Kingfisher Valuation

Is KFI1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of KFI1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KFI1 (€3.56) is trading above our estimate of fair value (€2.66)

Significantly Below Fair Value: KFI1 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for KFI1?

Key metric: As KFI1 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for KFI1. This is calculated by dividing KFI1's market cap by their current earnings.
What is KFI1's PE Ratio?
PE Ratio15.4x
EarningsUK£345.00m
Market CapUK£5.32b

Price to Earnings Ratio vs Peers

How does KFI1's PE Ratio compare to its peers?

The above table shows the PE ratio for KFI1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.3x
HBM HORNBACH Baumarkt
24.8xn/a€1.8b
HBH HORNBACH Holding KGaA
7.7x6.8%€1.3b
ZAL Zalando
37x21.9%€7.6b
FIE Fielmann Group
23.8x18.9%€3.4b
KFI1 Kingfisher
15.4x13.6%€5.3b

Price-To-Earnings vs Peers: KFI1 is good value based on its Price-To-Earnings Ratio (15.4x) compared to the peer average (23.3x).


Price to Earnings Ratio vs Industry

How does KFI1's PE Ratio compare vs other companies in the European Specialty Retail Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
KFI1 15.4xIndustry Avg. 16.3xNo. of Companies13PE01020304050+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KFI1 is good value based on its Price-To-Earnings Ratio (15.4x) compared to the European Specialty Retail industry average (16.3x).


Price to Earnings Ratio vs Fair Ratio

What is KFI1's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

KFI1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.4x
Fair PE Ratio13.7x

Price-To-Earnings vs Fair Ratio: KFI1 is expensive based on its Price-To-Earnings Ratio (15.4x) compared to the estimated Fair Price-To-Earnings Ratio (13.7x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst KFI1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€3.56
€3.73
+4.8%
13.3%€4.65€2.93n/a13
Nov ’25€3.55
€3.76
+5.7%
12.9%€4.65€2.93n/a14
Oct ’25€3.83
€3.62
-5.4%
10.7%€4.19€2.92n/a13
Sep ’25€3.37
€3.06
-9.3%
14.9%€3.64€2.11n/a14
Aug ’25€3.34
€3.09
-7.2%
14.9%€3.68€2.14n/a14
Jul ’25€2.96
€2.97
+0.1%
15.4%€3.58€2.12n/a14
Jun ’25€3.10
€2.97
-4.1%
15.4%€3.58€2.12n/a14
May ’25€2.91
€2.82
-3.1%
16.4%€3.56€2.10n/a15
Apr ’25€2.93
€2.72
-7.0%
15.8%€3.50€2.10n/a16
Mar ’25€2.72
€2.68
-1.5%
14.4%€3.50€2.10n/a16
Feb ’25€2.55
€2.76
+8.1%
16.6%€3.87€2.23n/a17
Jan ’25€2.83
€2.69
-4.7%
17.2%€3.83€2.09n/a18
Dec ’24€2.64
€2.69
+1.7%
17.2%€3.82€2.08n/a18
Nov ’24€2.44
€2.72
+11.4%
19.1%€3.81€2.02€3.5517
Oct ’24€2.59
€2.73
+5.4%
18.9%€3.81€2.02€3.8318
Sep ’24€2.72
€3.04
+11.6%
18.4%€4.07€2.03€3.3718
Aug ’24€2.87
€3.05
+6.4%
18.7%€4.09€1.93€3.3418
Jul ’24€2.68
€3.07
+14.8%
18.8%€4.10€1.93€2.9618
Jun ’24€2.74
€3.03
+10.5%
18.9%€4.05€1.91€3.1018
May ’24€2.94
€2.96
+1.0%
19.2%€3.96€1.87€2.9119
Apr ’24€2.98
€2.98
+0.03%
19.1%€3.98€1.88€2.9319
Mar ’24€3.20
€2.80
-12.5%
17.3%€3.74€1.87€2.7218
Feb ’24€3.15
€2.71
-13.9%
17.7%€3.74€1.70€2.5518
Jan ’24€2.68
€2.78
+3.6%
17.3%€3.84€1.74€2.8318
Dec ’23€2.88
€2.78
-3.6%
17.3%€3.84€1.74€2.6418
Nov ’23€2.59
€2.79
+7.7%
18.1%€3.76€1.71€2.4418

Analyst Forecast: Target price is less than 20% higher than the current share price.


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