OM:KIND SDB

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Executive Summary

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


Snowflake Analysis

Proven track record with mediocre balance sheet.


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: KIND SDB is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: KIND SDB's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-3.2%

KIND SDB

4.1%

SE Hospitality

1.0%

SE Market


1 Year Return

112.5%

KIND SDB

74.3%

SE Hospitality

15.2%

SE Market

Return vs Industry: KIND SDB exceeded the Swedish Hospitality industry which returned 74.3% over the past year.

Return vs Market: KIND SDB exceeded the Swedish Market which returned 15.2% over the past year.


Shareholder returns

KIND SDBIndustryMarket
7 Day-3.2%4.1%1.0%
30 Day31.0%14.2%7.2%
90 Day45.8%27.9%10.9%
1 Year112.5%112.5%81.5%74.3%18.3%15.2%
3 Year-6.6%-19.3%132.2%108.9%47.0%29.5%
5 Year36.4%9.9%217.2%178.2%86.7%46.8%

Long-Term 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

Valuation

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

22.82x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: KIND SDB (SEK104.4) is trading above our estimate of fair value (SEK76.14)

Significantly Below Fair Value: KIND SDB is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: KIND SDB is poor value based on its PE Ratio (22.8x) compared to the SE Hospitality industry average (22.1x).

PE vs Market: KIND SDB is good value based on its PE Ratio (22.8x) compared to the Swedish market (23.6x).


Price to Earnings Growth Ratio

PEG Ratio: KIND SDB is poor value based on its PEG Ratio (213.3x)


Price to Book Ratio

PB vs Industry: KIND SDB is overvalued based on its PB Ratio (6.3x) compared to the SE Hospitality industry average (4x).


Next Steps

Future Growth

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

0.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KIND SDB's forecast earnings growth (0.1% per year) is below the savings rate (0.4%).

Earnings vs Market: KIND SDB's earnings (0.1% per year) are forecast to grow slower than the Swedish market (11.8% per year).

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

Revenue vs Market: KIND SDB's revenue (11.2% per year) is forecast to grow faster than the Swedish market (3.4% per year).

High Growth Revenue: KIND SDB's revenue (11.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: KIND SDB's Return on Equity is forecast to be high in 3 years time (30.2%)


Next Steps

Past Performance

How has Kindred Group performed over the past 5 years?

4.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KIND SDB has a large one-off loss of £28.3M impacting its September 30 2020 financial results.

Growing Profit Margin: KIND SDB's current net profit margins (9.1%) are lower than last year (9.1%).


Past Earnings Growth Analysis

Earnings Trend: KIND SDB's earnings have grown by 4.3% per year over the past 5 years.

Accelerating Growth: KIND SDB's earnings growth over the past year (7.7%) exceeds its 5-year average (4.3% per year).

Earnings vs Industry: KIND SDB earnings growth over the past year (7.7%) exceeded the Hospitality industry 5.7%.


Return on Equity

High ROE: KIND SDB's Return on Equity (27.7%) is considered high.


Next Steps

Financial Health

How is Kindred Group's financial position?


Financial Position Analysis

Short Term Liabilities: KIND SDB's short term assets (£299.5M) do not cover its short term liabilities (£334.3M).

Long Term Liabilities: KIND SDB's short term assets (£299.5M) exceed its long term liabilities (£188.0M).


Debt to Equity History and Analysis

Debt Level: KIND SDB's debt to equity ratio (40.9%) is considered high.

Reducing Debt: KIND SDB's debt to equity ratio has increased from 30% to 40.9% over the past 5 years.

Debt Coverage: KIND SDB's debt is well covered by operating cash flow (165.2%).

Interest Coverage: KIND SDB's interest payments on its debt are well covered by EBIT (25.7x coverage).


Balance Sheet


Next Steps

Dividend

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

4.18%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate KIND SDB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate KIND SDB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if KIND SDB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if KIND SDB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: KIND SDB is not paying a notable dividend for the Swedish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of KIND SDB's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.


Next Steps

Management

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

6.0yrs

Average management tenure


CEO

Henrik Tjärnström (50 yo)

10.5yrs

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 Trannel International Ltd (formerly known as Unibet ...


CEO Compensation Analysis

Compensation vs Market: Henrik's total compensation ($USD2.14M) is above average for companies of similar size in the Swedish market ($USD1.20M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Anders Strom
Co-Founder & Chairmanno dataUK£260.00k3.04%
£ 721.1m
Henrik Tjärnström
Chief Executive Officer10.5yrsUK£1.56m0.73%
£ 172.1m
Graham Stretch
Interim Chief Financial Officer0.92yrno datano data
Johan Wilsby
Chief Financial Officer1yrno datano data
Marcus Smedman
Chief Technology Officer6yrsno data0.0072%
£ 1.7m
Daniel Johansson
Chief Information Officer & Head of Business Developmentno datano datano data
Ewout Keuleers
Chief Legal & Compliance Officer1yrno datano data
Alexander Westrell
Group Head of Communicationsno datano datano data
Elena Barber
Chief Marketing Officer2yrsno data0.00072%
£ 170.8k
Gavin Hayward
Chief Human Resources Officer9yrsno data0.0076%
£ 1.8m
Britt Boeskov
Chief Experience Officer12yrsno data0.013%
£ 3.0m
- Stephen
Head of IT Australiano datano datano data

6.0yrs

Average Tenure

50yo

Average Age

Experienced Management: KIND SDB's management team is seasoned and experienced (6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Anders Strom
Co-Founder & Chairmanno dataUK£260.00k3.04%
£ 721.1m
Gunnel Duveblad
Independent Director2.67yrsUK£91.60k0.0035%
£ 835.2k
Peter Boggs
Independent Non-Executive Director19yrsUK£83.60k0.061%
£ 14.5m
Carl-Magnus Månsson
Non Executive Director1.67yrsUK£43.40k0.0044%
£ 1.0m
Erik Forsberg
Non Executive Director1.67yrsUK£49.70k0.0022%
£ 522.0k

2.2yrs

Average Tenure

54yo

Average Age

Experienced Board: KIND SDB's board of directors are not considered experienced ( 2.2 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: Insufficient data to determine if 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: KIND SDB
  • Exchange: OM
  • Founded: 1997
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: kr23.726b
  • Shares outstanding: 227.15m
  • 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
KNDG.FOTCPK (Pink Sheets LLC)YesSDR EACH REP 1 GBP0.000625USUSDJun 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; cas...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 19:20
End of Day Share Price2021/01/21 00:00
Earnings2020/09/30
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.