ENXTPA:KOF

Stock Analysis Report

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Market Cap

€784.9m

Last Updated

2021/08/01 17:46 UTC

Data Sources

Company Financials +

Executive Summary

Kaufman & Broad S.A. operates as a property developer and builder in France. More Details


Snowflake Analysis

Outstanding track record with excellent balance sheet and pays a dividend.


Similar Companies

Share Price & News

How has Kaufman & Broad's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: KOF is less volatile than 75% of French stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: KOF's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-2.2%

KOF

-0.4%

FR Consumer Durables

0.5%

FR Market


1 Year Return

2.7%

KOF

11.5%

FR Consumer Durables

39.7%

FR Market

Return vs Industry: KOF underperformed the French Consumer Durables industry which returned 11.5% over the past year.

Return vs Market: KOF underperformed the French Market which returned 39.7% over the past year.


Shareholder returns

KOFIndustryMarket
7 Day-2.2%-0.4%0.5%
30 Day-7.0%-7.6%1.2%
90 Day-2.2%-7.9%4.9%
1 Year7.7%2.7%13.2%11.5%43.5%39.7%
3 Year2.6%-14.0%2.8%-2.5%33.4%20.7%
5 Year32.8%0.8%37.4%26.1%87.2%58.1%

Long-Term Price Volatility Vs. Market

How volatile is Kaufman & Broad's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Kaufman & Broad undervalued compared to its fair value and its price relative to the market?

13.32x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: KOF (€37.4) is trading above our estimate of fair value (€37.38)

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


Price To Earnings Ratio

PE vs Industry: KOF is good value based on its PE Ratio (13.3x) compared to the French Consumer Durables industry average (17.3x).

PE vs Market: KOF is good value based on its PE Ratio (13.3x) compared to the French market (21.8x).


Price to Earnings Growth Ratio

PEG Ratio: KOF is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: KOF is overvalued based on its PB Ratio (3.4x) compared to the FR Consumer Durables industry average (2.7x).


Future Growth

How is Kaufman & Broad forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

19.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KOF's forecast earnings growth (19.4% per year) is above the savings rate (0.4%).

Earnings vs Market: KOF's earnings (19.4% per year) are forecast to grow faster than the French market (14.9% per year).

High Growth Earnings: KOF's earnings are forecast to grow, but not significantly.

Revenue vs Market: KOF's revenue (9% per year) is forecast to grow faster than the French market (6.5% per year).

High Growth Revenue: KOF's revenue (9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: KOF's Return on Equity is forecast to be high in 3 years time (25.7%)


Past Performance

How has Kaufman & Broad performed over the past 5 years?

0.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KOF has high quality earnings.

Growing Profit Margin: KOF's current net profit margins (4.4%) are higher than last year (3.4%).


Past Earnings Growth Analysis

Earnings Trend: KOF's earnings have grown by 0.6% per year over the past 5 years.

Accelerating Growth: KOF's earnings growth over the past year (55.1%) exceeds its 5-year average (0.6% per year).

Earnings vs Industry: KOF earnings growth over the past year (55.1%) exceeded the Consumer Durables industry 19.6%.


Return on Equity

High ROE: KOF's Return on Equity (31%) is considered high.


Financial Health

How is Kaufman & Broad's financial position?


Financial Position Analysis

Short Term Liabilities: KOF's short term assets (€1.3B) exceed its short term liabilities (€964.5M).

Long Term Liabilities: KOF's short term assets (€1.3B) exceed its long term liabilities (€252.4M).


Debt to Equity History and Analysis

Debt Level: KOF's debt to equity ratio (59.4%) is considered high.

Reducing Debt: KOF's debt to equity ratio has reduced from 171.7% to 59.4% over the past 5 years.

Debt Coverage: KOF's debt is well covered by operating cash flow (66.8%).

Interest Coverage: KOF's interest payments on its debt are well covered by EBIT (17.5x coverage).


Balance Sheet


Dividend

What is Kaufman & Broad current dividend yield, its reliability and sustainability?

4.95%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: KOF's dividend (4.95%) is higher than the bottom 25% of dividend payers in the French market (1.29%).

High Dividend: KOF's dividend (4.95%) is in the top 25% of dividend payers in the French market (3.87%)


Stability and Growth of Payments

Stable Dividend: KOF has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: KOF has only been paying a dividend for 9 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (65.9%), KOF's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: KOF's dividends in 3 years are forecast to be covered by earnings (72% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.1yrs

Average management tenure


CEO

Nordine Hachemi (60 yo)

8yrs

Tenure

€1,927,268

Compensation

Mr. Nordine Hachemi has been the Chairman of Kaufman & Broad SA since January 24, 2014 and serves as its Senior Vice President of Île-De-France. Mr. Hachemi serves as Chief Executive Officer at Chief Exec...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Nordine's total compensation is reasonable compared to companies of similar size in the French market.

Compensation vs Earnings: Nordine's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: KOF's management team is considered experienced (4.1 years average tenure).


Board Members

Experienced Board: KOF's board of directors are considered experienced (3.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Kaufman & Broad S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Kaufman & Broad S.A.
  • Ticker: KOF
  • Exchange: ENXTPA
  • Founded: 1968
  • Industry: Homebuilding
  • Sector: Consumer Durables
  • Market Cap: €784.913m
  • Shares outstanding: 20.99m
  • Website: https://www.kaufmanbroad.fr

Number of Employees


Location

  • Kaufman & Broad S.A.
  • 127, avenue Charles-de-Gaulle
  • Cedex
  • Neuilly-sur-Seine
  • Ile-de-France
  • 92207
  • France

Listings


Biography

Kaufman & Broad S.A. operates as a property developer and builder in France. It develops and builds single-family homes and apartments, as well as offices, hotels, retail spaces, business premises, and log...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/01 17:46
End of Day Share Price2021/07/30 00:00
Earnings2021/05/31
Annual Earnings2020/11/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.