Kennedy-Wilson Holdings
Market Cap
US$2.5b
Last Updated
2021/01/25 23:49 UTC
Data Sources
Company Financials +
Executive Summary
Kennedy-Wilson Holdings, Inc. operates as a real estate investment company. More Details
Snowflake Analysis
Established dividend payer with moderate growth potential.
Similar Companies
Share Price & News
How has Kennedy-Wilson Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: KW is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: KW's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
-1.5%
KW
9.1%
US Real Estate
2.6%
US Market
1 Year Return
-19.3%
KW
13.4%
US Real Estate
26.0%
US Market
Return vs Industry: KW underperformed the US Real Estate industry which returned 13.4% over the past year.
Return vs Market: KW underperformed the US Market which returned 26% over the past year.
Shareholder returns
| KW | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.5% | 9.1% | 2.6% |
| 30 Day | -1.9% | 8.1% | 5.1% |
| 90 Day | 30.3% | 21.1% | 17.1% |
| 1 Year | -14.4%-19.3% | 16.4%13.4% | 28.9%26.0% |
| 3 Year | 15.9%0.9% | 19.1%10.5% | 46.3%36.6% |
| 5 Year | 7.9%-12.1% | 51.1%32.8% | 126.9%101.6% |
Long-Term Price Volatility Vs. Market
How volatile is Kennedy-Wilson Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
Kennedy-Wilson Holdings, Inc. (NYSE:KW) Insiders Increased Their Holdings3 months ago | Simply Wall St
With A Return On Equity Of 8.4%, Has Kennedy-Wilson Holdings, Inc.'s (NYSE:KW) Management Done Well?3 months ago | Simply Wall St
Something To Consider Before Buying Kennedy-Wilson Holdings, Inc. (NYSE:KW) For The 5.9% DividendValuation
Is Kennedy-Wilson Holdings undervalued compared to its fair value and its price relative to the market?
30.64x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: KW ($17.65) is trading above our estimate of fair value ($10.5)
Significantly Below Fair Value: KW is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: KW is good value based on its PE Ratio (30.6x) compared to the US Real Estate industry average (32.9x).
PE vs Market: KW is poor value based on its PE Ratio (30.6x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: KW is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: KW is overvalued based on its PB Ratio (2.1x) compared to the US Real Estate industry average (1.2x).
Next Steps
Future Growth
How is Kennedy-Wilson Holdings forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
27.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KW's forecast earnings growth (27.7% per year) is above the savings rate (2%).
Earnings vs Market: KW's earnings (27.7% per year) are forecast to grow faster than the US market (21.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: KW's revenue (8% per year) is forecast to grow slower than the US market (10.6% per year).
High Growth Revenue: KW's revenue (8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: KW's Return on Equity is forecast to be low in 3 years time (2.6%).
Next Steps
Past Performance
How has Kennedy-Wilson Holdings performed over the past 5 years?
34.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KW has a large one-off gain of $276.1M impacting its September 30 2020 financial results.
Growing Profit Margin: KW's current net profit margins (15.2%) are higher than last year (14.6%).
Past Earnings Growth Analysis
Earnings Trend: KW's earnings have grown significantly by 34% per year over the past 5 years.
Accelerating Growth: KW's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: KW had negative earnings growth (-17.6%) over the past year, making it difficult to compare to the Real Estate industry average (-7.9%).
Return on Equity
High ROE: KW's Return on Equity (6.2%) is considered low.
Next Steps
Financial Health
How is Kennedy-Wilson Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: KW's short term assets ($971.2M) exceed its short term liabilities ($511.9M).
Long Term Liabilities: KW's short term assets ($971.2M) do not cover its long term liabilities ($5.1B).
Debt to Equity History and Analysis
Debt Level: KW's debt to equity ratio (338.7%) is considered high.
Reducing Debt: KW's debt to equity ratio has increased from 137% to 338.7% over the past 5 years.
Debt Coverage: KW's debt is not well covered by operating cash flow (0.3%).
Interest Coverage: KW's interest payments on its debt are not well covered by EBIT (0.1x coverage).
Balance Sheet
Next Steps
Dividend
What is Kennedy-Wilson Holdings's current dividend yield, its reliability and sustainability?
4.98%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: KW's dividend (4.99%) is higher than the bottom 25% of dividend payers in the US market (1.38%).
High Dividend: KW's dividend (4.99%) is in the top 25% of dividend payers in the US market (3.85%)
Stability and Growth of Payments
Stable Dividend: KW's dividends per share have been stable in the past 10 years.
Growing Dividend: KW's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (152.8%), KW's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: KW's dividends in 3 years are forecast to be covered by earnings (63% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.0yrs
Average management tenure
CEO
Bill McMorrow (73 yo)
33yrs
Tenure
US$16,312,480
Compensation
Mr. William J. McMorrow, also known as Bill, serves as the Chief Executive Officer of Kennedy Wilson Commercial Investment Group. Mr. McMorrow has been the Chairman and Chief Executive Officer at Kennedy-W...
CEO Compensation Analysis
Compensation vs Market: Bill's total compensation ($USD16.31M) is above average for companies of similar size in the US market ($USD5.01M).
Compensation vs Earnings: Bill's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 33yrs | US$16.31m | 8.56% $ 214.0m | |
| President & Director | 2.92yrs | US$12.75m | 1.14% $ 28.5m | |
| Chief Financial Officer | 8.75yrs | US$5.49m | 0.30% $ 7.5m | |
| Executive VP | 26yrs | US$5.63m | 0.31% $ 7.8m | |
| Executive Vice President | 9yrs | US$6.79m | 0.45% $ 11.2m | |
| Vice President of Investor Relations | no data | no data | no data | |
| Executive VP and Director of Global Risk Management & Human Resources | 4yrs | no data | no data | |
| Chief Operating Officer of Kennedy Wilson Europe | 4.67yrs | no data | no data | |
| Senior Managing Director | 3yrs | no data | no data | |
| Head of ESG & Corporate Affairs - Europe | 3yrs | no data | no data | |
| Head of UK Direct Real Estate | 2yrs | no data | no data | |
| Head of UK | 2yrs | no data | no data |
4.0yrs
Average Tenure
56yo
Average Age
Experienced Management: KW's management team is considered experienced (4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 33yrs | US$16.31m | 8.56% $ 214.0m | |
| President & Director | 2.92yrs | US$12.75m | 1.14% $ 28.5m | |
| Executive VP | 26yrs | US$5.63m | 0.31% $ 7.8m | |
| Independent Director | 10.42yrs | US$321.91k | 0.23% $ 5.8m | |
| Independent Director | 17yrs | US$321.91k | 0.23% $ 5.9m | |
| Independent Director | 0.83yr | no data | 0.011% $ 264.7k | |
| Director | 2.25yrs | US$434.40k | 0.023% $ 563.1k | |
| Lead Independent Director | 2.75yrs | US$331.91k | 1.69% $ 42.2m | |
| Independent Non-Executive Director | 2.25yrs | US$444.40k | 0.021% $ 531.3k | |
| Independent Director | 17yrs | US$331.91k | 0.048% $ 1.2m | |
| Independent Director | 2.92yrs | US$457.73k | 0.014% $ 361.7k | |
| Independent Director | 2.75yrs | US$437.73k | 0.014% $ 361.7k |
2.9yrs
Average Tenure
68.5yo
Average Age
Experienced Board: KW's board of directors are not considered experienced ( 2.9 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
Kennedy-Wilson Holdings, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Kennedy-Wilson Holdings, Inc.
- Ticker: KW
- Exchange: NYSE
- Founded: 1977
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: US$2.502b
- Shares outstanding: 141.73m
- Website: https://www.kennedywilson.com
Number of Employees
Location
- Kennedy-Wilson Holdings, Inc.
- 151 South El Camino Drive
- Beverly Hills
- California
- 90212
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| KW | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Nov 2009 |
| 13K | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Nov 2009 |
| 0JQI | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Nov 2009 |
Biography
Kennedy-Wilson Holdings, Inc. operates as a real estate investment company. The company owns, operates, and invests in real estate both on its own and through its investment management platform. It focuses...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/25 23:49 |
| End of Day Share Price | 2021/01/25 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.