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- Kakao Pay
Kakao Pay Valuation Multiples
Discover revenue and EBITDA valuation multiples for Kakao Pay and similar public comparables like NOBA Bank, Nexi, Edenred, Klarna and more.
Kakao Pay Overview
About Kakao Pay
kakaopay Corp is a mobile payment and digital wallet service provider. It provides easy payment, easy remittance, and other financial services. It operates in two segments: Financial Services and Non-financial Services.
Founded
2017
HQ

Employees
1.2K
Website
Financials (LTM)
EV
$2B
Kakao Pay Financials
Kakao Pay reported last 12-month revenue of $692M and EBITDA of $81M.
In the same LTM period, Kakao Pay generated $692M in gross profit, $81M in EBITDA, and $48M in net income.
Revenue (LTM)
Kakao Pay P&L
In the most recent fiscal year, Kakao Pay reported revenue of $652M and EBITDA of $89M.
Kakao Pay expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $692M | XXX | $652M | XXX | XXX | XXX |
| Gross Profit | $692M | XXX | $648M | XXX | XXX | XXX |
| Gross Margin | 100% | XXX | 99% | XXX | XXX | XXX |
| EBITDA | $81M | XXX | $89M | XXX | XXX | XXX |
| EBITDA Margin | 12% | XXX | 14% | XXX | XXX | XXX |
| EBIT Margin | 7% | XXX | 5% | XXX | XXX | XXX |
| Net Profit | $48M | XXX | $37M | XXX | XXX | XXX |
| Net Margin | 7% | XXX | 6% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Kakao Pay Stock Performance
Kakao Pay has current market cap of $5B, and enterprise value of $2B.
Market Cap Evolution
Kakao Pay's stock price is $38.36.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $5B | 1.7% | XXX | XXX | XXX | $0.27 |
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Start Free TrialKakao Pay Valuation Multiples
Kakao Pay trades at 3.6x EV/Revenue multiple, and 30.7x EV/EBITDA.
EV / Revenue (LTM)
Kakao Pay Financial Valuation Multiples
As of April 18, 2026, Kakao Pay has market cap of $5B and EV of $2B.
Equity research analysts estimate Kakao Pay's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Kakao Pay has a P/E ratio of 107.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 3.6x | XXX | 3.8x | XXX | XXX | XXX |
| EV/EBITDA | 30.7x | XXX | 27.8x | XXX | XXX | XXX |
| EV/EBIT | 51.9x | XXX | 72.3x | XXX | XXX | XXX |
| EV/Gross Profit | 3.6x | XXX | 3.8x | XXX | XXX | XXX |
| P/E | 107.5x | XXX | 141.5x | XXX | XXX | XXX |
| EV/FCF | 9.6x | XXX | 9.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Kakao Pay Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Kakao Pay Margins & Growth Rates
Kakao Pay's revenue in the last 12 month grew by 20%.
Kakao Pay's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.5M for the same period.
Kakao Pay's rule of 40 is 36% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Kakao Pay's rule of X is 68% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Kakao Pay Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 20% | XXX | 21% | XXX | XXX | XXX |
| EBITDA Margin | 12% | XXX | 14% | XXX | XXX | XXX |
| EBITDA Growth | 53% | XXX | 27% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 36% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 68% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 10% | XXX | 51% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 11% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 94% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Kakao Pay Public Comps
See public comps and valuation multiples for other Payment Service Providers and Neobanking comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Kakao Pay | XXX | XXX | XXX | XXX | XXX | XXX |
| NOBA Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Nexi | XXX | XXX | XXX | XXX | XXX | XXX |
| Edenred | XXX | XXX | XXX | XXX | XXX | XXX |
| Klarna | XXX | XXX | XXX | XXX | XXX | XXX |
| GMO Payment Gateway | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Kakao Pay M&A Activity
Kakao Pay acquired XXX companies to date.
Last acquisition by Kakao Pay was on XXXXXXXX, XXXXX. Kakao Pay acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Kakao Pay
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialKakao Pay Investment Activity
Kakao Pay invested in XXX companies to date.
Kakao Pay made its latest investment on XXXXXXXX, XXXXX. Kakao Pay invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Kakao Pay
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Kakao Pay
| When was Kakao Pay founded? | Kakao Pay was founded in 2017. |
| Where is Kakao Pay headquartered? | Kakao Pay is headquartered in South Korea. |
| How many employees does Kakao Pay have? | As of today, Kakao Pay has over 1K employees. |
| Who is the CEO of Kakao Pay? | Kakao Pay's CEO is Won-Geun Shin. |
| Is Kakao Pay publicly listed? | Yes, Kakao Pay is a public company listed on Korea Exchange. |
| What is the stock symbol of Kakao Pay? | Kakao Pay trades under 377300 ticker. |
| When did Kakao Pay go public? | Kakao Pay went public in 2021. |
| Who are competitors of Kakao Pay? | Kakao Pay main competitors are NOBA Bank, Nexi, Edenred, Klarna. |
| What is the current market cap of Kakao Pay? | Kakao Pay's current market cap is $5B. |
| What is the current revenue of Kakao Pay? | Kakao Pay's last 12 months revenue is $692M. |
| What is the current revenue growth of Kakao Pay? | Kakao Pay revenue growth (NTM/LTM) is 20%. |
| What is the current EV/Revenue multiple of Kakao Pay? | Current revenue multiple of Kakao Pay is 3.6x. |
| Is Kakao Pay profitable? | Yes, Kakao Pay is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Kakao Pay? | Kakao Pay's last 12 months EBITDA is $81M. |
| What is Kakao Pay's EBITDA margin? | Kakao Pay's last 12 months EBITDA margin is 12%. |
| What is the current EV/EBITDA multiple of Kakao Pay? | Current EBITDA multiple of Kakao Pay is 30.7x. |
| What is the current FCF of Kakao Pay? | Kakao Pay's last 12 months FCF is $258M. |
| What is Kakao Pay's FCF margin? | Kakao Pay's last 12 months FCF margin is 37%. |
| What is the current EV/FCF multiple of Kakao Pay? | Current FCF multiple of Kakao Pay is 9.6x. |
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