KINGSPAN GROUP PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 86.25 EUR | +4.55% |
|
+6.02% | +10.01% |
| Apr. 26 | Kingspan launches EUR120 million share buyback | AN |
| Apr. 26 | Kingspan keeps outlook upbeat despite "sluggish" start to year | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 9,850 | 10,424 | 19,042 | 9,191 | 14,272 | 15,791 | - | - |
| Enterprise Value (EV) 1 | 10,483 | 10,795 | 19,956 | 10,730 | 15,252 | 16,635 | 16,155 | 15,707 |
| P/E ratio | 26.8 x | 28.1 x | 34.7 x | 15.5 x | 22.4 x | 23.5 x | 21.1 x | 19 x |
| Yield | 0.24% | 0.36% | 0.44% | 0.98% | 0.67% | 0.64% | 0.7% | 0.79% |
| Capitalization / Revenue | 2.11 x | 2.28 x | 2.93 x | 1.1 x | 1.76 x | 1.86 x | 1.76 x | 1.63 x |
| EV / Revenue | 2.25 x | 2.36 x | 3.07 x | 1.29 x | 1.89 x | 1.96 x | 1.8 x | 1.62 x |
| EV / EBITDA | 18.1 x | 18.1 x | 22.3 x | 10.8 x | 14.3 x | 15.1 x | 13.6 x | 12 x |
| EV / FCF | 31.1 x | 21.3 x | 124 x | 25.4 x | 16.5 x | 26.8 x | 23.8 x | 20.3 x |
| FCF Yield | 3.22% | 4.69% | 0.8% | 3.94% | 6.06% | 3.73% | 4.2% | 4.93% |
| Price to Book | 4.75 x | 4.47 x | 6.64 x | 2.79 x | 3.64 x | 3.43 x | 3 x | 2.66 x |
| Nbr of stocks (in thousands) | 180,891 | 181,609 | 181,352 | 181,720 | 182,046 | 183,080 | - | - |
| Reference price 2 | 54.45 | 57.40 | 105.0 | 50.58 | 78.40 | 86.25 | 86.25 | 86.25 |
| Announcement Date | 2/21/20 | 2/19/21 | 2/18/22 | 2/17/23 | 2/16/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,659 | 4,576 | 6,497 | 8,341 | 8,091 | 8,469 | 8,990 | 9,711 |
| EBITDA 1 | 579.8 | 596.5 | 893 | 998 | 1,068 | 1,103 | 1,191 | 1,304 |
| EBIT 1 | 475.2 | 484.7 | 725.3 | 784.3 | 835.2 | 871.7 | 937.4 | 1,010 |
| Operating Margin | 10.2% | 10.59% | 11.16% | 9.4% | 10.32% | 10.29% | 10.43% | 10.4% |
| Earnings before Tax (EBT) 1 | 454.4 | 459.7 | 689 | 746.6 | 794.2 | 843.4 | 953.4 | 1,048 |
| Net income 1 | 369.4 | 373.6 | 554.1 | 598 | 640.3 | 671.7 | 742 | 815.2 |
| Net margin | 7.93% | 8.16% | 8.53% | 7.17% | 7.91% | 7.93% | 8.25% | 8.39% |
| EPS 2 | 2.029 | 2.044 | 3.030 | 3.269 | 3.496 | 3.675 | 4.083 | 4.549 |
| Free Cash Flow 1 | 337.1 | 506.7 | 160.4 | 422.8 | 924.5 | 620.3 | 678.3 | 774 |
| FCF margin | 7.24% | 11.07% | 2.47% | 5.07% | 11.43% | 7.32% | 7.55% | 7.97% |
| FCF Conversion (EBITDA) | 58.14% | 84.95% | 17.96% | 42.36% | 86.58% | 56.26% | 56.96% | 59.37% |
| FCF Conversion (Net income) | 91.26% | 135.63% | 28.95% | 70.7% | 144.39% | 92.35% | 91.42% | 94.94% |
| Dividend per Share 2 | 0.1300 | 0.2060 | 0.4590 | 0.4940 | 0.5290 | 0.5563 | 0.6050 | 0.6829 |
| Announcement Date | 2/21/20 | 2/19/21 | 2/18/22 | 2/17/23 | 2/16/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 Q3 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,416 | 2,073 | 2,503 | 2,900 | 1,800 | 3,576 | 4,153 | 4,188 | 4,084 | 4,007 |
| EBITDA | - | - | - | - | - | - | - | 485.8 | - | - |
| EBIT | 255.8 | 189.2 | - | - | - | - | 434.2 | 350.1 | - | - |
| Operating Margin | 10.59% | 9.13% | - | - | - | - | 10.45% | 8.36% | - | - |
| Earnings before Tax (EBT) | 245.5 | 177.5 | - | - | - | - | 309.5 | 359 | - | - |
| Net income | 200.1 | - | - | - | - | - | - | 288.5 | - | - |
| Net margin | 8.28% | - | - | - | - | - | - | 6.89% | - | - |
| EPS | 1.096 | - | - | - | - | - | 1.693 | 1.576 | 1.741 | 1.755 |
| Dividend per Share | - | - | - | - | - | 0.2600 | - | 0.2380 | 0.2630 | - |
| Announcement Date | 2/21/20 | 8/21/20 | 2/19/21 | 8/20/21 | 11/18/21 | 2/18/22 | 8/19/22 | 2/17/23 | 8/18/23 | 2/16/24 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 633 | 371 | 914 | 1,539 | 980 | 844 | 364 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | 83.5 |
| Leverage (Debt/EBITDA) | 1.092 x | 0.6216 x | 1.024 x | 1.542 x | 0.9173 x | 0.7658 x | 0.306 x | - |
| Free Cash Flow 1 | 337 | 507 | 160 | 423 | 925 | 620 | 678 | 774 |
| ROE (net income / shareholders' equity) | 19.3% | 16.9% | 21.1% | 19.3% | 17.9% | 16.3% | 15.5% | 15.6% |
| ROA (Net income/ Total Assets) | 8.88% | 7.76% | 9.45% | 8.5% | 8.17% | 8.07% | 8.35% | 8.59% |
| Assets 1 | 4,159 | 4,815 | 5,865 | 7,035 | 7,842 | 8,319 | 8,887 | 9,491 |
| Book Value Per Share 2 | 11.50 | 12.80 | 15.80 | 18.10 | 21.60 | 25.10 | 28.70 | 32.40 |
| Cash Flow per Share 2 | 2.860 | 3.490 | 1.800 | 3.780 | 6.350 | 4.820 | 5.280 | 5.150 |
| Capex 1 | 161 | 132 | 169 | 269 | 238 | 253 | 267 | 276 |
| Capex / Sales | 3.46% | 2.88% | 2.6% | 3.23% | 2.94% | 2.99% | 2.97% | 2.84% |
| Announcement Date | 2/21/20 | 2/19/21 | 2/18/22 | 2/17/23 | 2/16/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
86.25
EUR
Average target price
80.11
EUR
Spread / Average Target
-7.12%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +10.01% | 16.86B | |
| -7.61% | 3.01B | |
| +0.95% | 1.64B | |
| -5.68% | 920M | |
| -1.54% | 789M | |
| -3.00% | 632M | |
| -26.07% | 565M | |
| +3.29% | 474M | |
| -13.14% | 471M | |
| -20.05% | 439M |
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