KINGSPAN GROUP PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 90 EUR | -1.59% |
|
+0.56% | +14.80% |
| May. 22 | Barclays cuts NextEnergy but lifts JLEN | AN |
| May. 10 | UBS Downgrades Kingspan Group to Neutral from Buy, Lifts PT | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 9,850 | 10,424 | 19,042 | 9,191 | 14,272 | 16,698 | - | - |
| Enterprise Value (EV) 1 | 10,483 | 10,795 | 19,956 | 10,730 | 15,252 | 17,657 | 17,252 | 16,844 |
| P/E ratio | 26.8 x | 28.1 x | 34.7 x | 15.5 x | 22.4 x | 25.2 x | 22.7 x | 20.6 x |
| Yield | 0.24% | 0.36% | 0.44% | 0.98% | 0.67% | 0.6% | 0.66% | 0.72% |
| Capitalization / Revenue | 2.11 x | 2.28 x | 2.93 x | 1.1 x | 1.76 x | 1.99 x | 1.88 x | 1.75 x |
| EV / Revenue | 2.25 x | 2.36 x | 3.07 x | 1.29 x | 1.89 x | 2.11 x | 1.94 x | 1.77 x |
| EV / EBITDA | 18.1 x | 18.1 x | 22.3 x | 10.8 x | 14.3 x | 16 x | 14.4 x | 12.8 x |
| EV / FCF | 31.1 x | 21.3 x | 124 x | 25.4 x | 16.5 x | 30.1 x | 26.1 x | 22.3 x |
| FCF Yield | 3.22% | 4.69% | 0.8% | 3.94% | 6.06% | 3.32% | 3.84% | 4.49% |
| Price to Book | 4.75 x | 4.47 x | 6.64 x | 2.79 x | 3.64 x | 3.67 x | 3.21 x | 2.84 x |
| Nbr of stocks (in thousands) | 180,891 | 181,609 | 181,352 | 181,720 | 182,046 | 182,586 | - | - |
| Reference price 2 | 54.45 | 57.40 | 105.0 | 50.58 | 78.40 | 91.45 | 91.45 | 91.45 |
| 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 | 8,374 | 8,899 | 9,522 |
| EBITDA 1 | 579.8 | 596.5 | 893 | 998 | 1,068 | 1,104 | 1,198 | 1,319 |
| EBIT 1 | 475.2 | 484.7 | 725.3 | 784.3 | 835.2 | 878.9 | 953.4 | 1,027 |
| Operating Margin | 10.2% | 10.59% | 11.16% | 9.4% | 10.32% | 10.5% | 10.71% | 10.78% |
| Earnings before Tax (EBT) 1 | 454.4 | 459.7 | 689 | 746.6 | 794.2 | 829.9 | 922.5 | 1,017 |
| Net income 1 | 369.4 | 373.6 | 554.1 | 598 | 640.3 | 661.7 | 733.1 | 801.1 |
| Net margin | 7.93% | 8.16% | 8.53% | 7.17% | 7.91% | 7.9% | 8.24% | 8.41% |
| EPS 2 | 2.029 | 2.044 | 3.030 | 3.269 | 3.496 | 3.629 | 4.033 | 4.445 |
| Free Cash Flow 1 | 337.1 | 506.7 | 160.4 | 422.8 | 924.5 | 587 | 662 | 756.3 |
| FCF margin | 7.24% | 11.07% | 2.47% | 5.07% | 11.43% | 7.01% | 7.44% | 7.94% |
| FCF Conversion (EBITDA) | 58.14% | 84.95% | 17.96% | 42.36% | 86.58% | 53.19% | 55.24% | 57.36% |
| FCF Conversion (Net income) | 91.26% | 135.63% | 28.95% | 70.7% | 144.39% | 88.71% | 90.3% | 94.42% |
| Dividend per Share 2 | 0.1300 | 0.2060 | 0.4590 | 0.4940 | 0.5290 | 0.5522 | 0.6049 | 0.6558 |
| 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 | 959 | 555 | 147 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.092 x | 0.6216 x | 1.024 x | 1.542 x | 0.9173 x | 0.8694 x | 0.4631 x | 0.1113 x |
| Free Cash Flow 1 | 337 | 507 | 160 | 423 | 925 | 587 | 662 | 756 |
| ROE (net income / shareholders' equity) | 19.3% | 16.9% | 21.1% | 19.3% | 17.9% | 15.9% | 15.1% | 14.7% |
| ROA (Net income/ Total Assets) | 8.88% | 7.76% | 9.45% | 8.5% | 8.17% | 7.65% | 8.05% | 8.32% |
| Assets 1 | 4,159 | 4,815 | 5,865 | 7,035 | 7,842 | 8,646 | 9,103 | 9,629 |
| Book Value Per Share 2 | 11.50 | 12.80 | 15.80 | 18.10 | 21.60 | 24.90 | 28.50 | 32.30 |
| Cash Flow per Share 2 | 2.860 | 3.490 | 1.800 | 3.780 | 6.350 | 4.680 | 5.150 | 5.310 |
| Capex 1 | 161 | 132 | 169 | 269 | 238 | 256 | 267 | 275 |
| Capex / Sales | 3.46% | 2.88% | 2.6% | 3.23% | 2.94% | 3.06% | 3% | 2.89% |
| 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
91.45
EUR
Average target price
82.47
EUR
Spread / Average Target
-9.82%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +14.80% | 18.13B | |
| -20.75% | 2.64B | |
| +4.17% | 1.7B | |
| +1.49% | 977M | |
| -1.54% | 813M | |
| +1.72% | 671M | |
| -15.29% | 661M | |
| +34.27% | 476M | |
| -18.86% | 447M | |
| -6.73% | 433M |
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- Financials Kingspan Group plc
