Kingspan Group Management

Management criteria checks 4/4

Kingspan Group's CEO is Gene Murtagh, appointed in Jan 2005, has a tenure of 18.42 years. total yearly compensation is €2.90M, comprised of 32% salary and 68% bonuses, including company stock and options. directly owns 0.59% of the company’s shares, worth MX$1.27B. The average tenure of the management team and the board of directors is 12.4 years and 4.6 years respectively.

Key information

Gene Murtagh

Chief executive officer

€2.9m

Total compensation

CEO salary percentage	32.0%
CEO tenure	18.4yrs
CEO ownership	0.6%
Management average tenure	12.4yrs
Board average tenure	4.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Gene Murtagh's remuneration changed compared to Kingspan Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2022	€3m	€928k	€598m
Sep 30 2022	n/a	n/a	€611m
Jun 30 2022	n/a	n/a	€623m
Mar 31 2022	n/a	n/a	€589m
Dec 31 2021	€6m	€888k	€554m
Sep 30 2021	n/a	n/a	€512m
Jun 30 2021	n/a	n/a	€469m
Mar 31 2021	n/a	n/a	€422m
Dec 31 2020	€3m	€888k	€374m
Sep 30 2020	n/a	n/a	€359m
Jun 30 2020	n/a	n/a	€345m
Mar 31 2020	n/a	n/a	€357m
Dec 31 2019	€4m	€870k	€369m
Sep 30 2019	n/a	n/a	€362m
Jun 30 2019	n/a	n/a	€355m
Mar 31 2019	n/a	n/a	€343m
Dec 31 2018	€2m	€828k	€331m
Sep 30 2018	n/a	n/a	€314m
Jun 30 2018	n/a	n/a	€296m
Mar 31 2018	n/a	n/a	€290m
Dec 31 2017	€2m	€770k	€284m
Sep 30 2017	n/a	n/a	€274m
Jun 30 2017	n/a	n/a	€263m
Mar 31 2017	n/a	n/a	€259m
Dec 31 2016	€2m	€698k	€255m

Compensation vs Market: Gene's total compensation ($USD3.12M) is below average for companies of similar size in the MX market ($USD5.70M).

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

CEO

Gene Murtagh (51 yo)

18.4yrs

Tenure

€2,901,000

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...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Gene Murtagh	CEO & Executive Director	18.4yrs	€2.90m	0.59% MX$ 1.3b
Geoff Doherty	Group CFO & Executive Director	12.4yrs	€1.85m	0.14% MX$ 310.9m
Russell Shiels	President of Insulated Panel Business Americas	no data	€2.02m	0.12% MX$ 266.7m
Gilbert McCarthy	MD of Insulated Panels businesses - UK	13.9yrs	€1.69m	0.15% MX$ 330.9m
Catriona Nicholson	Head of Investor Relations	no data	no data	no data
Lorcan Dowd	Head of Legal & Group Company Secretary	17.9yrs	no data	0.0019% MX$ 4.1m
Jim Carolan	Group Head of Compliance & Certification	2.5yrs	no data	no data
Siobhan O'Dwyer	Global Head of Marketing & Public Affairs	4.3yrs	no data	no data
Pat Freeman	Managing Director of Water & Energy Division	no data	no data	no data
Donal Curtin	Managing Director of Roofing & Waterproofing Division	less than a year	no data	no data
Liam McDaniel	Divisional Managing Director of Light	no data	no data	no data
David McMahon	Managing Director of Group's Insulated Panel Activities - Central & Eastern Europe	no data	no data	no data

12.4yrs

Average Tenure

51yo

Average Age

Experienced Management: KSP N's management team is seasoned and experienced (12.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Gene Murtagh	CEO & Executive Director	23.6yrs	€2.90m	0.59% MX$ 1.3b
Geoff Doherty	Group CFO & Executive Director	12.4yrs	€1.85m	0.14% MX$ 310.9m
Russell Shiels	President of Insulated Panel Business Americas	26.5yrs	€2.02m	0.12% MX$ 266.7m
Gilbert McCarthy	MD of Insulated Panels businesses - UK	11.8yrs	€1.69m	0.15% MX$ 330.9m
Eugene Murtagh	President Emeritus	2.2yrs	€64.00k	14.85% MX$ 31.9b
Anne Heraty	Independent Non-Executive Director	3.8yrs	€75.00k	0.0012% MX$ 2.7m
Jost Massenberg	Independent Non-Executive Chairman	5.3yrs	€350.00k	0.00055% MX$ 1.2m
Paul Murtagh	Non-Executive Director	2.2yrs	€75.00k	no data
Louise Phelan	Independent Non-Executive Director	less than a year	no data	no data
Linda Hickey	Senior Independent Director	10yrs	€105.00k	0.0027% MX$ 5.9m
Eimear Moloney	Independent Non-Executive Director	2.2yrs	€75.00k	0.0011% MX$ 2.4m
Senan Murphy	Independent Non-Executive Director	less than a year	€19.00k	no data

4.6yrs

Average Tenure

55yo

Average Age

Experienced Board: KSP N's board of directors are considered experienced (4.6 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/06/13 06:20
End of Day Share Price	2023/03/16 00:00
Earnings	2022/12/31
Annual Earnings	2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Kingspan Group plc is covered by 24 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Pierre Sylvain Rousseau	Barclays
Pierre Sylvain Rousseau	Barclays
Robert Chantry	Berenberg

Kingspan Group Management

Management criteria checks 4/4

Key information

Recent management updates

Kingspan Group plc, Annual General Meeting, Apr 26, 2024

Group CFO & Executive Director recently sold Mex$12m worth of stock

Kingspan Group plc Announces Appointment of Louise Phelan as an Independent Non-Executive Director, Effective from 28 April 2023

Kingspan Group plc Announces Appointment of Louise Phelan as an Independent Non-Executive Director, Effective from 28 April 2023

Independent Non-Executive Director recently bought Mex$3.2m worth of stock

Recent updates

Kingspan Group plc (ISE:KRX) acquired 51% stake in Villalba S.A.

Kingspan Group plc (ISE:KRX) acquired an additional 26.5% stake in Nordic Waterproofing Holding AB (publ) (OM:NWG).

Kingspan Group plc (ISE:KRX) agreed to acquire IB Roof Systems, Inc. from Jason Stanley.

Kingspan Group plc to Report First Half, 2024 Results on Aug 16, 2024

Kingspan Group plc, Annual General Meeting, Apr 26, 2024

Kingspan Group plc (ISE:KRX) signed a series of agreements to acquire Stonewool insulation business and assets of Karl Bachl Kunststoffverarbeitung GmbH & Co. KG.

Kingspan Group plc to Report Fiscal Year 2023 Results on Feb 16, 2024

Kingspan Tables Takeover Offer for Nordic Waterproofing

Kingspan Says Takeover Talks with Carlisle No Longer Active

Kingspan Group Delist its Ordinary Shares on the Official List of the London Stock Exchange

Kingspan Group plc Declares Interim Dividend in Respect of 2023, Payable on 13 October 2023

Kingspan Group plc entered into an agreement to acquire a 51% stake in STEICO SE from Schramek Gmbh for approximately €290 million.

Group CFO & Executive Director recently sold Mex$12m worth of stock

Kingspan Group plc Announces Appointment of Louise Phelan as an Independent Non-Executive Director, Effective from 28 April 2023

Full year 2022 earnings released: EPS: €3.30 (vs €3.06 in FY 2021)

Kingspan Group plc Announces Appointment of Louise Phelan as an Independent Non-Executive Director, Effective from 28 April 2023

Investor sentiment improved over the past week

Kingspan Group plc to Report Fiscal Year 2022 Results on Feb 17, 2023

Now 23% undervalued

Kingspan Group plc (ISE:KRX) acquired ONDURA, SAS for €550 million

Investor sentiment deteriorated over the past week

Now 25% undervalued after recent price drop

Now 21% undervalued after recent price drop

Upcoming dividend of €0.26 per share

First half 2022 earnings released: EPS: €1.71 (vs €1.32 in 1H 2021)

Investor sentiment deteriorated over the past week

Kingspan Group plc Declares Interim Dividend in Respect of 2022, Payable on 7 October 2022

Now 20% undervalued

Investor sentiment deteriorated over the past week

Now 21% undervalued

Independent Non-Executive Director recently bought Mex$3.2m worth of stock

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources