Kaufman & Broad
Market Cap
€802.2m
Last Updated
2020/11/27 19:25 UTC
Data Sources
Company Financials +
Executive Summary
Kaufman & Broad S.A. operates as a property developer and builder in France. More Details
Rewards
Risk Analysis
Snowflake Analysis
Exceptional growth potential and fair value.
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 not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: KOF's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
-1.1%
KOF
0.4%
FR Consumer Durables
1.5%
FR Market
1 Year Return
-0.3%
KOF
5.5%
FR Consumer Durables
-1.9%
FR Market
Return vs Industry: KOF underperformed the French Consumer Durables industry which returned 4.6% over the past year.
Return vs Market: KOF exceeded the French Market which returned -2.6% over the past year.
Shareholder returns
| KOF | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.1% | 0.4% | 1.5% |
| 30 Day | 22.4% | 8.9% | 20.0% |
| 90 Day | 6.7% | 4.0% | 12.3% |
| 1 Year | 5.2%-0.3% | 7.2%5.5% | 0.2%-1.9% |
| 3 Year | 13.3%-5.3% | 0.4%-4.7% | 18.8%8.9% |
| 5 Year | 83.9%30.5% | 65.8%51.1% | 50.4%30.0% |
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
4 months ago | Simply Wall St
Kaufman & Broad S.A. (EPA:KOF) Analysts Are Reducing Their Forecasts For This Year4 months ago | Simply Wall St
Kaufman & Broad S.A. Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected4 months ago | Simply Wall St
Kaufman & Broad (EPA:KOF): Are Investors Overlooking Returns On Capital?Valuation
Is Kaufman & Broad undervalued compared to its fair value and its price relative to the market?
10.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: KOF (€36.55) is trading below our estimate of fair value (€40.6)
Significantly Below Fair Value: KOF is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: KOF is good value based on its PE Ratio (25.2x) compared to the FR Consumer Durables industry average (26.1x).
PE vs Market: KOF is poor value based on its PE Ratio (25.2x) compared to the French market (21.2x).
Price to Earnings Growth Ratio
PEG Ratio: KOF is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: KOF is overvalued based on its PB Ratio (3.3x) compared to the FR Consumer Durables industry average (2.3x).
Next Steps
Future Growth
How is Kaufman & Broad forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
51.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KOF's forecast earnings growth (51.6% per year) is above the savings rate (0.6%).
Earnings vs Market: KOF's earnings (51.6% per year) are forecast to grow faster than the French market (25.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: KOF's revenue (22.4% per year) is forecast to grow faster than the French market (7.3% per year).
High Growth Revenue: KOF's revenue (22.4% per year) is forecast to grow faster 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 (28.6%)
Next Steps
Past Performance
How has Kaufman & Broad performed over the past 5 years?
8.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KOF has high quality earnings.
Growing Profit Margin: KOF's current net profit margins (2.9%) are lower than last year (5%).
Past Earnings Growth Analysis
Earnings Trend: KOF's earnings have grown by 8.8% per year over the past 5 years.
Accelerating Growth: KOF's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: KOF had negative earnings growth (-58%) over the past year, making it difficult to compare to the Consumer Durables industry average (-11.7%).
Return on Equity
High ROE: KOF's Return on Equity (18%) is considered low.
Next Steps
Financial Health
How is Kaufman & Broad's financial position?
Financial Position Analysis
Short Term Liabilities: KOF's short term assets (€1.2B) exceed its short term liabilities (€865.7M).
Long Term Liabilities: KOF's short term assets (€1.2B) exceed its long term liabilities (€252.0M).
Debt to Equity History and Analysis
Debt Level: KOF's debt to equity ratio (73.7%) is considered high.
Reducing Debt: KOF's debt to equity ratio has increased from 69.7% to 73.7% over the past 5 years.
Debt Coverage: KOF's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: KOF's interest payments on its debt are well covered by EBIT (12.8x coverage).
Balance Sheet
Next Steps
Dividend
What is Kaufman & Broad current dividend yield, its reliability and sustainability?
4.79%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: KOF's dividend (4.79%) is higher than the bottom 25% of dividend payers in the French market (1.42%).
High Dividend: KOF's dividend (4.79%) is in the top 25% of dividend payers in the French market (4.69%)
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 8 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (120.4%), KOF's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: KOF's dividends in 3 years are forecast to be covered by earnings (76.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.4yrs
Average management tenure
CEO
Nordine Hachemi (59 yo)
7.33yrs
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: Nordine's total compensation ($USD2.30M) is above average for companies of similar size in the French market ($USD746.04K).
Compensation vs Earnings: Nordine's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 7.33yrs | €1.93m | 0.27% € 2.2m | |
| Accounting & Consolidation Director and Director | 2.5yrs | no data | 0.056% € 446.3k | |
| CFO & Senior VP of Finance | 10.92yrs | no data | no data | |
| General Manager of Sales | no data | no data | no data | |
| Human Resources Director | 2.83yrs | no data | no data | |
| Managing Director of Regions & Managed Residences | 0.83yr | no data | no data | |
| Deputy Chief Executive Officer Ile-de-France Petite Couronne | 1.33yrs | no data | no data | |
| Head of Residential Property Marketing | 3.42yrs | no data | no data | |
| Chief Executive Officer of Property Logistics - Commercial Property | 3.83yrs | no data | no data |
3.4yrs
Average Tenure
Experienced Management: KOF's management team is considered experienced (3.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 7.33yrs | €1.93m | 0.27% € 2.2m | |
| Accounting & Consolidation Director and Director | 2.5yrs | no data | 0.056% € 446.3k | |
| Director | 5.33yrs | €26.80k | 0.0059% € 47.7k | |
| Independent Director | 3.83yrs | €15.31k | 0.0013% € 10.3k | |
| Independent Lead Director | 1.83yrs | €64.80k | no data | |
| Independent Director | 13.33yrs | €47.80k | 0.0013% € 10.4k | |
| Independent Director | 2.5yrs | €41.80k | 0.0012% € 9.9k | |
| Independent Director | 8.75yrs | €54.80k | 0.0011% € 9.2k | |
| Independent Director | 6.17yrs | €19.14k | 0.0011% € 9.2k | |
| Independent Director | 0.83yr | no data | 0.0021% € 16.6k |
4.6yrs
Average Tenure
60yo
Average Age
Experienced Board: KOF's board of directors are considered experienced (4.6 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 been diluted in the past year, with total shares outstanding growing by 2.1%.
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: €802.195m
- Shares outstanding: 21.71m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| KOF | ENXTPA (Euronext Paris) | Yes | Ordinary Shares | FR | EUR | Feb 2000 |
| 0F07 | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Feb 2000 |
| 3GH | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Feb 2000 |
| KFMN.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Feb 2000 |
| KOFP | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Feb 2000 |
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/27 19:25 |
| End of Day Share Price | 2020/11/27 00:00 |
| Earnings | 2020/08/31 |
| Annual Earnings | 2019/11/30 |
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.