# KKR Income Opportunities Fund (KIO) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Financial Services / Capital Markets. Price $9.92, market value $407 million.

## Valuation
- **P/E (trailing): 10.1×** (5-yr avg 9.7×, 3-yr avg 9.7×). KKR Income Opportunities Fund trades at 10.1× trailing earnings, close to its own five-year average of 9.7×. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 15.6×**. Each dollar of revenue is priced at 15.6×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 0.8×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: 17.9%** (5-yr avg 6.5%). Free cash flow equals 17.9% of the market value, above its five-year average of 6.5%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 9.9%**. The inverse of the P/E: 9.9% of the price is earned each year.

## Profitability
- **Net margin: 89.3%**. 89.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 4.5%**. 4.5% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on assets: 2.9%**. Each dollar of assets produces 2.9% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -62.0%**. Revenue fell 62.0% over the last year.
- **EPS growth (1 yr): -78.3%**. Earnings per share fell 78.3%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 39.2%/yr**. Free cash flow has compounded at 39.2% a year over three years.

## Financial health
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.
- **Cash and short-term investments: $74 million**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 14.70%** ($1.46 per share, trailing). KKR Income Opportunities Fund yields 14.70%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 226%** (72% of free cash flow). The dividend exceeds earnings (226% payout), though free cash flow still covers it.
- **Consecutive years of increases: 4**. 4 straight years of increases.
- **Dividend growth (5 yr): 0.1%/yr** (1-yr 0.0%). The dividend has grown 0.1% a year over five years.

## Price and momentum
- **Total return (1 yr): -10.0%** (YTD -7.9%, 3-mo -10.0%). The shares are down 10.0% over twelve months including dividends.
- **From 52-week high: -18.2%** (2.3% above the low). Trading 18% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 40**. An RSI of 40 is neutral.
- **Beta (1 yr): 0.48** (volatility 11%). Beta of 0.48 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=KIO · Page: https://foliofundamentals.com/stocks/kio

Not investment advice.