Estimating The Fair Value Of Kingspan Group plc (ISE:KRX)
Jun 02
Irish (ISEQ) Market Analysis & Valuation
UpdatedJun 06, 2023
DataAggregated Company Financials
Companies24
- 7D0.5%
- 3M-0.8%
- 1Y9.6%
- YTD12.4%
The market has been flat over the last week. Meanwhile, the market is actually up 9.6% over the past year. Earnings are forecast to grow by 11% annually.
Market Valuation and Performance
Has the Irish Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 06 Jun 2023 | €87.2b | €59.3b | €5.9b | 13.3x | 14.9x | 1.5x |
| Thu, 04 May 2023 | €84.2b | €58.7b | €5.9b | 12x | 14.2x | 1.4x |
| Sat, 01 Apr 2023 | €84.4b | €58.7b | €5.9b | 12.3x | 14.3x | 1.4x |
| Mon, 27 Feb 2023 | €84.9b | €57.2b | €5.8b | 13.2x | 14.6x | 1.5x |
| Wed, 25 Jan 2023 | €84.3b | €53.8b | €5.8b | 12.9x | 14.6x | 1.6x |
| Fri, 23 Dec 2022 | €77.3b | €53.8b | €5.8b | 12.4x | 13.4x | 1.4x |
| Sun, 20 Nov 2022 | €76.9b | €53.8b | €5.8b | 13.4x | 13.3x | 1.4x |
| Tue, 18 Oct 2022 | €71.2b | €51.6b | €4.9b | 12.9x | 14.5x | 1.4x |
| Thu, 15 Sep 2022 | €75.2b | €51.1b | €4.9b | 15.4x | 15.4x | 1.5x |
| Sat, 13 Aug 2022 | €59.0b | €41.1b | €3.9b | 19.7x | 15.3x | 1.4x |
| Mon, 11 Jul 2022 | €55.5b | €36.9b | €3.0b | 18.2x | 18.4x | 1.5x |
| Wed, 08 Jun 2022 | €63.2b | €36.9b | €3.0b | 18.6x | 20.9x | 1.7x |
| Fri, 06 May 2022 | €110.5b | €72.7b | €6.0b | 18.9x | 18.3x | 1.5x |
| Sun, 03 Apr 2022 | €110.5b | €71.2b | €5.9b | 21.2x | 18.6x | 1.6x |
| Tue, 01 Mar 2022 | €118.5b | €67.6b | €3.7b | 23.9x | 32x | 1.8x |
| Thu, 27 Jan 2022 | €122.5b | €63.9b | €3.1b | 26.4x | 39.2x | 1.9x |
| Sat, 25 Dec 2021 | €126.8b | €63.9b | €3.1b | 27.6x | 40.6x | 2x |
| Mon, 22 Nov 2021 | €148.8b | €70.9b | €3.0b | 23.3x | 48.9x | 2.1x |
| Wed, 20 Oct 2021 | €151.7b | €69.5b | €2.5b | 22.9x | 60.7x | 2.2x |
| Fri, 17 Sep 2021 | €158.4b | €69.0b | €2.5b | 23.2x | 64.4x | 2.3x |
| Sun, 15 Aug 2021 | €158.1b | €68.8b | €2.5b | 23.3x | 64.4x | 2.3x |
| Thu, 10 Jun 2021 | €148.0b | €65.0b | €1.3b | 20.1x | 117.2x | 2.3x |
| Wed, 03 Mar 2021 | €131.6b | €61.0b | -€365,634,422.19 | 22.9x | -359.9x | 2.2x |
| Sat, 05 Dec 2020 | €125.9b | €62.9b | €391.6m | 20.8x | 321.5x | 2x |
| Tue, 08 Sep 2020 | €111.9b | €65.4b | €1.9b | 25.7x | 58.3x | 1.7x |
Price to Earnings Ratio
53.1x
Current Market PE
- Investors are pessimistic on the Irish market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 14.9x which is lower than its 3-year average PE of 28.9x.
Past Earnings Growth
- The earnings for Irish listed companies have grown 44% per year over the last three years.
- Meanwhile revenues for these companies have declined 3.2% per year.
- This means that less sales are being generated overall, but since the cost of doing business is lower, profits are increasing.
Sector Trends
Which sectors have driven the changes within the Irish Market?
| IE Market | 0.55% | |
| Utilities | 2.71% | |
| Healthcare | 2.16% | |
| Financials | 1.76% | |
| Materials | 1.73% | |
| Real Estate | 1.11% | |
| Industrials | 0.85% | |
| Energy | 0% | |
| Tech | 0% | |
| Telecom | 0% | |
| Consumer Discretionary | -0.47% | |
| Consumer Staples | -1.83% | |
Sector PE
- Investors favour the Real Estate sector the most for future growth, which is trading above its 3-year average PE ratio of 27.1x.
- Analysts are expecting annual earnings growth of 48.9%, which is lower than the prior year's growth of 2,272.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 49% over the next 5 years.
- In contrast, the Utilities sector is expected to see its earnings decline by 12% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| A5G AIB Group | €3.94 | 2.1% +€214.7m | 61.6% | PB0.8x | Financials | |
| BIRG Bank of Ireland Group | €9.20 | 2.3% +€204.0m | 46.0% | PB0.8x | Financials | |
| RYA Ryanair Holdings | €16.90 | 1.0% +€201.4m | 20.7% | PE14.6x | Industrials | |
| SK3 Smurfit Kappa Group | €34.66 | 1.7% +€151.9m | -8.8% | PE9.5x | Materials | |
| KRX Kingspan Group | €63.66 | 0.5% +€63.0m | -16.1% | PE19.4x | Industrials |
Market Insights
In just the last month, we’ve had US debt ceiling talks go from global crisis mode to a potential resolution (still to be determined)...
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