LSE:0RDS

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Executive Summary

Kindred Group plc operates an online gambling business primarily in Europe, Australia, and the United States.


Snowflake Analysis

High growth potential and fair value.


Similar Companies

Share Price & News

How has Kindred Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 0RDS's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-0.05%

0RDS

5.4%

GB Hospitality

3.0%

GB Market


1 Year Return

-30.3%

0RDS

-29.0%

GB Hospitality

-11.7%

GB Market

Return vs Industry: 0RDS matched the UK Hospitality industry which returned -29.7% over the past year.

Return vs Market: 0RDS underperformed the UK Market which returned -12.8% over the past year.


Shareholder returns

0RDSIndustryMarket
7 Day-0.05%5.4%3.0%
30 Day8.1%-0.6%7.3%
90 Day12.5%-25.4%-7.9%
1 Year-26.8%-30.3%-26.5%-29.0%-7.4%-11.7%
3 Year-36.2%-44.9%-22.4%-30.9%-4.7%-16.3%
5 Year-0.1%-19.5%-1.6%-19.2%14.1%-11.5%

Price Volatility Vs. Market

How volatile is Kindred Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Kindred Group undervalued compared to its fair value and its price relative to the market?

22.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 0RDS (SEK50.62) is trading below our estimate of fair value (SEK65.6)

Significantly Below Fair Value: 0RDS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 0RDS is poor value based on its PE Ratio (23x) compared to the Hospitality industry average (17.8x).

PE vs Market: 0RDS is poor value based on its PE Ratio (23x) compared to the UK market (14.6x).


Price to Earnings Growth Ratio

PEG Ratio: 0RDS is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: 0RDS is overvalued based on its PB Ratio (4.1x) compared to the GB Hospitality industry average (1x).


Next Steps

Future Growth

How is Kindred Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

30.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 0RDS's forecast earnings growth (30% per year) is above the savings rate (1.2%).

Earnings vs Market: 0RDS's earnings (30% per year) are forecast to grow faster than the UK market (20.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 0RDS's revenue (12.4% per year) is forecast to grow faster than the UK market (3.6% per year).

High Growth Revenue: 0RDS's revenue (12.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 0RDS's Return on Equity is forecast to be high in 3 years time (27.7%)


Next Steps

Past Performance

How has Kindred Group performed over the past 5 years?

8.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 0RDS has a large one-off loss of £30.0M impacting its March 31 2020 financial results.

Growing Profit Margin: 0RDS's current net profit margins (4.5%) are lower than last year (12.6%).


Past Earnings Growth Analysis

Earnings Trend: 0RDS's earnings have grown by 8.1% per year over the past 5 years.

Accelerating Growth: 0RDS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 0RDS had negative earnings growth (-63.6%) over the past year, making it difficult to compare to the Hospitality industry average (-10.9%).


Return on Equity

High ROE: 0RDS's Return on Equity (17.7%) is considered low.


Next Steps

Financial Health

How is Kindred Group's financial position?


Financial Position Analysis

Short Term Liabilities: 0RDS's short term assets (£216.7M) do not cover its short term liabilities (£286.6M).

Long Term Liabilities: 0RDS's short term assets (£216.7M) do not cover its long term liabilities (£244.9M).


Debt to Equity History and Analysis

Debt Level: 0RDS's debt to equity ratio (79.8%) is considered high.

Reducing Debt: Insufficient data to determine if 0RDS's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 0RDS's debt is well covered by operating cash flow (64.2%).

Interest Coverage: 0RDS's interest payments on its debt are well covered by EBIT (14.3x coverage).


Balance Sheet


Next Steps

Dividend

What is Kindred Group's current dividend yield, its reliability and sustainability?

4.08%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 0RDS's dividend (4.08%) is higher than the bottom 25% of dividend payers in the UK market (2.03%).

High Dividend: 0RDS's dividend (4.08%) is low compared to the top 25% of dividend payers in the UK market (5.69%).


Stability and Growth of Payments

Stable Dividend: 0RDS's dividend payments have been volatile in the past 10 years.

Growing Dividend: 0RDS's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (93.9%), 0RDS's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 0RDS's dividends in 3 years are forecast to be covered by earnings (81.8% payout ratio).


Next Steps

Management

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

8.4yrs

Average management tenure


CEO

Henrik Tjärnström (49yo)

9.92yrs

Tenure

UK£1,559,300

Compensation

Mr. Henrik Tjärnström has been the Chief Executive Officer of Kindred Group plc since July 2010. Mr. Tjärnström serves as the Chief Executive Officer of Unibet (International) Ltd. He serves as a Business  ...


CEO Compensation Analysis

Compensation vs Market: Henrik's total compensation ($USD1.94M) is about average for companies of similar size in the UK market ($USD1.76M).

Compensation vs Earnings: Henrik's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Anders Ström
Co-Founder & Chairmanno dataUK£260.00k3.04% £355.3m
Henrik Tjärnström
Chief Executive Officer9.92yrsUK£1.56m0.73% £84.8m
Graham Stretch
Interim Chief Financial Officer0.33yrno datano data
Marcus Smedman
Chief Technology Officer5.42yrsno data0.0052% £610.7k
Daniel Johansson
Chief Information Officer & Head of Business Developmentno datano datano data
Alexander Westrell
Group Head of Communicationsno datano datano data
Elena Barber
Chief Marketing Officer1.42yrsno data0.00016% £18.7k
Gavin Hayward
Chief HR Officer8.42yrsno data0.0076% £889.7k
Britt Boeskov
Chief Experience Officer11.42yrsno data0.011% £1.2m
- Stephen
Head of IT Australiano datano datano data

8.4yrs

Average Tenure

49yo

Average Age

Experienced Management: 0RDS's management team is seasoned and experienced (8.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Anders Ström
Co-Founder & Chairmanno dataUK£260.00k3.04% £355.3m
Gunnel Duveblad
Independent Director2.08yrsUK£91.60k0.0035% £412.2k
Peter Boggs
Independent Non-Executive Director18.42yrsUK£83.60k0.061% £7.2m
Carl-Magnus Månsson
Non Executive Director1.08yrsUK£43.40k0.0044% £514.9k
Stefan Lundborg
Independent Non-Executive Director10.08yrsUK£77.00k0.24% £27.7m
Erik Forsberg
Non Executive Director1.08yrsUK£49.70k0.0022% £256.9k

2.1yrs

Average Tenure

53.5yo

Average Age

Experienced Board: 0RDS's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: 0RDS insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Kindred Group plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Kindred Group plc
  • Ticker: 0RDS
  • Exchange: LSE
  • Founded: 1997
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: kr11.676b
  • Shares outstanding: 226.90m
  • Website: https://www.kindredgroup.com

Number of Employees


Location

  • Kindred Group plc
  • The Centre
  • Level 6
  • Sliema
  • TPO 0001
  • Malta

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KIND SDBOM (OMX Nordic Exchange Stockholm)YesSDR EACH REP 1 GBP0.000625SESEKJun 2004
0RDSLSE (London Stock Exchange)YesSDR EACH REP 1 GBP0.000625GBSEKJun 2004
UNBADB (Deutsche Boerse AG)YesSDR EACH REP 1 GBP0.000625DEEURJun 2004
KINDSBATS-CHIXE (BATS 'Chi-X Europe')YesSDR EACH REP 1 GBP0.000625GBSEKJun 2004

Biography

Kindred Group plc operates an online gambling business primarily in Europe, Australia, and the United States. The company offers pre-game and live sports betting, including horse racing betting; poker; casino and games; and bingo through various brands, such as the 32 Red, bingo.com, Bohemia Casino, Casinohuone, Pokerhuone, Bingohuone, iGame, Kolikkopelit, Maria Casino, RoxyPalace, Storspelare, Storspiller, Unibet, and Vlad Cazino. As of December 31, 2019, it had approximately 27 million registered customers worldwide. The company was formerly known as Unibet Group plc and changed its name to Kindred Group plc in December 2016. Kindred Group plc was founded in 1997 and is headquartered in Sliema, Malta. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/01 22:18
End of Day Share Price2020/06/01 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.