KKR & Co Inc Dossier
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SectorFinancials IndustryAsset Management & Custody Banks Beta (adjusted)1.52 Intrinsic Value $92.34median of 3 methodsbased on filings through 30 Jun 2026 Market Price $90.29Price as of 2 Oct 2026 Near fair valueIntrinsic value is 2% above the market price −50% · IV below pricenear fair value ±15%IV above price · +50% Data confidence Sign in to view data confidence Market Cap $83.4B Shares Outstanding 897.8M diluted Moat Rating Wide Next Earnings Date9 Nov 2026 Last ex-dividend10 Aug 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary KKR entered the second half of 2026 with strong operating momentum: second-quarter AUM reached $796 billion, quarterly capital raised was $34 billion, and fee-related earnings reached a record $1.214 billion. Subsequent closes of a $19.2 billion infrastructure fund and a $6.2 billion Arctos fund reinforce fundraising breadth. The balanced recommendation reflects execution and cyclicality risks, including dependence on realizations and the need for Strategic Holdings earnings to accelerate toward the stated full-year target. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$105.00 Mean target$126.53 High · most bullish analyst$147.00 Our research · scenarios, merits, risks, and invalidation triggersResearch as of 2 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $105.0020% A weaker fundraising or exit environment could slow AUM and fee-paying AUM growth, reduce realized performance income and delay Strategic Holdings earnings. Failure to convert announced partnerships into final agreements or to deploy newly raised capital attractively would further weaken the earnings outlook. Base CaseCentral scenario $126.5355% Matches the consensus meanFundraising and deployment remain healthy but normalize from the strongest recent quarters; recurring management fees continue to expand, while performance income remains variable. Strategic Holdings progresses toward its 2026 target without fully eliminating execution risk. Bull CaseUpside scenario $147.0025% Sustained double-digit AUM growth, continued large fund closes, resilient insurance inflows and strong realization activity could keep fee-related and total operating earnings on a structurally higher trajectory. Infrastructure fundraising and new opportunities such as AI-compute financing could broaden deployment and fee pools, subject to final agreements. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |