Announcement • May 15
Kinepolis Group NV Approves Dividend, Payable on May 20, 2026 The Ordinary General Meeting of Kinepolis Group NV has decided to pay out a dividend of €0.65 gross per share to the shareholders. After deduction of the Belgian withholding tax, the net dividend amounts to €0.455 per share. The dividend will be paid out as from 20 May 2026. The ex coupon date is fixed at 18 May 2026 and the record date at 19 May 2026. Upcoming Dividend • May 11
Upcoming dividend of €0.46 per share Eligible shareholders must have bought the stock before 18 May 2026. Payment date: 20 May 2026. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Belgian dividend payers (6.3%). Lower than average of industry peers (2.6%). Reported Earnings • Apr 15
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: €1.42 (down from €1.51 in FY 2024). Revenue: €564.9m (down 2.3% from FY 2024). Net income: €37.9m (down 6.3% from FY 2024). Profit margin: 6.7% (down from 7.0% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Entertainment industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Mar 27
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to €25.20. The fair value is estimated to be €32.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.8% over the last 3 years. Earnings per share has grown by 5.5%. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 24% per annum over the same time period. Buy Or Sell Opportunity • Mar 02
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to €26.70. The fair value is estimated to be €34.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.8% over the last 3 years. Earnings per share has grown by 5.5%. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 24% per annum over the same time period. Declared Dividend • Feb 23
Dividend of €0.46 announced Shareholders will receive a dividend of €0.46. Ex-date: 18th May 2026 Payment date: 20th May 2026 Dividend yield will be 1.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. EPS is expected to grow by 59% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 22
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: €1.42 (down from €1.51 in FY 2024). Revenue: €564.9m (down 2.3% from FY 2024). Net income: €37.9m (down 6.3% from FY 2024). Profit margin: 6.7% (down from 7.0% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Entertainment industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Feb 20
Kinepolis Group NV Proposes Dividend Kinepolis Group NV's proposed gross dividend of €0.65 per share to the General Meeting. New Risk • Feb 12
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (162% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 24
First half 2025 earnings released First half 2025 results: Revenue: €257.9m (up 6.2% from 1H 2024). Net income: €6.97m (up €6.85m from 1H 2024). Profit margin: 2.7% (up from 0% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Entertainment industry in Europe. Reported Earnings • Apr 14
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: €1.51 (down from €2.08 in FY 2023). Revenue: €578.2m (down 4.5% from FY 2023). Net income: €40.5m (down 28% from FY 2023). Profit margin: 7.0% (down from 9.3% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 9.3%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Entertainment industry in Europe. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Price Target Changed • Feb 28
Price target decreased by 7.2% to €50.25 Down from €54.15, the current price target is an average from 4 analysts. New target price is 48% above last closing price of €34.05. Stock is down 22% over the past year. The company is forecast to post earnings per share of €1.64 for next year compared to €2.08 last year. Price Target Changed • Jan 16
Price target decreased by 7.6% to €51.90 Down from €56.15, the current price target is an average from 4 analysts. New target price is 42% above last closing price of €36.45. Stock is down 8.9% over the past year. The company is forecast to post earnings per share of €1.64 for next year compared to €2.08 last year. Reported Earnings • Aug 26
First half 2024 earnings released First half 2024 results: Revenue: €242.8m (down 15% from 1H 2023). Net income: €117.0k (down 99% from 1H 2023). Profit margin: 0% (down from 7.3% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Entertainment industry in Europe. Major Estimate Revision • Aug 22
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €632.4m to €618.4m. EPS estimate also fell from €2.52 per share to €2.11 per share. Net income forecast to grow 7.8% next year vs 30% growth forecast for Entertainment industry in Belgium. Consensus price target down from €57.20 to €54.15. Share price was steady at €38.50 over the past week. Announcement • Aug 22
Kinepolis Appoints Pieter-Jan Sonck as New CFO Kinepolis appointed Mr. Pieter-Jan Sonck as new CFO. Upcoming Dividend • May 09
Upcoming dividend of €0.39 per share Eligible shareholders must have bought the stock before 13 May 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Belgian dividend payers (6.9%). Lower than average of industry peers (1.8%). Reported Earnings • Feb 25
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: €2.08 (up from €1.02 in FY 2022). Revenue: €605.5m (up 21% from FY 2022). Net income: €56.1m (up 103% from FY 2022). Profit margin: 9.3% (up from 5.5% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.2%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Entertainment industry in Europe. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Declared Dividend • Feb 25
Dividend of €0.39 announced Shareholders will receive a dividend of €0.39. Ex-date: 13th May 2024 Payment date: 15th May 2024 Dividend yield will be 0.9%, which is lower than the industry average of 1.4%. Payout Ratios Payout ratio: 18%. Cash payout ratio: 6%. Announcement • Jan 24
Kinepolis Group NV to Report Fiscal Year 2023 Results on Feb 22, 2024 Kinepolis Group NV announced that they will report fiscal year 2023 results on Feb 22, 2024 Buying Opportunity • Jan 17
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be €53.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 85%. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings is also forecast to grow by 25% per annum over the same time period. Reported Earnings • Aug 18
First half 2023 earnings released: EPS: €0.77 (vs €0.34 in 1H 2022) First half 2023 results: EPS: €0.77 (up from €0.34 in 1H 2022). Revenue: €285.3m (up 25% from 1H 2022). Net income: €20.8m (up 129% from 1H 2022). Profit margin: 7.3% (up from 4.0% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Entertainment industry in Europe. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Jun 21
Kinepolis Group NV (ENXTBR:KIN) commences an Equity Buyback Plan for 550,000 shares, representing 2.04% of its issued share capital, under the authorization approved on May 10, 2023. Kinepolis Group NV (ENXTBR:KIN) commences share repurchases on June 13, 2023, under the program mandated by the shareholders in the Extraordinary General Meeting held on May 10, 2023. As per the mandate, the company is authorized to repurchase its 550,000 shares, representing 2.04% of its issued share capital. The shares will be repurchased at a price per share that is not may be lower than the par value per share and by more than 115% of the closing price at which the shares are quoted on Euronext Brussels on the day preceding that of the purchase or exchange. The repurchased shares will be used to cover share options. This authorization is valid for a period of five years. As of May 11, 2023, the company had 27,365,197 shares in total of which 382,396 were treasury shares
On June 12, 2023, the company announces a share repurchase program. Under the program, the company will repurchase up to 200,000 own shares, for a total of €10 million through an independent broker. The repurchases will commence on June 13, 2023, and the program will expire on August 16, 2023. Upcoming Dividend • May 05
Upcoming dividend of €0.18 per share at 0.6% yield Eligible shareholders must have bought the stock before 12 May 2023. Payment date: 16 May 2023. Trailing yield: 0.6%. Lower than top quartile of Belgian dividend payers (6.5%). Lower than average of industry peers (2.1%). Reported Earnings • Apr 14
Full year 2022 earnings: Revenues miss analyst expectations Full year 2022 results: Revenue: €499.9m (up 88% from FY 2021). Net income: €27.5m (up €52.9m from FY 2021). Profit margin: 5.5% (up from net loss in FY 2021). Revenue missed analyst estimates by 1.7%. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Entertainment industry in Europe. Buying Opportunity • Mar 10
Now 21% undervalued Over the last 90 days, the stock is up 7.4%. The fair value is estimated to be €52.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.9% per annum. Earnings is also forecast to grow by 29% per annum over the same time period. Buying Opportunity • Feb 22
Now 23% undervalued Over the last 90 days, the stock is up 8.8%. The fair value is estimated to be €52.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 25% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 9.4% per annum. Earnings is also forecast to grow by 27% per annum over the same time period. Announcement • Feb 16
Kinepolis Group NV to Propsos Dividend The Board of Directors of Kinepolis Group NV will propose a gross dividend of €0.26 per share to the General Meeting. This corresponds to a pay-out ratio of 25% pending further recovery of the Group's solvency and debt reduction. Buying Opportunity • Feb 06
Now 21% undervalued Over the last 90 days, the stock is up 1.9%. The fair value is estimated to be €50.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 25% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 9.8% per annum. Earnings is also forecast to grow by 33% per annum over the same time period. Price Target Changed • Jan 03
Price target decreased to €54.50 Down from €64.17, the current price target is an average from 3 analysts. New target price is 37% above last closing price of €39.66. Stock is down 28% over the past year. The company is forecast to post earnings per share of €1.40 next year compared to a net loss per share of €0.94 last year. Major Estimate Revision • Dec 21
Consensus EPS estimates fall by 20% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €555.4m to €545.0m. EPS estimate also fell from €1.76 per share to €1.40 per share. Net income forecast to grow 108% next year vs 29% growth forecast for Entertainment industry in Belgium. Consensus price target down from €64.17 to €60.83. Share price fell 4.2% to €38.58 over the past week. Price Target Changed • Dec 20
Price target decreased to €60.83 Down from €68.83, the current price target is an average from 3 analysts. New target price is 63% above last closing price of €37.32. Stock is down 27% over the past year. The company is forecast to post earnings per share of €1.40 next year compared to a net loss per share of €0.94 last year. Announcement • Dec 20
Kinepolis Group NV to Report First Half, 2023 Results on Aug 17, 2023 Kinepolis Group NV announced that they will report first half, 2023 results on Aug 17, 2023 Buying Opportunity • Dec 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 2.0%. The fair value is estimated to be €50.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 25% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 9.6% per annum. Earnings is also forecast to grow by 26% per annum over the same time period. Announcement • Dec 16
Kinepolis Group NV acquired Les Cinémas Pathé Gaumont from Pathé SAS. Kinepolis Group NV acquired Les Cinémas Pathé Gaumont from Pathé SAS on December 14 2022. Following this acquisition, Kinepolis France now operates 15 Kinepolis cinemas and one Arthouse cinema named Klub, with a total of 176 screens and over 40,000 seats.Kinepolis Group NV completed the acquisition of Les Cinémas Pathé Gaumont from Pathé SAS on December 14 2022. Major Estimate Revision • Nov 17
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €570.2m to €555.4m. EPS estimate also fell from €2.04 per share to €1.76 per share. Net income forecast to grow 125% next year vs 32% growth forecast for Entertainment industry in Belgium. Consensus price target down from €68.83 to €64.17. Share price fell 5.6% to €37.10 over the past week. Price Target Changed • Nov 16
Price target decreased to €64.17 Down from €69.50, the current price target is an average from 3 analysts. New target price is 66% above last closing price of €38.58. Stock is down 25% over the past year. The company is forecast to post earnings per share of €2.04 next year compared to a net loss per share of €0.94 last year. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Vice Chairman Philip Ghekiere was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Aug 30
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from €2.44 to €2.04 per share. Revenue forecast steady at €570.2m. Net income forecast to grow 171% next year vs 24% growth forecast for Entertainment industry in Belgium. Consensus price target of €73.50 unchanged from last update. Share price fell 4.0% to €43.44 over the past week. Reported Earnings • Aug 20
First half 2022 earnings released: EPS: €0 (vs €1.70 loss in 1H 2021) First half 2022 results: EPS: €0 (up from €1.70 loss in 1H 2021). Revenue: €228.0m (up €191.2m from 1H 2021). Net income: €9.10m (up €54.7m from 1H 2021). Profit margin: 4.0% (up from net loss in 1H 2021). Over the next year, revenue is forecast to grow 36%, compared to a 25% growth forecast for the Entertainment industry in Belgium. Announcement • Aug 18
Kinepolis Group Nv Appoints Mr. Jeroen Mouton as the New CFO, Effective on November 15, 2022 Kinepolis Group NV announced Appointment of Mr. Jeroen Mouton as the new CFO. He will start on 15 November 2022. Announcement • Aug 13
Kinepolis Group NV (ENXTBR:KIN) acquired Operations of Two Spanish Cinemas. Kinepolis Group NV (ENXTBR:KIN) acquired Operations of Two Spanish Cinemas on August 11, 2022.
Kinepolis Group NV (ENXTBR:KIN) completed the acquisition Operations of Two Spanish Cinemas on August 11, 2022. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Vice Chairman Philip Ghekiere was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 16
Kinepolis Group NV to Report Fiscal Year 2022 Results on Feb 16, 2023 Kinepolis Group NV announced that they will report fiscal year 2022 results on Feb 16, 2023 Price Target Changed • Feb 21
Price target increased to €74.17 Up from €69.00, the current price target is an average from 3 analysts. New target price is 28% above last closing price of €57.90. Stock is up 47% over the past year. The company is forecast to post earnings per share of €2.64 next year compared to a net loss per share of €0.94 last year. Reported Earnings • Feb 19
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: €0.94 loss per share (up from €2.56 loss in FY 2020). Revenue: €266.4m (up 51% from FY 2020). Net loss: €25.4m (loss narrowed 63% from FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 23%. Over the next year, revenue is forecast to grow 118%, compared to a 46% growth forecast for the industry in Belgium. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Price Target Changed • Sep 08
Price target increased to €55.00 Up from €50.67, the current price target is an average from 3 analysts. New target price is 16% above last closing price of €47.28. Stock is up 30% over the past year. Price Target Changed • Sep 02
Price target increased to €53.67 Up from €49.67, the current price target is an average from 3 analysts. New target price is 11% above last closing price of €48.34. Stock is up 33% over the past year.