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Kogan.com Ltd (KGN) Fair Value & Analysis

Consumer Cyclical · AU · Market cap A$390M

KC Kogan.com Ltd KGN · AU
PriceA$4.36
Fair ValueA$2.53
Upside-42.0%
Quality95/100
Evidence: Medium Range A$1.90 – A$3.16

Fair value as of: Jun 24, 2026

From 10 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from A$4.30 to A$2.53 (−41.2%) since Jun 23, 2026. Share price +2.9% over the past month.

Price vs Fair Value (12 months)

A$4.57 A$3.00 Fair Value A$2.53 Jun 2025 Jun 2026

12‑month range A$3.00 – A$4.57 · fair‑value band A$1.90 – A$3.16 · the A$4.36 price screens above the A$2.53 fair value. As of Jun 24, 2026.

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Analysis

Kogan.com Ltd (KGN) currently trades at A$4.36, while our model-based Fair Value estimate is A$2.53 — implying the stock looks roughly 42.0% overvalued today. We read business quality at 95/100 (high quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).

Over the trailing twelve months, Kogan.com Ltd generated revenue of A$503M at a net margin of -8.3%. Revenue grew 5.5% year over year. It earns a return on equity of -46.7%. The balance sheet holds a net cash position of A$25.5M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) A$503M
Revenue growth (YoY) +5.5%
Net margin -8.3%
Return on equity -46.7%
Free cash flow A$37.0M FY2025
Operating margin 5.0%
More key figures
EPS (TTM) A$-0.4100
Dividend yield 3.6%
EPS growth (YoY) -18.5%
Net cash A$25.5M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Kogan.com Ltd operates as an online retailer in Australia. The company offers various brands across a range of categories, including consumer electronics, appliances, homewares, hardware, toys, and others, as well as furniture, gaming, and other entertainment products; and owns and operates private label brands. It also provides pre-paid mobile phone plans. In addition, the company offers general insurances, including home, contents, and car, as well as pet and life insurance; and NBN internet plans. Further, it provides superannuation funds, credit cards, and power and gas services. The company provides its products under the company's brands, such as Kogan, Ovela, Fortis, Vostok, and Komodo, as well as products from third party brands comprising Apple, Canon, Swann, and Samsung. The company was founded in 2006 and is based in Melbourne, Australia.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kogan.com Ltd reported revenue of A$488M in FY2025 versus A$779M in FY2021, a compound −11.0%/yr. Reported net income was −A$39.5M in FY2025.

Revenue −11.0%/yr
FY21 A$779M
FY22 A$718M
FY23 A$488M
FY24 A$460M
FY25 A$488M
Net income
FY21 A$3.5M
FY22 −A$35.5M
FY23 −A$25.9M
FY24 A$83.0K
FY25 −A$39.5M

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Frequently asked questions

Is Kogan.com Ltd (KGN) undervalued?
As of Jun 24, 2026, our model estimates a fair value of A$2.53 versus a price of A$4.36 — about −42% (overvalued). Model-based estimate, not financial advice.
What is the fair value of KGN?
Our 21-model fair value for Kogan.com Ltd is A$2.53 (as of Jun 24, 2026), built from audited fundamentals. The current price is A$4.36.
What is the quality score of KGN?
Kogan.com Ltd has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Kogan.com Ltd (KGN)?
Kogan.com Ltd reported trailing-twelve-month revenue of about A$503M (latest available figure, as of Jun 24, 2026).
What is the net profit margin of KGN?
The net profit margin of Kogan.com Ltd is about -8.3%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Kogan.com Ltd pay a dividend?
Kogan.com Ltd currently shows a dividend yield of about 3.63% relative to its recent price (as of Jun 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.