario Gabelli 364,410 sh (unchged)
Pioneer Investments Sold Out
Murray Stahl 502,925 sh (-0.9%)
Leon Cooperman 4,873,261 sh (-12.63%)
» More
Q3 2012

KKR Guru Trades in Q3 2012

Jim Simons 161,800 sh (+11.51%)
John Rogers 7,799,950 sh (+4.9%)
Chuck Royce 2,391,400 sh (+1.21%)
Leon Cooperman 4,885,561 sh (+0.25%)
Murray Stahl 503,309 sh (+0.08%)
Mario Gabelli 364,410 sh (unchged)
Jim Chanos 862,200 sh (unchged)
» More
Q4 2012

KKR Guru Trades in Q4 2012

Jim Simons 985,300 sh (+508.96%)
Jim Chanos 893,500 sh (+3.63%)
Leon Cooperman 4,982,557 sh (+1.99%)
John Rogers 7,839,237 sh (+0.5%)
Chuck Royce 2,391,400 sh (unchged)
Mario Gabelli 363,410 sh (-0.27%)
Murray Stahl 420,615 sh (-16.43%)
» More
Q1 2013

KKR Guru Trades in Q1 2013

Jim Simons 4,117,000 sh (+317.84%)
Murray Stahl 446,457 sh (+6.14%)
Chuck Royce 2,391,400 sh (unchged)
Mario Gabelli 363,410 sh (unchged)
John Rogers 7,642,916 sh (-2.5%)
Jim Chanos 829,000 sh (-7.22%)
Leon Cooperman 3,275,713 sh (-34.26%)
» More
» Details

Insider Trades

Latest Guru Trades with KKR

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Leon Cooperman 2013-03-31 Reduce -34.26%0.48%$15.23 - $19.72 $ 19.6911%3275713
John Griffin 2012-03-31 Sold Out 0.58%$13.22 - $15.1 $ 19.6947%0
John Keeley 2012-03-31 Sold Out 0.01%$13.22 - $15.1 $ 19.6947%0
John Keeley 2011-12-31 New Buy0.01%$9.92 - $14.07 $ 19.6958%25000
Leon Cooperman 2011-09-30 Add 60.1%0.62%$10.5 - $16.09 $ 19.6953%5321187
John Griffin 2011-09-30 New Buy0.51%$10.5 - $16.09 $ 19.6953%2387180
Ron Baron 2011-09-30 Sold Out 0.0523%$10.5 - $16.09 $ 19.6953%0
Daniel Loeb 2011-06-30 Sold Out 0.85%$15.22 - $18.96 $ 19.6916%0
Ron Baron 2011-06-30 New Buy0.05%$15.22 - $18.96 $ 19.6916%576800
Mario Gabelli 2011-03-31 Reduce -72.71%0.11%$14.2 - $17.84 $ 19.6922%364410
Daniel Loeb 2010-09-30 New Buy1.33%$8.8 - $10.68 $ 19.6997%1200000
Mario Gabelli 2010-09-30 New Buy0.06%$8.8 - $10.68 $ 19.6997%1383454
Premium More recent guru trades are included for Premium Members only!!
ยป Financial Charts

Peter Lynch Chart

Guru Investment Theses on KKR & Co LP

John Rogers Comments on KKR & Co, - May 09, 2013

We had several stocks with strong returns in the first quarter. Private equity firm KKR & Co. L.P. (KKR) rose +31.84% due to strong fundamentals. Specifically, the company reported fourth quarter 2012 earnings of $0.48 per share versus consensus of $0.21. Its assets under management increased 28% over the past 12 monthsโ€”up 14% from just the previous quarter. Returns on its private equity portfolio powered the increases, appreciating 24% in 2012โ€”considerably higher than the S&P 500 Index. Originally our thesis held the stock was a bargain because it reflected its fee-based businesses but not carried interest. That inefficiency no longer exists, but now the crowd seems well behind the curve on the company's growth potential. We believe a broad distaste for many types of financial services firms remains in the wake of the Great Recession; in our view, this emotional backlash creates significant opportunities.

From John Rogersโ€™ first quarter 2013 commentary.


Check out John Rogers latest stock trades

Top Ranked Articles about KKR & Co LP

John Rogers Comments on KKR & Co,
May 9, 2013
We had several stocks with strong returns in the first quarter. Private equity firm KKR & Co. L.P. (KKR) rose +31.84% due to strong fundamentals. Specifically, the company reported fourth quarter 2012 earnings of $0.48 per share versus consensus of $0.21. Its assets under management increased 28% over the past 12 monthsโ€”up 14% from just the previous quarter. Returns on its private equity portfolio powered the increases, appreciating 24% in 2012โ€”considerably higher than the S&P 500 Index. Originally our thesis held the stock was a bargain because it reflected its fee-based businesses but not carried interest. That inefficiency no longer exists, but now the crowd seems well behind the curve on the company's growth potential. We believe a broad distaste for many types of financial services firms remains in the wake of the Great Recession; in our view, this emotional backlash creates significant opportunities. Read more...
Weekly CFO Sells Highlight: KKR, DENN, NEE, HOLX, STT, INVN
August 27, 2012
According to GuruFocus Insider Data, the largest CFO sells during the past week were: KKR & Co. LP, Dennyโ€™s Corporation, NextEra Energy Inc., Hologic Inc., Ivensense Inc, and State Street Corporation. Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 9.20
KKR's P/E(ttm) is ranked higher than
66% of the 672 Companies
in the Global Asset Management industry.

( Industry Median: 13.10 vs. KKR: 9.20 )
KKR' s 10-Year P/E(ttm) Range
Min: 6.03   Max: 408.11
Current: 9.2
6.03
408.11
P/B 2.60
KKR's P/B is ranked lower than
72% of the 935 Companies
in the Global Asset Management industry.

( Industry Median: 0.98 vs. KKR: 2.60 )
KKR' s 10-Year P/B Range
Min: 1.6   Max: 2.77
Current: 2.6
1.6
2.77
P/S 8.67
KKR's P/S is ranked lower than
55% of the 972 Companies
in the Global Asset Management industry.

( Industry Median: 5.19 vs. KKR: 8.67 )
KKR' s 10-Year P/S Range
Min: 0.24   Max: 9.27
Current: 8.67
0.24
9.27
PFCF 0.70
KKR's PFCF is ranked higher than
97% of the 585 Companies
in the Global Asset Management industry.

( Industry Median: 17.58 vs. KKR: 0.70 )
KKR' s 10-Year PFCF Range
Min: 0.58   Max: 6.41
Current: 0.7
0.58
6.41
EV-to-EBIT 9.6
KKR's EV-to-EBIT is ranked higher than
91% of the 660 Companies
in the Global Asset Management industry.

( Industry Median: 12.80 vs. KKR: 9.6 )
KKR' s 10-Year EV-to-EBIT Range
Min: 0.3   Max: 3.5
Current: 9.6
0.3
3.5

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 6.80
KKR's Dividend Yield is ranked higher than
87% of the 1325 Companies
in the Global Asset Management industry.

( Industry Median: 1.78 vs. KKR: 6.80 )
KKR' s 10-Year Dividend Yield Range
Min: 0.6   Max: 7.31
Current: 6.8
0.6
7.31
Dividend Payout 0.5737
KKR's Dividend Payout is ranked higher than
60% of the 545 Companies
in the Global Asset Management industry.

( Industry Median: 0.48 vs. KKR: 0.5737 )
KKR' s 10-Year Dividend Payout Range
Min: 0.38   Max: 0.38
Current: 0.57
Yield on cost (5-Year) 6.80
KKR's Yield on cost (5-Year) is ranked higher than
88% of the 1325 Companies
in the Global Asset Management industry.

( Industry Median: 1.14 vs. KKR: 6.80 )
KKR' s 10-Year Yield on cost (5-Year) Range
Min: 0.6   Max: 7.31
Current: 6.8
0.6
7.31

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 18.1
KKR's Price/Net Current Asset Value is ranked higher than
74% of the 383 Companies
in the Global Asset Management industry.

( Industry Median: 35.10 vs. KKR: 18.1 )
KKR' s 10-Year Price/Net Current Asset Value Range
Min: 13.6   Max: 13.6
Current: 18.1
Price/Tangible Book 3
KKR's Price/Tangible Book is ranked lower than
70% of the 806 Companies
in the Global Asset Management industry.

( Industry Median: 1.00 vs. KKR: 3 )
KKR' s 10-Year Price/Tangible Book Range
Min: 2.1   Max: 2.3
Current: 3
2.1
2.3
Price/Median PS Value 6.9
KKR's Price/Median PS Value is ranked lower than
75% of the 734 Companies
in the Global Asset Management industry.

( Industry Median: 1.10 vs. KKR: 6.9 )
KKR' s 10-Year Price/Median PS Value Range
Min: 0.3   Max: 5.4
Current: 6.9
0.3
5.4
Price/Graham Number 0.3
KKR's Price/Graham Number is ranked higher than
91% of the 565 Companies
in the Global Asset Management industry.

( Industry Median: 0.80 vs. KKR: 0.3 )
KKR' s 10-Year Price/Graham Number Range
Min: 0.2   Max: 0.6
Current: 0.3
0.2
0.6

Business Description

KKR & Co. L.P. was founded in 1976. The Company's business offers a broad range of asset management services to its investors and provides capital markets services to its firm, its portfolio companies and its clients. As a global alternative asset manager, it earns management, monitoring, transaction and incentive fees for providing investment management, monitoring and other services to its funds, vehicles, managed accounts and portfolio companies, and it generates transaction-specific income from capital markets transactions. It earns additional investment income from investing its own capital alongside its investors and from the carried interest it receives from its funds and certain of its other investment vehicles. A carried interest entitles the sponsor of a fund to a specified percentage of investment gains that are generated on third-party capital that is invested. It operates its business through three business segments: Private Markets; Public Markets; and Capital Markets and Principal Activities. Through its Private Markets segment, it manages and sponsors a group of investment funds and co-investment vehicles that invest capital for long-term appreciation, either through controlling ownership of a company or strategic minority positions. It has also launched an initiative to manage direct investments in natural resources assets, such as oil and natural gas properties, that offer investors exposure to underlying commodity prices, current cash flows from the production of the acquired resources, exposure to commodity prices and thereby a means of hedging inflation. The Company's Public Markets segment is comprised primarily of its fixed income businesses which manage capital in liquid credit strategies, such as leveraged loans and high yield bonds, and less liquid credit products, such as mezzanine debt, special situation assets, rescue financings, distressed assets, debtor-in-possession financings and exit financings. It implements these investment strategies through a specialty finance company and a number of investment funds, structured finance vehicles and separately managed accounts. The Company's Capital Markets and Principal Activities segment combines the assets it acquired in the Combination Transaction with its global capital markets business. The Company's capital markets business supports its firm, its portfolio companies and its clients by providing services such as arranging debt and equity financing for transactions, placing and underwriting securities offerings, structuring new investment products and providing capital markets advice. It competes with other asset managers for both investors and investment opportunities. The Company's operations are subject to regulation and supervision in a number of jurisdictions.
Company Website
SEC Reports
Industry: Asset Management
Compare:
Traded in other countries:KR5.Germany
ยป More Articles for KKR

Headlines

Articles On GuruFocus.com
John Rogers Comments on KKR & Co, May 09 2013 
John Rogers' Ariel Investments Q1 Commentary May 09 2013 
Jim Grant Rarely Recommends Specific Stocks - But Today He Has Two Recommendations Apr 24 2013 
3 Cheap Stocks with Extraordinary High Yields (More Than 10%) and Low Debt Ratios Apr 18 2013 
John Rogers of Ariel Funds' Feb Market Insight - In-Depth Perspective on the Current Market Environm Mar 15 2013 
John Rogers of Ariel Investments Has Some Stock Picks for Us Mar 15 2013 
WEEKLY CFO SELLS HIGHLIGHT: KOS, AXP, KKR, WBC, LOPE Mar 03 2013 
20 of the Best Dividend-Paying Asset Management Stocks Feb 25 2013 
10 Stocks with Very High Yields and Expected Earnings Growth Feb 18 2013 
comment on KKR Feb 07 2013 

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