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Kingfisher

LSE:KGF
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KGF
LSE
£5B
Market Cap
  1. Home
  2. GB
  3. Retail
Company description

Kingfisher plc, together with its subsidiaries, supplies DIY and home improvement products and services primarily in the United Kingdom and continental Europe. The last earnings update was 70 days ago. More info.


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KGF Share Price and Events
7 Day Returns
0.7%
LSE:KGF
0.7%
GB Specialty Retail
0.3%
GB Market
1 Year Returns
-30.4%
LSE:KGF
-11.5%
GB Specialty Retail
-1.9%
GB Market
KGF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kingfisher (KGF) 0.7% 4.4% -15.4% -30.4% -33.4% -28.3%
GB Specialty Retail 0.7% 1.7% -4.9% -11.5% -13.7% -19.6%
GB Market 0.3% 1.9% 0.4% -1.9% 11.4% 6.7%
1 Year Return vs Industry and Market
  • KGF underperformed the Specialty Retail industry which returned -11.5% over the past year.
  • KGF underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -1.9% over the past year.
Price Volatility
KGF
Industry
5yr Volatility vs Market

KGF Value

 Is Kingfisher undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Kingfisher to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Kingfisher.

LSE:KGF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 18 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.2%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:KGF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.833 (1 + (1- 19%) (3.83%))
0.906
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.91
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.906 * 6.65%)
7.25%

Discounted Cash Flow Calculation for LSE:KGF using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Kingfisher is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

LSE:KGF DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 7.25%)
2020 349.10 Analyst x9 325.50
2021 395.93 Analyst x9 344.21
2022 463.13 Analyst x5 375.42
2023 425.00 Analyst x2 321.22
2024 410.00 Analyst x2 288.94
2025 401.19 Est @ -2.15% 263.62
2026 396.63 Est @ -1.14% 243.00
2027 394.94 Est @ -0.43% 225.61
2028 395.21 Est @ 0.07% 210.51
2029 396.86 Est @ 0.42% 197.09
Present value of next 10 years cash flows £2,795.12
LSE:KGF DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £396.86 × (1 + 1.23%) ÷ (7.25% – 1.23%)
£6,670.12
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £6,670.12 ÷ (1 + 7.25%)10
£3,312.59
LSE:KGF Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £2,795.12 + £3,312.59
£6,107.71
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £6,107.71 / 2,101.89
£2.91
LSE:KGF Discount to Share Price
Calculation Result
Value per share (GBP) From above. £2.91
Current discount Discount to share price of £2.21
= -1 x (£2.21 - £2.91) / £2.91
23.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Kingfisher is available for.
Intrinsic value
24%
Share price is £2.21 vs Future cash flow value of £2.91
Current Discount Checks
For Kingfisher to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Kingfisher's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Kingfisher's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Kingfisher's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kingfisher's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:KGF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-01-31) in GBP £0.10
LSE:KGF Share Price ** LSE (2019-07-18) in GBP £2.21
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry PE Ratio Median Figure of 23 Publicly-Listed Specialty Retail Companies 13.68x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 791 Publicly-Listed Companies 16.52x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Kingfisher.

LSE:KGF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:KGF Share Price ÷ EPS (both in GBP)

= 2.21 ÷ 0.10

21.61x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kingfisher is overvalued based on earnings compared to the GB Specialty Retail industry average.
  • Kingfisher is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Kingfisher's expected growth come at a high price?
Raw Data
LSE:KGF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts
26.9%per year
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry PEG Ratio Median Figure of 21 Publicly-Listed Specialty Retail Companies 1.23x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 572 Publicly-Listed Companies 1.43x

*Line of best fit is calculated by linear regression .

LSE:KGF PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.61x ÷ 26.9%

0.8x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kingfisher is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Kingfisher's assets?
Raw Data
LSE:KGF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-01-31) in GBP £3.17
LSE:KGF Share Price * LSE (2019-07-18) in GBP £2.21
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry PB Ratio Median Figure of 39 Publicly-Listed Specialty Retail Companies 0.95x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,377 Publicly-Listed Companies 1.51x
LSE:KGF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:KGF Share Price ÷ Book Value per Share (both in GBP)

= 2.21 ÷ 3.17

0.7x

* Primary Listing of Kingfisher.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kingfisher is good value based on assets compared to the GB Specialty Retail industry average.
X
Value checks
We assess Kingfisher's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Specialty Retail industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Specialty Retail industry average (and greater than 0)? (1 check)
  5. Kingfisher has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

KGF Future Performance

 How is Kingfisher expected to perform in the next 1 to 3 years based on estimates from 18 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
26.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kingfisher expected to grow at an attractive rate?
  • Kingfisher's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Kingfisher's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Kingfisher's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:KGF Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:KGF Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts 26.9%
LSE:KGF Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 18 Analysts 0.3%
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 21.3%
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:KGF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:KGF Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-01-31 12,090 659 2
2023-01-31 11,961 676 2
2022-01-31 11,570 841 534 13
2021-01-31 11,464 820 505 18
2020-01-31 11,397 722 428 18
LSE:KGF Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-01-31 11,685 649 218
2018-10-31 11,706 485 308
2018-07-31 11,727 321 398
2018-04-30 11,691 307 442
2018-01-31 11,655 293 485
2017-10-31 11,570 419 535
2017-07-31 11,484 545 584
2017-04-30 11,355 663 597
2017-01-31 11,225 781 610
2016-10-31 10,962 881 513
2016-07-31 10,698 981 415
2016-04-30 10,570 897 414

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kingfisher's earnings are expected to grow significantly at over 20% yearly.
  • Kingfisher's revenue is expected to grow by 0.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:KGF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below

All data from Kingfisher Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:KGF Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-01-31
2023-01-31
2022-01-31 0.25 0.26 0.24 7.00
2021-01-31 0.24 0.30 0.20 11.00
2020-01-31 0.20 0.22 0.18 10.00
LSE:KGF Past Financials Data
Date (Data in GBP Millions) EPS *
2019-01-31 0.10
2018-10-31 0.14
2018-07-31 0.18
2018-04-30 0.20
2018-01-31 0.22
2017-10-31 0.24
2017-07-31 0.26
2017-04-30 0.27
2017-01-31 0.27
2016-10-31 0.23
2016-07-31 0.18
2016-04-30 0.18

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Kingfisher is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Kingfisher's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Kingfisher has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

KGF Past Performance

  How has Kingfisher performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Kingfisher's growth in the last year to its industry (Specialty Retail).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Kingfisher's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Kingfisher's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Kingfisher's 1-year earnings growth is negative, it can't be compared to the GB Specialty Retail industry average.
Earnings and Revenue History
Kingfisher's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Kingfisher Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:KGF Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-01-31 11,685.00 218.00 3,754.00
2018-10-31 11,706.00 308.00 3,731.00
2018-07-31 11,727.00 398.00 3,708.00
2018-04-30 11,691.00 441.50 3,674.00
2018-01-31 11,655.00 485.00 3,640.00
2017-10-31 11,569.50 534.50 3,598.00
2017-07-31 11,484.00 584.00 3,556.00
2017-04-30 11,354.50 597.00 3,497.00
2017-01-31 11,225.00 610.00 3,438.00
2016-10-31 10,961.50 512.50 3,364.00
2016-07-31 10,698.00 415.00 3,290.00
2016-04-30 10,569.50 413.50 3,259.00
2016-01-31 10,441.00 412.00 3,228.00
2015-10-31 10,565.50 506.00 3,269.50
2015-08-01 10,690.00 600.00 3,311.00
2015-05-01 10,828.00 586.50 3,360.00
2015-01-31 10,966.00 573.00 3,409.00
2014-10-31 11,071.50 566.50 3,417.00
2014-08-02 11,177.00 560.00 3,425.00
2014-05-02 11,151.00 634.50 3,428.00
2014-02-01 11,125.00 709.00 3,431.00
2013-11-01 10,968.00 727.00 3,397.50
2013-08-03 10,811.00 745.00 3,364.00
2013-05-03 10,692.00 654.50 3,328.50
2013-02-02 10,573.00 564.00 3,293.00
2012-11-02 10,610.00 571.00 3,305.50
2012-07-28 10,647.00 578.00 3,318.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Kingfisher has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Kingfisher used its assets less efficiently than the GB Specialty Retail industry average last year based on Return on Assets.
  • Kingfisher's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Kingfisher's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Specialty Retail industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Kingfisher has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

KGF Health

 How is Kingfisher's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Kingfisher's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kingfisher is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Kingfisher's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Kingfisher's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 18.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Kingfisher Company Filings, last reported 5 months ago.

LSE:KGF Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-01-31 6,657.00 142.00 229.00
2018-10-31 6,657.00 142.00 229.00
2018-07-31 6,863.00 89.00 181.00
2018-04-30 6,863.00 89.00 181.00
2018-01-31 6,748.00 131.00 262.00
2017-10-31 6,748.00 131.00 262.00
2017-07-31 6,804.00 191.00 823.00
2017-04-30 6,804.00 191.00 823.00
2017-01-31 6,771.00 156.00 795.00
2016-10-31 6,771.00 156.00 795.00
2016-07-31 6,505.00 313.00 1,134.00
2016-04-30 6,505.00 313.00 1,134.00
2016-01-31 6,186.00 271.00 856.00
2015-10-31 6,186.00 271.00 856.00
2015-08-01 6,031.00 270.00 660.00
2015-05-01 6,031.00 270.00 660.00
2015-01-31 6,230.00 285.00 609.00
2014-10-31 6,230.00 285.00 609.00
2014-08-02 6,241.00 329.00 794.00
2014-05-02 6,241.00 329.00 794.00
2014-02-01 6,317.00 271.00 535.00
2013-11-01 6,317.00 271.00 535.00
2013-08-03 6,433.00 344.00 559.00
2013-05-03 6,433.00 344.00 559.00
2013-02-02 6,156.00 378.00 398.00
2012-11-02 6,156.00 378.00 398.00
2012-07-28 5,655.00 649.00 613.00
  • Kingfisher's level of debt (2.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (5.3% vs 2.7% today).
  • Debt is well covered by operating cash flow (364.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 21.7x coverage).
X
Financial health checks
We assess Kingfisher's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Kingfisher has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

KGF Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.89%
Current annual income from Kingfisher dividends. Estimated to be 5.13% next year.
If you bought £2,000 of Kingfisher shares you are expected to receive £98 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Kingfisher's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.94%).
  • Kingfisher's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.46%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:KGF Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 25 Stocks 3.2%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 706 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 1.9%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:KGF Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2024-01-31 0.11 1.00
2023-01-31 0.11 1.00
2022-01-31 0.12 15.00
2021-01-31 0.11 19.00
2020-01-31 0.11 19.00
LSE:KGF Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-03-20 0.108 4.725
2018-06-13 0.108 4.272
2017-04-21 0.104 3.290
2017-03-22 0.104 3.197
2016-04-29 0.101 2.885
2015-05-01 0.100 2.843
2015-03-31 0.100 2.788
2014-05-06 0.099 2.986
2013-03-26 0.095 2.553
2012-05-09 0.088 3.178
2012-03-22 0.088 2.947
2011-05-27 0.071 2.755
2011-03-24 0.071 2.625
2010-10-05 0.055 2.208
2010-03-25 0.055 2.482
2010-03-24 0.055 2.421
2009-04-20 0.053 2.541
2009-03-26 0.053 3.385
2009-03-25 0.053 3.786

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Kingfisher's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess Kingfisher's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Kingfisher afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kingfisher has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

KGF Management

 What is the CEO of Kingfisher's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Véronique Laury-Deroubaix
COMPENSATION £1,771,200
AGE 53
TENURE AS CEO 4.6 years
CEO Bio

Ms. Veronique Laury-Deroubaix has been Chief Executive Officer of Kingfisher Plc since December 8, 2014. Ms. Laury-Deroubaix served as the Chief Executive Officer of Castorama - France at Kingfisher Plc from March 2013 to December 8, 2014. She served as the Group Commercial Director of Kingfisher Plc since February 2009. She served as a Commercial Director of Castorama France. She is a highly experienced international retailer who has worked in the home improvement sector for more than 25 years in France and in the UK. She joined Kingfisher in 2003, after spending 15 years at Leroy Merlin in various commercial roles, and in her 15 years with the business she has held several key roles including Group Commercial Director and Commercial Director of B&Q UK & Ireland. She has been a Director of Kingfisher Plc since December 8, 2014. She served as a Member of the Supervisory Board at Hornbach Baumarkt AG from July 9, 2009 to July 04, 2013.

CEO Compensation
  • Véronique's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Véronique's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the Kingfisher management team in years:

1.5
Average Tenure
  • The average tenure for the Kingfisher management team is less than 2 years, this suggests a new team.
Management Team

Véronique Laury-Deroubaix

TITLE
CEO & Director
COMPENSATION
£2M
AGE
53
TENURE
4.6 yrs

John Wartig

TITLE
Interim Chief Financial Officer
TENURE
0.3 yrs

Christian Cowley

TITLE
Head of Investor Relations

Alastair Robertson

TITLE
Chief People Officer
AGE
59
TENURE
2.8 yrs

Nigel Cope

TITLE
Head of Media Relations

Yi Liu

TITLE
Head of B&Q Taiwan Operations

John Colley

TITLE
Chief Trading Officer
TENURE
1.5 yrs

Henri Solère

TITLE
Chief Offer & Sourcing Officer
TENURE
0.8 yrs

Alp Özpamukçu

TITLE
Chief Executive Officer of Koçtas - Turkey

Tanguy Dewavrin

TITLE
Chief Executive Officer of Castorama Poland
Board of Directors Tenure

Average tenure and age of the Kingfisher board of directors in years:

3.4
Average Tenure
58
Average Age
  • The tenure for the Kingfisher board of directors is about average.
Board of Directors

Andy Cosslett

TITLE
Chairman
COMPENSATION
£496K
AGE
64
TENURE
2.1 yrs

Véronique Laury-Deroubaix

TITLE
CEO & Director
COMPENSATION
£2M
AGE
53
TENURE
4.6 yrs

Clare Chapman

TITLE
Non-Executive Director
COMPENSATION
£85K
AGE
59
TENURE
8.6 yrs

Sally Uren

TITLE
Chair of Advisory Council

Jeff Carr

TITLE
Non-executive Director
COMPENSATION
£57K
AGE
58
TENURE
1.1 yrs

Mark Seligman

TITLE
Senior Independent Director
COMPENSATION
£85K
AGE
63
TENURE
7.5 yrs

Pascal Cagni

TITLE
Non-Executive Director
COMPENSATION
£65K
AGE
58
TENURE
8.7 yrs

Parekh Goss-Custard

TITLE
Non-Executive Director
COMPENSATION
£65K
AGE
45
TENURE
3.4 yrs

Claudia Arney

TITLE
Non-Executive Director
COMPENSATION
£16K
AGE
48
TENURE
0.7 yrs

Sophie Gasperment

TITLE
Non-Executive Director
COMPENSATION
£11K
AGE
55
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Kingfisher individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
20. May 19 Buy John Wartig Individual 15. May 19 15. May 19 8,418 £2.35 £19,794
30. Apr 19 Buy John Wartig Individual 26. Apr 19 26. Apr 19 14,914 £2.66 £39,597
22. Mar 19 Buy Andrew Cosslett Individual 21. Mar 19 21. Mar 19 70,718 £2.26 £159,823
26. Jul 18 Sell Steve Willett Individual 24. Jul 18 24. Jul 18 -9,207 £3.12 £-28,726
X
Management checks
We assess Kingfisher's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Kingfisher has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

KGF News

Simply Wall St News

Is There An Opportunity With Kingfisher plc's (LON:KGF) 24% Undervaluation?

In this article we are going to estimate the intrinsic value of Kingfisher plc (LON:KGF) by taking the foreast future cash flows of the company and discounting them back to today's value. … Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) estimate 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF (£, Millions) £349.1m £395.9m £463.1m £425.0m £410.0m £401.2m £396.6m £394.9m £395.2m £396.9m Growth Rate Estimate Source Analyst x9 Analyst x9 Analyst x5 Analyst x2 Analyst x2 Est @ -2.15% Est @ -1.14% Est @ -0.43% Est @ 0.07% Est @ 0.42% Present Value (£, Millions) Discounted @ 7.27% £325.5 £344.1 £375.2 £321.0 £288.7 £263.4 £242.7 £225.3 £210.2 £196.8 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= £2.8b After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = UK£397m × (1 + 1.2%) ÷ (7.3% – 1.2%) = UK£6.7b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = £UK£6.7b ÷ ( 1 + 7.3%)10 = £3.30b The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is £6.09b.

Simply Wall St -

Introducing Kingfisher (LON:KGF), The Stock That Dropped 35% In The Last Five Years

At this point some shareholders may be questioning their investment in Kingfisher plc (LON:KGF), since the last five years saw the share price fall 35%. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Looking back five years, both Kingfisher's share price and EPS declined; the latter at a rate of 19% per year.

Simply Wall St -

Consider This Before Buying Kingfisher plc (LON:KGF) For The 5.0% Dividend

Dividend paying stocks like Kingfisher plc (LON:KGF) tend to be popular with investors, and for good reason - some research suggests a significant amount of all stock market returns come from reinvested dividends. … Dividend Volatility Before buying a stock for its income, we want to see if the dividends have been stable in the past, and if the company has a track record of maintaining its dividend. … Conclusion To summarise, shareholders should always check that Kingfisher's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend.

Simply Wall St -

Why We’re Not Impressed By Kingfisher plc’s (LON:KGF) 8.0% ROCE

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Kingfisher: 0.08 = UK£586m ÷ (UK£10b - UK£2.6b) (Based on the trailing twelve months to January 2019.) So, Kingfisher has an ROCE of 8.0%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.

Simply Wall St -

Is Kingfisher plc's (LON:KGF) CEO Overpaid Relative To Its Peers?

View our latest analysis for Kingfisher How Does Véronique Laury-Deroubaix's Compensation Compare With Similar Sized Companies? … A first glance this seems like a real positive for shareholders, since Véronique Laury-Deroubaix is paid less than the average total compensation paid by similar sized companies. … Véronique Laury-Deroubaix is paid less than CEOs of similar size companies, but the company isn't growing and total shareholder returns have been disappointing.

Simply Wall St -

What Did Kingfisher plc's (LON:KGF) CEO Take Home Last Year?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Véronique Laury-Deroubaix's Compensation Compare With Similar Sized Companies. … According to our data, Kingfisher plc has a market capitalization of UK£5.1b, and pays its CEO total annual compensation worth UK£1.6m.

Simply Wall St -

Is Kingfisher plc's (LON:KGF) Growth Strong Enough To Justify Its March Share Price?

Growth expectations for Kingfisher plc (LON:KGF) are high, but many investors are starting to ask whether its last close at £2.485 can still be rationalized by the future potential. … See our latest analysis for Kingfisher? … Kingfisher's extremely high growth potential in the near future is attracting investors

Simply Wall St -

Don't Sell Kingfisher plc (LON:KGF) Before You Read This

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … To keep it practical, we'll show how Kingfisher plc's (LON:KGF) P/E ratio could help you assess the value on offer. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Have Insiders Been Buying Kingfisher plc (LON:KGF) Shares?

So before you buy or sell Kingfisher plc (LON:KGF), you may well want to know whether insiders have been buying or selling. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Kingfisher Insider Transactions Over The Last Year.

Simply Wall St -

Kingfisher plc (LON:KGF): Commentary On Fundamentals

Kingfisher plc (LON:KGF) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … that has been able to sustain great financial health over the past

Simply Wall St -

KGF Company Info

Description

Kingfisher plc, together with its subsidiaries, supplies DIY and home improvement products and services primarily in the United Kingdom and continental Europe. The company operates approximately 1,300 stores in 10 countries across Europe under the B&Q, Castorama, Brico Dépôt, Screwfix, and Koctas brands. It also provides its products through various channels, such as online and others. In addition, the company offers property investment, finance, digital, sourcing, and IT services. Kingfisher plc was founded in 1982 and is based in London, the United Kingdom.

Details
Name: Kingfisher plc
KGF
Exchange: LSE
Founded: 1982
£4,651,478,517
2,101,888,169
Website: http://www.kingfisher.com
Address: Kingfisher plc
3 Sheldon Square,
Paddington,
London,
Greater London, W2 6PX,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE KGF Ordinary Shares London Stock Exchange GB GBP 21. Dec 1982
OTCPK KGFH.F Ordinary Shares Pink Sheets LLC US USD 21. Dec 1982
DB KFI1 Ordinary Shares Deutsche Boerse AG DE EUR 21. Dec 1982
BMV KGF N Ordinary Shares Bolsa Mexicana de Valores MX MXN 21. Dec 1982
BATS-CHIXE KGFL Ordinary Shares BATS 'Chi-X Europe' GB GBP 21. Dec 1982
OTCPK KGFH.Y SPON ADR PAR Pink Sheets LLC US USD 25. Sep 1995
Number of employees
Current staff
Staff numbers
77,300
Kingfisher employees.
Industry
Home Improvement Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 20:42
End of day share price update: 2019/07/18 00:00
Last estimates confirmation: 2019/07/01
Last earnings filing: 2019/05/09
Last earnings reported: 2019/01/31
Last annual earnings reported: 2019/01/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.