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Kindred Group

DB:UNBA
Snowflake Description

Undervalued established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
UNBA
DB
SEK8B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Kindred Group plc operates an online gambling business primarily in Europe, Australia, and the United States. The last earnings update was 27 days ago. More info.


Add to Portfolio Compare Print
  • Kindred Group has significant price volatility in the past 3 months.
UNBA Share Price and Events
7 Day Returns
4.3%
DB:UNBA
-6.8%
DE Hospitality
-0.6%
DE Market
1 Year Returns
-67.8%
DB:UNBA
-48.1%
DE Hospitality
-20.9%
DE Market
UNBA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kindred Group (UNBA) 4.3% -23.2% -45% -67.8% -69.2% -
DE Hospitality -6.8% -31.3% -57.6% -48.1% -63.2% -70.6%
DE Market -0.6% -18.6% -26.2% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • UNBA underperformed the Hospitality industry which returned -48.1% over the past year.
  • UNBA underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
UNBA
Industry
5yr Volatility vs Market

UNBA Value

 Is Kindred Group 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 Kindred Group 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 Kindred Group.

DB:UNBA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 DB:UNBA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 7%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.782 (1 + (1- 35%) (45.05%))
1.007
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.01
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.007 * 6.96%)
6.62%

Discounted Cash Flow Calculation for DB:UNBA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Kindred Group 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.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:UNBA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 6.62%)
2020 102.67 Analyst x3 96.29
2021 119.67 Analyst x3 105.27
2022 129.67 Analyst x3 106.98
2023 136.22 Est @ 5.05% 105.40
2024 140.87 Est @ 3.42% 102.24
2025 144.08 Est @ 2.28% 98.07
2026 146.21 Est @ 1.48% 93.34
2027 147.55 Est @ 0.92% 88.35
2028 148.32 Est @ 0.52% 83.29
2029 148.69 Est @ 0.25% 78.32
Present value of next 10 years cash flows £957.00
DB:UNBA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £148.69 × (1 + -0.39%) ÷ (6.62% – -0.39%)
£2,112.50
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £2,112.50 ÷ (1 + 6.62%)10
£1,112.64
DB:UNBA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £957.00 + £1,112.64
£2,069.64
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £2,069.64 / 226.90
£9.12
DB:UNBA Discount to Share Price
Calculation Result
Exchange Rate GBP/SEK
(Reporting currency to currency of OM:KIND SDB)
12.463
Value per Share
(SEK)
= Value per Share in GBP x Exchange Rate (GBP/SEK)
= £9.12 x 12.463
SEK113.68
Non-primary Listing Adjustment Factor 1 share in DB:UNBA represents 0.08085x of OM:KIND SDB
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.08085x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 113.68 x 0.08085
€9.19
Value per share (EUR) From above. €9.19
Current discount Discount to share price of €2.86
= -1 x (€2.86 - €9.19) / €9.19
68.9%

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

Current Discount
Amount off the current price Kindred Group is available for.
Intrinsic value
>50%
Share price is €2.86 vs Future cash flow value of €9.19
Current Discount Checks
For Kindred Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Kindred Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Kindred Group's share price is below the future cash flow value, and 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 Kindred Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kindred Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:UNBA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in GBP £0.25
OM:KIND SDB Share Price ** OM (2020-04-03) in SEK SEK35.41
OM:KIND SDB Share Price converted to GBP reporting currency Exchange rate (SEK/ GBP) 0.08 £2.84
Germany Hospitality Industry PE Ratio Median Figure of 9 Publicly-Listed Hospitality Companies 21.1x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.57x

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

** Primary Listing of Kindred Group.

DB:UNBA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:KIND SDB Share Price ÷ EPS (both in GBP)

= 2.84 ÷ 0.25

11.38x

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

  • Kindred Group is good value based on earnings compared to the DE Hospitality industry average.
  • Kindred Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Kindred Group's expected growth come at a high price?
Raw Data
DB:UNBA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.38x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
16.7%per year
Europe Hospitality Industry PEG Ratio Median Figure of 63 Publicly-Listed Hospitality Companies 0.96x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

DB:UNBA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.38x ÷ 16.7%

0.68x

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

  • Kindred Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Kindred Group's assets?
Raw Data
DB:UNBA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in GBP £1.03
OM:KIND SDB Share Price * OM (2020-04-03) in SEK SEK35.41
OM:KIND SDB Share Price converted to GBP reporting currency Exchange rate (SEK/ GBP) 0.08 £2.84
Germany Hospitality Industry PB Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 1.73x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:UNBA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:KIND SDB Share Price ÷ Book Value per Share (both in GBP)

= 2.84 ÷ 1.03

2.76x

* Primary Listing of Kindred Group.

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

  • Kindred Group is overvalued based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess Kindred Group'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 Hospitality 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 Hospitality industry average (and greater than 0)? (1 check)
  5. Kindred Group has a total score of 5/6, 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.

UNBA Future Performance

 How is Kindred Group expected to perform in the next 1 to 3 years based on estimates from 4 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
16.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kindred Group expected to grow at an attractive rate?
  • Kindred Group's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Kindred Group's earnings growth is expected to exceed the Germany market average.
  • Kindred Group's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:UNBA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:UNBA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 16.7%
DB:UNBA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 11.3%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 28.9%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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
DB:UNBA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:UNBA Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,268 179 98 4
2021-12-31 1,134 173 82 4
2020-12-31 987 144 76 4
2020-04-05
DB:UNBA Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-12-31 913 120 57
2019-09-30 927 155 85
2019-06-30 931 150 104
2019-03-31 924 177 117
2018-12-31 908 206 132
2018-09-30 896 207 143
2018-06-30 858 239 136
2018-03-31 806 216 131
2017-12-31 751 203 117
2017-09-30 666 164 96
2017-06-30 615 121 87
2017-03-31 575 123 80

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kindred Group's earnings are expected to grow by 16.7% yearly, however this is not considered high growth (20% yearly).
  • Kindred Group's revenue is expected to grow by 11.3% 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
DB:UNBA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Kindred Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:UNBA Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.43 0.48 0.36 4.00
2021-12-31 0.36 0.44 0.29 4.00
2020-12-31 0.33 0.37 0.25 4.00
2020-04-05
DB:UNBA Past Financials Data
Date (Data in GBP Millions) EPS *
2019-12-31 0.25
2019-09-30 0.38
2019-06-30 0.46
2019-03-31 0.52
2018-12-31 0.58
2018-09-30 0.63
2018-06-30 0.60
2018-03-31 0.58
2017-12-31 0.52
2017-09-30 0.42
2017-06-30 0.38
2017-03-31 0.35

*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.
  • Kindred Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Kindred Group'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
Kindred Group has a total score of 4/6, 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.

UNBA Past Performance

  How has Kindred Group 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 Kindred Group's growth in the last year to its industry (Hospitality).
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.
  • Kindred Group's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Kindred Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Kindred Group's 1-year earnings growth is negative, it can't be compared to the DE Hospitality industry average.
Earnings and Revenue History
Kindred Group'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 Kindred Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:UNBA Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 912.80 56.60 309.20
2019-09-30 926.70 85.00 406.70
2019-06-30 931.40 103.80 408.00
2019-03-31 924.20 116.80 397.40
2018-12-31 907.60 131.60 281.70
2018-09-30 895.50 143.10 284.50
2018-06-30 858.40 136.10 346.80
2018-03-31 806.00 131.00 322.30
2017-12-31 751.40 117.40 306.80
2017-09-30 666.20 96.00 286.50
2017-06-30 614.90 87.10 266.80
2017-03-31 574.90 80.20 252.60
2016-12-31 544.10 83.90 236.10
2016-09-30 502.70 73.90 219.90
2016-06-30 446.50 65.80 200.00
2016-03-31 400.40 65.70 178.00
2015-12-31 354.10 55.70 163.60
2015-09-30 320.70 49.80 151.00
2015-06-30 315.00 53.40 149.40
2015-03-31 311.60 88.10 154.70
2014-12-31 312.00 93.40 156.60
2014-09-30 308.40 94.60 157.60
2014-06-30 292.00 86.30 156.60
2014-03-31 276.90 44.90 151.50
2013-12-31 268.00 40.10 149.30
2013-09-30 250.49 37.22 148.06
2013-06-30 230.30 32.37 141.14

*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.
  • Kindred Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Kindred Group used its assets more efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • Kindred Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Kindred Group'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 Hospitality 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.
Kindred Group has a total score of 3/6, 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.

UNBA Health

 How is Kindred Group'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 Kindred Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kindred Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Kindred Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Kindred Group'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1x 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 Kindred Group Company Filings, last reported 3 months ago.

DB:UNBA Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 234.00 225.40 137.80
2019-09-30 281.70 172.20 111.60
2019-06-30 264.30 193.70 109.20
2019-03-31 300.00 147.30 112.60
2018-12-31 292.00 194.30 174.30
2018-09-30 250.10 223.20 137.30
2018-06-30 211.50 240.20 127.10
2018-03-31 323.80 143.00 137.20
2017-12-31 298.20 195.60 159.10
2017-09-30 245.40 247.80 153.80
2017-06-30 214.60 259.50 107.10
2017-03-31 262.20 42.00 96.70
2016-12-31 243.50 54.60 89.40
2016-09-30 216.40 60.20 70.90
2016-06-30 206.60 62.10 78.70
2016-03-31 244.30 26.30 76.60
2015-12-31 213.10 56.70 83.40
2015-09-30 189.20 56.90 69.30
2015-06-30 170.30 0.00 40.20
2015-03-31 205.90 0.00 76.60
2014-12-31 202.90 0.00 67.00
2014-09-30 186.20 0.00 52.40
2014-06-30 173.00 16.00 58.10
2014-03-31 214.91 0.00 69.33
2013-12-31 199.30 0.00 54.90
2013-09-30 185.77 5.79 46.19
2013-06-30 179.22 11.86 41.01
  • Kindred Group's level of debt (96.3%) compared to net worth is high (greater than 40%).
  • Unable to establish if Kindred Group's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (53.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 12.7x coverage).
X
Financial health checks
We assess Kindred Group'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. Kindred Group has a total score of 2/6, 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.

UNBA Dividends

 What is Kindred Group'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
6.19%
Current annual income from Kindred Group dividends. Estimated to be 11.06% next year.
If you bought €2,000 of Kindred Group shares you are expected to receive €124 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?
  • Kindred Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Kindred Group's dividend is above the markets top 25% of dividend payers in Germany (4.86%).
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
DB:UNBA 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 4 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 11.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 316 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:UNBA Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.30 4.00
2021-12-31 0.36 4.00
2020-12-31 0.28 4.00
2020-04-05
DB:UNBA Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2020-02-12 0.176 5.786
2019-03-11 0.496 9.408
2019-02-13 0.496 6.145
2018-04-11 0.551 6.272
2017-05-16 0.310 3.311
2016-04-11 0.235 3.160
2015-02-11 0.205 3.422
2014-05-21 0.138 3.337
2013-02-13 0.088 2.732
2012-02-15 0.073 3.303
2011-11-02 0.000 0.000
2010-05-06 0.089 5.671
2009-04-09 0.029 1.397

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Kindred Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess Kindred Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Kindred Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kindred Group has a total score of 5/6, see the detailed checks below.


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

UNBA Management

 What is the CEO of Kindred Group'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
Henrik Tjärnström
COMPENSATION £1,559,300
AGE 49
TENURE AS CEO 9.8 years
CEO Bio

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 Unibet (International) Ltd. He serves as a Business Analyst of Skanska BOT UK Ltd. He served as Interim Chief Financial Officer of Kindred Group plc from March 31, 2008 to July 2010. He served as a Senior Financial Manager of Skanska Infrastructure Development AB from 2000 to 2008. He serves as a Member of Board at Orkdalsvegen AS. He served as a Director of Kindred Group plc from 2003 to March 18, 2008. He holds an MSc in Industrial Engineering and Management from the Institute of Technology, Linkoping University, Sweden.

CEO Compensation
  • Henrik's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Henrik's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Kindred Group management team in years:

7.3
Average Tenure
46.5
Average Age
  • The average tenure for the Kindred Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Anders Ström

TITLE
Co-Founder & Chairman
COMPENSATION
£260K
AGE
49
TENURE
23.3 yrs

Henrik Tjärnström

TITLE
Chief Executive Officer
COMPENSATION
£2M
AGE
49
TENURE
9.8 yrs

Graham Stretch

TITLE
Interim Chief Financial Officer
TENURE
0.2 yrs

Marcus Smedman

TITLE
Chief Technology Officer
AGE
50
TENURE
5.3 yrs

Daniel Johansson

TITLE
Chief Information Officer & Head of Business Development
AGE
44

Alexander Westrell

TITLE
Group Head of Communications

Elena Barber

TITLE
Chief Marketing Officer
AGE
36
TENURE
1.3 yrs

Gavin Hayward

TITLE
Chief HR Officer
AGE
55
TENURE
8.3 yrs

Britt Boeskov

TITLE
Chief Experience Officer
AGE
41
TENURE
11.3 yrs

Rhodri Darch

TITLE
Chief Commercial Officer Region 2
AGE
41
TENURE
6.3 yrs
Board of Directors Tenure

Average tenure and age of the Kindred Group board of directors in years:

1.9
Average Tenure
54
Average Age
  • The average tenure for the Kindred Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Stefan Lundborg

TITLE
Independent Non-Executive Director
COMPENSATION
£77K
AGE
54
TENURE
9.9 yrs

Anders Ström

TITLE
Co-Founder & Chairman
COMPENSATION
£260K
AGE
49

Gunnel Duveblad

TITLE
Independent Director
COMPENSATION
£92K
AGE
64
TENURE
1.9 yrs

Peter Boggs

TITLE
Independent Non-Executive Director
COMPENSATION
£84K
AGE
71
TENURE
18.3 yrs

Hélène Barnekow

TITLE
Independent Director
COMPENSATION
£79K
AGE
55
TENURE
1.9 yrs

Erik Forsberg

TITLE
Non Executive Director
COMPENSATION
£50K
AGE
48
TENURE
0.9 yrs

Carl-Magnus Månsson

TITLE
Non Executive Director
COMPENSATION
£43K
AGE
53
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Kindred Group individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
22. Mar 20 Buy Anders Ström Individual 18. Mar 20 18. Mar 20 330,000 €1.89 €622,058
17. Mar 20 Buy Anders Ström Individual 13. Mar 20 13. Mar 20 120,000 €2.86 €343,578
10. Mar 20 Buy Anders Ström Individual 06. Mar 20 06. Mar 20 240,000 €4.01 €963,177
17. Feb 20 Buy Anders Ström Individual 12. Feb 20 12. Feb 20 383,000 €5.28 €2,021,235
27. Feb 20 Buy Henrik Tjärnström Individual 21. Feb 20 21. Feb 20 71,170 €5.32 €378,694
04. Dec 19 Buy Rhodri Darch Individual 26. Nov 19 26. Nov 19 339 €5.78 €1,960
14. Oct 19 Sell Britt Boeskov Individual 01. Oct 19 01. Oct 19 -5,983 €5.25 €-31,417
08. Oct 19 Buy Anne-Jaap Snijders Individual 02. Oct 19 02. Oct 19 2,879 €5.25 €15,114
08. Oct 19 Buy Gavin Hayward Individual 02. Oct 19 02. Oct 19 6,702 €5.08 €34,050
07. Oct 19 Buy Rhodri Darch Individual 02. Oct 19 02. Oct 19 12,685 €5.25 €66,571
07. Oct 19 Buy Henrik Tjärnström Individual 02. Oct 19 02. Oct 19 15,905 €5.25 €83,499
07. Oct 19 Buy Fredrik Kjell Individual 02. Oct 19 02. Oct 19 1,855 €5.25 €9,738
03. Oct 19 Buy Marcus Smedman Individual 02. Oct 19 02. Oct 19 5,301 €5.25 €27,820
05. Sep 19 Sell Albin de Beauregard Individual 03. Sep 19 03. Sep 19 -1,443 €5.04 €-7,280
05. Sep 19 Buy Stefan Lundborg Individual 03. Sep 19 03. Sep 19 20,000 €5.03 €100,526
06. Jun 19 Buy Anne-Jaap Snijders Individual 29. May 19 29. May 19 175 €6.67 €1,168
06. Jun 19 Buy Marcus Smedman Individual 29. May 19 29. May 19 271 €6.67 €1,808
06. Jun 19 Buy Gavin Hayward Individual 29. May 19 29. May 19 402 €6.67 €2,682
06. Jun 19 Buy Britt Boeskov Individual 29. May 19 29. May 19 672 €6.67 €4,483
29. May 19 Buy Henrik Tjärnström Individual 27. May 19 27. May 19 100,000 €6.67 €662,530
30. Apr 19 Buy Henrik Tjärnström Individual 26. Apr 19 26. Apr 19 43,750 €7.60 €332,557
X
Management checks
We assess Kindred Group'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. Kindred Group 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.

UNBA News

Simply Wall St News

UNBA Company Info

Description

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; casino and games; and bingo through various brands, such as the 32 Red, bingo.com, Bohemia Casino, Casinohuone, Pokerhuone, Bingohuone, iGame, Kolikkopelit, Maria Casino, RoxyPalace, Storspelare, Storspiller, Unibet, and Vlad Cazino. As of December 31, 2019, it had approximately 27 million registered customers worldwide. The company was formerly known as Unibet Group plc and changed its name to Kindred Group plc in December 2016. Kindred Group plc was founded in 1997 and is headquartered in Sliema, Malta.

Details
Name: Kindred Group plc
UNBA
Exchange: DB
Founded: 1997
SEK731,641,350
226,899,679
Website: http://www.kindredgroup.com
Address: Kindred Group plc
The Centre,
Level 6,
Sliema,
TPO 0001,
Malta
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM KIND SDB SDR EACH REP 1 GBP0.000625 OMX Nordic Exchange Stockholm SE SEK 08. Jun 2004
DB UNBA SDR EACH REP 1 GBP0.000625 Deutsche Boerse AG DE EUR 08. Jun 2004
LSE 0RDS SDR EACH REP 1 GBP0.000625 London Stock Exchange GB SEK 08. Jun 2004
BATS-CHIXE KINDS SDR EACH REP 1 GBP0.000625 BATS 'Chi-X Europe' GB SEK 08. Jun 2004
Number of employees
Current staff
Staff numbers
1,666
Kindred Group employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 23:36
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/03/09
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.