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KRX

Kingspan Group ISE:KRX Stock Report

Last Price

€63.66

Market Cap

€11.6b

7D

-3.3%

1Y

-33.4%

Updated

11 Aug, 2022

Data

Company Financials +
KRX fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance5/6
Financial Health6/6
Dividends0/6

KRX Stock Overview

Kingspan Group plc, together with its subsidiaries, provides insulation and building envelope solutions in the Republic of Ireland, the United Kingdom, rest of Europe, the Americas, and internationally.

Kingspan Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Kingspan Group
Historical stock prices
Current Share Price€63.66
52 Week High€106.65
52 Week Low€51.80
Beta0.75
1 Month Change14.13%
3 Month Change-18.39%
1 Year Change-33.38%
3 Year Change50.78%
5 Year Change122.08%
Change since IPO31,415.01%

Recent News & Updates

Jul 21
Here's Why We Think Kingspan Group (ISE:KRX) Might Deserve Your Attention Today

Here's Why We Think Kingspan Group (ISE:KRX) Might Deserve Your Attention Today

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...

Jun 24
Is There An Opportunity With Kingspan Group plc's (ISE:KRX) 42% Undervaluation?

Is There An Opportunity With Kingspan Group plc's (ISE:KRX) 42% Undervaluation?

How far off is Kingspan Group plc ( ISE:KRX ) from its intrinsic value? Using the most recent financial data, we'll...

Shareholder Returns

KRXIE BuildingIE Market
7D-3.3%-0.1%-0.8%
1Y-33.4%-24.0%-18.8%

Return vs Industry: KRX underperformed the Irish Building industry which returned -24.4% over the past year.

Return vs Market: KRX underperformed the Irish Market which returned -18.8% over the past year.

Price Volatility

Is KRX's price volatile compared to industry and market?
KRX volatility
KRX Average Weekly Movement7.6%
Building Industry Average Movement5.8%
Market Average Movement5.6%
10% most volatile stocks in IE Market9.2%
10% least volatile stocks in IE Market4.0%

Stable Share Price: KRX is more volatile than 75% of Irish stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: KRX's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Irish stocks.

About the Company

FoundedEmployeesCEOWebsite
196519,000Gene Murtaghhttps://www.kingspan.com

Kingspan Group plc, together with its subsidiaries, provides insulation and building envelope solutions in the Republic of Ireland, the United Kingdom, rest of Europe, the Americas, and internationally. It operates through five segments: Insulated Panels, Insulation, Light & Air, Water & Energy, and Data & Flooring. The Insulated Panels segment manufactures insulated panels, structural framing, and metal facades components.

Kingspan Group Fundamentals Summary

How do Kingspan Group's earnings and revenue compare to its market cap?
KRX fundamental statistics
Market Cap€11.57b
Earnings (TTM)€554.10m
Revenue (TTM)€6.50b

20.9x

P/E Ratio

1.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KRX income statement (TTM)
Revenue€6.50b
Cost of Revenue€4.64b
Gross Profit€1.86b
Other Expenses€1.30b
Earnings€554.10m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 19, 2022

Earnings per share (EPS)3.05
Gross Margin28.57%
Net Profit Margin8.53%
Debt/Equity Ratio47.1%

How did KRX perform over the long term?

See historical performance and comparison

Dividends

0.8%

Current Dividend Yield

15%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

KRX key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.9x
Enterprise Value/EBITDA14.5x
PEG Ratio2.9x

Price to Earnings Ratio vs Peers

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

KRX PE Ratio vs Peers
The above table shows the PE ratio for KRX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average19.5x
MAS Masco
14.3x6.1%US$12.3b
AOS A. O. Smith
18.6x4.7%US$9.6b
WMS Advanced Drainage Systems
34.1x12.8%US$12.1b
FBHS Fortune Brands Home & Security
11.9x4.0%US$8.9b
KRX Kingspan Group
20.9x7.3%€11.6b

Price-To-Earnings vs Peers: KRX is expensive based on its Price-To-Earnings Ratio (20.9x) compared to the peer average (19.5x).


Price to Earnings Ratio vs Industry

How does KRX's PE Ratio compare vs other companies in the European Building Industry?

Price-To-Earnings vs Industry: KRX is expensive based on its Price-To-Earnings Ratio (20.9x) compared to the European Building industry average (15.1x)


Price to Earnings Ratio vs Fair Ratio

What is KRX'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.

KRX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate KRX's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: KRX (€63.66) is trading below our estimate of fair value (€95.7)

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


Analyst Price Targets

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

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is Kingspan Group forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


7.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KRX's forecast earnings growth (7.3% per year) is above the savings rate (0.5%).

Earnings vs Market: KRX's earnings (7.3% per year) are forecast to grow slower than the Irish market (13.2% per year).

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

Revenue vs Market: KRX's revenue (7.5% per year) is forecast to grow slower than the Irish market (8.2% per year).

High Growth Revenue: KRX's revenue (7.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: KRX's Return on Equity is forecast to be low in 3 years time (15.9%).


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Past Performance

How has Kingspan Group performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


13.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: KRX has high quality earnings.

Growing Profit Margin: KRX's current net profit margins (8.5%) are higher than last year (8.2%).


Past Earnings Growth Analysis

Earnings Trend: KRX's earnings have grown by 13.7% per year over the past 5 years.

Accelerating Growth: KRX's earnings growth over the past year (48.3%) exceeds its 5-year average (13.7% per year).

Earnings vs Industry: KRX earnings growth over the past year (48.3%) exceeded the Building industry 35.3%.


Return on Equity

High ROE: KRX's Return on Equity (19.3%) is considered low.


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Financial Health

How is Kingspan Group's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: KRX's short term assets (€3.0B) exceed its short term liabilities (€1.7B).

Long Term Liabilities: KRX's short term assets (€3.0B) exceed its long term liabilities (€1.8B).


Debt to Equity History and Analysis

Debt Level: KRX's net debt to equity ratio (25.5%) is considered satisfactory.

Reducing Debt: KRX's debt to equity ratio has reduced from 47.2% to 47.1% over the past 5 years.

Debt Coverage: KRX's debt is well covered by operating cash flow (23.6%).

Interest Coverage: KRX's interest payments on its debt are well covered by EBIT (20.5x coverage).


Balance Sheet


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Dividend

What is Kingspan Group current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.82%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: KRX's dividend (0.82%) isn’t notable compared to the bottom 25% of dividend payers in the Irish market (1.41%).

High Dividend: KRX's dividend (0.82%) is low compared to the top 25% of dividend payers in the Irish market (3.84%).


Stability and Growth of Payments

Stable Dividend: KRX is not paying a notable dividend for the Irish market, therefore no need to check if payments are stable.

Growing Dividend: KRX is not paying a notable dividend for the Irish market, therefore no need to check if payments are increasing.


Earnings Payout to Shareholders

Earnings Coverage: KRX is not paying a notable dividend for the Irish market.


Cash Payout to Shareholders

Cash Flow Coverage: KRX is not paying a notable dividend for the Irish market.


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Management

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

8.1yrs

Average management tenure


CEO

Gene Murtagh (50 yo)

17.58yrs

Tenure

€5,741,000

Compensation

Mr. Gene M. Murtagh has been the Chief Executive Officer of Kingspan Group PLC since January 2005. Mr. Murtagh served as the Chief Operating Officer of Kingspan Group plc from 2003 to 2005. He served as th...


CEO Compensation Analysis

Compensation vs Market: Gene's total compensation ($USD5.93M) is above average for companies of similar size in the Irish market ($USD4.24M).

Compensation vs Earnings: Gene's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: KRX's management team is seasoned and experienced (8.1 years average tenure).


Board Members

Experienced Board: KRX's board of directors are considered experienced (8.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: KRX 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

Kingspan Group plc's employee growth, exchange listings and data sources


Key Information

  • Name: Kingspan Group plc
  • Ticker: KRX
  • Exchange: ISE
  • Founded: 1965
  • Industry: Building Products
  • Sector: Capital Goods
  • Implied Market Cap: €11.566b
  • Shares outstanding: 181.68m
  • Website: https://www.kingspan.com

Number of Employees


Location

  • Kingspan Group plc
  • Dublin Road
  • Kingscourt
  • Co. Cavan
  • A82 XY31
  • Ireland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/11 00:00
End of Day Share Price2022/08/11 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.