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Kore Group Valuation Multiples

Discover revenue and EBITDA valuation multiples for Kore Group and similar public comparables like Vesync, Bittium, and MapmyIndia.

Kore Group Overview

About Kore Group

Kore Group Holdings Inc provides Internet of Things (IoT) solutions and services. In addition to providing critical services to customers globally, it enables them to manage, deploy, and scale their IoT applications and use cases. It offers connectivity services, location-based services, device solutions, and managed and professional services for the development and support of IoT technology for the Machine-to-Machine market. It derives revenue from IoT Connectivity services, IoT Solutions services, SIMs (IoT Connectivity), and IoT devices (IoT Solutions). Geographically, the company generates a majority of its revenue from the United States and the rest from other countries.


Founded

2021

HQ

United States of America
Employees

600

Sectors

IoT
DeepTech

Financials

LTM Revenue $286M

LTM EBITDA $56.8M

EV

$332M

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Kore Group Financials

Kore Group has a last 12-month revenue of $286M and a last 12-month EBITDA of $56.8M.

In the most recent fiscal year, Kore Group achieved revenue of $277M and an EBITDA of -$67.3M.

Kore Group expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Kore Group P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $277M $283M XXX XXX XXX
Gross Profit $126M $139M XXX XXX XXX
Gross Margin 46% 49% XXX XXX XXX
EBITDA -$67.3M $54.8M XXX XXX XXX
EBITDA Margin -24% 19% XXX XXX XXX
Net Profit -$24.5M -$106M XXX XXX XXX
Net Margin -9% -38% XXX XXX XXX
Net Debt $316M $385M XXX XXX XXX

Financial data powered by Morningstar, Inc.

Kore Group Stock Performance

As of March 17, 2025, Kore Group's stock price is $3.

Kore Group has current market cap of $42.5M, and EV of $332M.

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Kore Group Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$332M $42.5M XXX XXX XXX XXX $-4.76

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Kore Group Valuation Multiples

As of March 17, 2025, Kore Group has market cap of $42.5M and EV of $332M.

Kore Group's trades at 1.2x LTM EV/Revenue multiple, and 5.8x LTM EBITDA.

Analysts estimate Kore Group's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Kore Group Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $332M XXX XXX XXX
EV/Revenue 1.2x XXX XXX XXX
EV/EBITDA 6.1x XXX XXX XXX
P/E -0.4x XXX XXX XXX
P/E/Growth n/a XXX XXX XXX
EV/FCF -165.9x XXX XXX XXX

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Kore Group Valuation Multiples

Kore Group's NTM/LTM revenue growth is 5%

Kore Group's revenue per employee for the last fiscal year averaged $0.5M, while opex per employee averaged $0.3M for the same period.

Over next 12 months, Kore Group's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate Kore Group's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Kore Group Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth 2% XXX XXX XXX XXX
EBITDA Margin 19% XXX XXX XXX XXX
EBITDA Growth -181% XXX XXX XXX XXX
Rule of 40 (SaaS-only) 25% XXX XXX XXX XXX
Revenue per Employee $0.5M XXX XXX XXX XXX
Opex per Employee $0.3M XXX XXX XXX XXX
S&M Expenses to Revenue n/a XXX XXX XXX XXX
G&A Expenses to Revenue n/a XXX XXX XXX XXX
R&D Expenses to Revenue n/a XXX XXX XXX XXX
Opex to Revenue 68% XXX XXX XXX XXX

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Kore Group Public Comps

See public comps and valuation multiples for IoT comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
TKH Group XXX XXX XXX XXX XXX XXX
Tanla Platforms XXX XXX XXX XXX XXX XXX
MapmyIndia XXX XXX XXX XXX XXX XXX
Bittium XXX XXX XXX XXX XXX XXX
Vesync XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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Kore Group M&A and Investment Activity

Kore Group acquired  XXX companies to date.

Last acquisition by Kore Group was  XXXXXXXX, XXXXX XXXXX XXXXXX . Kore Group acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Kore Group

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Kore Group

When was Kore Group founded? Kore Group was founded in 2021.
Where is Kore Group headquartered? Kore Group is headquartered in United States of America.
How many employees does Kore Group have? As of today, Kore Group has 600 employees.
Who is the CEO of Kore Group? Kore Group's CEO is Mr. Ronald Totton.
Is Kore Group publicy listed? Yes, Kore Group is a public company listed on NYS.
What is the stock symbol of Kore Group? Kore Group trades under KORE ticker.
When did Kore Group go public? Kore Group went public in 2021.
Who are competitors of Kore Group? Similar companies to Kore Group include e.g. TKH Group, Tanla Platforms, MapmyIndia, Bittium.
What is the current market cap of Kore Group? Kore Group's current market cap is $42.5M
What is the current revenue of Kore Group? Kore Group's last 12-month revenue is $286M.
What is the current EBITDA of Kore Group? Kore Group's last 12-month EBITDA is $56.8M.
What is the current EV/Revenue multiple of Kore Group? Current revenue multiple of Kore Group is 1.2x.
What is the current EV/EBITDA multiple of Kore Group? Current EBITDA multiple of Kore Group is 5.8x.
What is the current revenue growth of Kore Group? Kore Group revenue growth between 2023 and 2024 was 2%.
Is Kore Group profitable? Yes, Kore Group is EBITDA-positive (as of the last 12 months).

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