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Kingspan Group

ISE:KRX
Snowflake Description

Excellent balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KRX
ISE
€8B
Market Cap
  1. Home
  2. IE
  3. Capital Goods
Company description

Kingspan Group plc, together with its subsidiaries, provides building solutions for the construction sector in the Republic of Ireland, the United Kingdom, rest of Europe, the Americas, and internationally. The last earnings update was 41 days ago. More info.


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  • Kingspan Group has significant price volatility in the past 3 months.
KRX Share Price and Events
7 Day Returns
-2.2%
ISE:KRX
3.7%
Europe Building
-1.3%
IE Market
1 Year Returns
3.4%
ISE:KRX
-8.2%
Europe Building
-19.8%
IE Market
KRX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kingspan Group (KRX) -2.2% -13.9% -17.7% 3.4% 54.1% 142.6%
Europe Building 3.7% -11.6% -20.2% -8.2% -11% 5.2%
IE Market -1.3% -18.2% -28.8% -19.8% -12.1% 1.5%
1 Year Return vs Industry and Market
  • KRX outperformed the Building industry which returned -8.2% over the past year.
  • KRX outperformed the Market in Ireland which returned -19.8% over the past year.
Price Volatility
KRX
Industry
5yr Volatility vs Market

KRX Value

 Is Kingspan 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 Kingspan 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 Kingspan Group.

ISE:KRX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year IE Government Bond Rate 0.1%

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 ISE:KRX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IE Govt Bond Rate 0.1%
Equity Risk Premium S&P Global 6.5%
Building Unlevered Beta Simply Wall St/ S&P Global 1.13
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.128 (1 + (1- 12.5%) (11.77%))
1.163
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.16
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.06% + (1.163 * 6.51%)
7.63%

Discounted Cash Flow Calculation for ISE:KRX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Kingspan 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.

ISE:KRX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.63%)
2020 331.66 Analyst x5 308.14
2021 338.72 Analyst x5 292.37
2022 303.00 Analyst x3 242.99
2023 289.50 Est @ -4.45% 215.70
2024 280.53 Est @ -3.1% 194.19
2025 274.49 Est @ -2.15% 176.53
2026 270.40 Est @ -1.49% 161.57
2027 267.63 Est @ -1.02% 148.57
2028 265.76 Est @ -0.7% 137.07
2029 264.51 Est @ -0.47% 126.75
Present value of next 10 years cash flows €2,003.00
ISE:KRX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €264.51 × (1 + 0.06%) ÷ (7.63% – 0.06%)
€3,494.31
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €3,494.31 ÷ (1 + 7.63%)10
€1,674.38
ISE:KRX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €2,003.00 + €1,674.38
€3,677.38
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €3,677.38 / 181.13
€20.3
ISE:KRX Discount to Share Price
Calculation Result
Value per share (EUR) From above. €20.30
Current discount Discount to share price of €45.68
= -1 x (€45.68 - €20.30) / €20.30
-125%

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

  • The current share price of Kingspan Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Kingspan Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kingspan Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ISE:KRX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €2.05
ISE:KRX Share Price ** ISE (2020-04-08) in EUR €45.68
Europe Building Industry PE Ratio Median Figure of 63 Publicly-Listed Building Companies 15.08x
Ireland Market PE Ratio Median Figure of 25 Publicly-Listed Companies 11.73x

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

** Primary Listing of Kingspan Group.

ISE:KRX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ISE:KRX Share Price ÷ EPS (both in EUR)

= 45.68 ÷ 2.05

22.33x

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

  • Kingspan Group is overvalued based on earnings compared to the Europe Building industry average.
  • Kingspan Group is overvalued based on earnings compared to the Ireland market.
Price based on expected Growth
Does Kingspan Group's expected growth come at a high price?
Raw Data
ISE:KRX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
3.4%per year
Europe Building Industry PEG Ratio Median Figure of 34 Publicly-Listed Building Companies 1.13x
Ireland Market PEG Ratio Median Figure of 24 Publicly-Listed Companies 0.6x

*Line of best fit is calculated by linear regression .

ISE:KRX PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.33x ÷ 3.4%

6.63x

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

  • Kingspan Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Kingspan Group's assets?
Raw Data
ISE:KRX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €11.45
ISE:KRX Share Price * ISE (2020-04-08) in EUR €45.68
Europe Building Industry PB Ratio Median Figure of 78 Publicly-Listed Building Companies 1.21x
Ireland Market PB Ratio Median Figure of 32 Publicly-Listed Companies 0.84x
ISE:KRX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ISE:KRX Share Price ÷ Book Value per Share (both in EUR)

= 45.68 ÷ 11.45

3.99x

* Primary Listing of Kingspan Group.

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

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

KRX Future Performance

 How is Kingspan Group expected to perform in the next 1 to 3 years based on estimates from 10 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
3.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kingspan Group expected to grow at an attractive rate?
  • Kingspan Group's earnings growth is expected to exceed the low risk savings rate of 0.1%.
Growth vs Market Checks
  • Kingspan Group's earnings growth is positive but not above the Ireland market average.
  • Kingspan Group's revenue growth is positive but not above the Ireland market average.
Annual Growth Rates Comparison
Raw Data
ISE:KRX Future Growth Rates Data Sources
Data Point Source Value (per year)
ISE:KRX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 3.4%
ISE:KRX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 2.2%
Europe Building Industry Earnings Growth Rate Market Cap Weighted Average 5.8%
Europe Building Industry Revenue Growth Rate Market Cap Weighted Average 2.6%
Ireland Market Earnings Growth Rate Market Cap Weighted Average 11.3%
Ireland Market Revenue Growth Rate Market Cap Weighted Average 4%

*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
ISE:KRX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ISE:KRX Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 5,102 633 399 1
2022-12-31 4,912 564 401 7
2021-12-31 4,778 556 380 10
2020-12-31 4,492 514 341 10
2020-04-08
ISE:KRX Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 4,659 520 369
2019-09-30 4,632 508 362
2019-06-30 4,606 496 355
2019-03-31 4,489 467 343
2018-12-31 4,373 438 331
2018-09-30 4,151 371 314
2018-06-30 3,929 303 296
2018-03-31 3,798 293 290
2017-12-31 3,668 284 284
2017-09-30 3,529 265 274
2017-06-30 3,390 247 263
2017-03-31 3,249 278 259

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kingspan Group's earnings are expected to grow by 3.4% yearly, however this is not considered high growth (20% yearly).
  • Kingspan Group's revenue is expected to grow by 2.2% 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
ISE:KRX 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 10 Analyst Estimates (S&P Global) See Below

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

ISE:KRX Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 2.19 2.19 2.19 1.00
2022-12-31 2.13 2.72 1.66 5.00
2021-12-31 2.02 2.46 1.55 7.00
2020-12-31 1.79 2.22 1.50 7.00
2020-04-08
ISE:KRX Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 2.05
2019-09-30 2.01
2019-06-30 1.97
2019-03-31 1.91
2018-12-31 1.84
2018-09-30 1.75
2018-06-30 1.65
2018-03-31 1.62
2017-12-31 1.59
2017-09-30 1.53
2017-06-30 1.48
2017-03-31 1.46

*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.
  • Kingspan Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Kingspan 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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Kingspan Group has a total score of 1/6, 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.

KRX Past Performance

  How has Kingspan 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 Kingspan Group's growth in the last year to its industry (Building).
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.
  • Kingspan Group's year on year earnings growth rate has been positive over the past 5 years.
  • Kingspan Group's 1-year earnings growth is less than its 5-year average (11.6% vs 19.4%)
  • Kingspan Group's earnings growth has exceeded the Europe Building industry average in the past year (11.6% vs 5.5%).
Earnings and Revenue History
Kingspan 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 Kingspan Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ISE:KRX Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 4,659.10 369.40 855.30
2019-09-30 4,632.40 362.40 834.40
2019-06-30 4,605.70 355.40 813.50
2019-03-31 4,489.10 343.15 789.75
2018-12-31 4,372.50 330.90 766.00
2018-09-30 4,150.60 313.60 738.05
2018-06-30 3,928.70 296.30 710.10
2018-03-31 3,798.40 290.30 690.90
2017-12-31 3,668.10 284.30 671.70
2017-09-30 3,528.90 273.55 652.95
2017-06-30 3,389.70 262.80 634.20
2017-03-31 3,249.10 259.10 615.25
2016-12-31 3,108.50 255.40 596.30
2016-09-30 3,057.80 243.60 592.40
2016-06-30 3,007.10 231.80 588.50
2016-03-31 2,890.70 209.95 568.15
2015-12-31 2,774.30 188.10 547.80
2015-09-30 2,505.75 163.60 496.15
2015-06-30 2,237.20 139.10 444.50
2015-03-31 2,064.20 123.15 405.55
2014-12-31 1,891.20 107.20 366.60
2014-09-30 1,852.89 102.89 355.58
2014-06-30 1,814.57 98.58 344.56
2014-03-31 1,795.69 93.09 341.03
2013-12-31 1,776.80 87.60 337.50
2013-09-30 1,749.83 81.46 251.05
2013-06-30 1,722.85 75.32 164.60

*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.
  • Kingspan Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Kingspan Group used its assets more efficiently than the Europe Building industry average last year based on Return on Assets.
  • Kingspan Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Kingspan 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 Building 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.
Kingspan 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.

KRX Health

 How is Kingspan 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 Kingspan Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kingspan Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Kingspan Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Kingspan 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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.8x 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 Kingspan Group Company Filings, last reported 3 months ago.

ISE:KRX Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,120.40 848.80 190.90
2019-09-30 2,120.40 848.80 190.90
2019-06-30 1,925.50 922.20 157.60
2019-03-31 1,925.50 922.20 157.60
2018-12-31 1,788.90 1,016.00 294.50
2018-09-30 1,788.90 1,016.00 294.50
2018-06-30 1,675.40 903.70 171.00
2018-03-31 1,675.40 903.70 171.00
2017-12-31 1,568.00 658.40 176.60
2017-09-30 1,568.00 658.40 176.60
2017-06-30 1,507.60 677.10 205.60
2017-03-31 1,507.60 677.10 205.60
2016-12-31 1,471.50 694.90 222.00
2016-09-30 1,471.50 694.90 222.00
2016-06-30 1,338.10 557.80 166.50
2016-03-31 1,338.10 557.80 166.50
2015-12-31 1,293.80 567.70 212.00
2015-09-30 1,293.80 567.70 212.00
2015-06-30 1,204.10 639.50 170.60
2015-03-31 1,204.10 639.50 170.60
2014-12-31 1,009.10 337.30 185.70
2014-09-30 1,009.10 337.30 185.70
2014-06-30 923.02 301.27 192.71
2014-03-31 923.02 301.27 192.71
2013-12-31 859.60 297.60 196.60
2013-09-30 859.60 297.60 196.60
2013-06-30 825.56 316.42 136.62
  • Kingspan Group's level of debt (40%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (33.7% vs 40% today).
  • Debt is well covered by operating cash flow (61.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 23.2x coverage).
X
Financial health checks
We assess Kingspan 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. Kingspan Group has a total score of 5/6, 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.

KRX Dividends

 What is Kingspan 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
0%
Current annual income from Kingspan Group dividends. Estimated to be 1% next year.
If you bought €2,000 of Kingspan Group shares you are expected to receive €0 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?
  • Unable to evaluate Kingspan Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Kingspan Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
ISE:KRX 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 10 Analyst Estimates (S&P Global) See Below
Europe Building Industry Average Dividend Yield Market Cap Weighted Average of 46 Stocks 3.2%
Ireland Market Average Dividend Yield Market Cap Weighted Average of 18 Stocks 3%
Ireland Minimum Threshold Dividend Yield 10th Percentile 1.2%
Ireland Bottom 25% Dividend Yield 25th Percentile 3.1%
Ireland Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

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

ISE:KRX Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.50 1.00
2022-12-31 0.49 6.00
2021-12-31 0.47 9.00
2020-12-31 0.42 9.00
2020-04-08
ISE:KRX Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-19 0.000 0.000
2019-02-22 0.420 0.890
2018-03-05 0.370 0.954
2018-02-23 0.370 1.059
2017-03-06 0.335 1.026
2017-02-17 0.335 1.146
2016-04-01 0.250 1.053
2016-02-22 0.250 1.107
2015-03-24 0.163 0.751
2015-02-23 0.163 0.917
2014-03-31 0.140 1.063
2014-02-24 0.140 0.985
2013-02-25 0.123 1.104
2012-02-27 0.110 1.435
2011-03-25 0.120 1.832
2011-02-28 0.120 1.855
2010-08-23 0.080 1.280
2010-03-01 0.000 0.000
2009-08-24 0.000 0.000
2009-04-14 0.000 0.000

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

  • Unable to perform a dividend volatility check as Kingspan Group has not reported any payouts.
  • Unable to verify if Kingspan Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Kingspan Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Kingspan Group has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Kingspan Group's dividends in 3 years as they are not expected to pay a notable one for Ireland.
X
Income/ dividend checks
We assess Kingspan Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Kingspan Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kingspan Group has a total score of 0/6, see the detailed checks below.


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

KRX Management

 What is the CEO of Kingspan 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
Gene Murtagh
COMPENSATION €1,998,000
AGE 47
TENURE AS CEO 15.3 years
CEO Bio

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 2004. He served as the Managing Director of Insulated Panel Businesses and Managing Director of the Environmental Containers Businesses at Kingspan Group PLC, which he joined in 1993. Mr. Murtagh has been an Executive Director of Kingspan Group plc since November 1999.

CEO Compensation
  • Gene's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Insufficient data for Gene to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

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

3.7
Average Tenure
47
Average Age
  • The tenure for the Kingspan Group management team is about average.
Management Team

Gene Murtagh

TITLE
CEO & Executive Director
COMPENSATION
€2M
AGE
47
TENURE
15.3 yrs

Geoff Doherty

TITLE
CFO & Executive Director
COMPENSATION
€1M
AGE
47
TENURE
9.3 yrs

Peter Wilson

TITLE
Managing Director of Insulation Business & Executive Director
COMPENSATION
€805K
AGE
62

Gilbert McCarthy

TITLE
MD - Insulated Panel Activities-UK
COMPENSATION
€1M
AGE
47
TENURE
10.8 yrs

Siobhan O’Dwyer

TITLE
Global Head of Marketing
TENURE
1.1 yrs

Marie Maguire

TITLE
Group People & Leadership Development Manager
TENURE
0.8 yrs

Paul O’Gorman

TITLE
Managing Director of Joris Ide Insulated Panels
TENURE
3.7 yrs

Pat Freeman

TITLE
Managing Director of Water & Energy Division

Liam McDaniel

TITLE
Divisional Managing Director of Light & Air

David McMahon

TITLE
Managing Director of Group's Insulated Panel Activities - Central & Eastern Europe and Russia
TENURE
2.3 yrs
Board of Directors Tenure

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

8.6
Average Tenure
57
Average Age
  • The tenure for the Kingspan Group board of directors is about average.
Board of Directors

Gene Murtagh

TITLE
Non-Executive Chairman
AGE
76

Gene Murtagh

TITLE
CEO & Executive Director
COMPENSATION
€2M
AGE
47
TENURE
20.4 yrs

Geoff Doherty

TITLE
CFO & Executive Director
COMPENSATION
€1M
AGE
47
TENURE
9.3 yrs

Peter Wilson

TITLE
Managing Director of Insulation Business & Executive Director
COMPENSATION
€805K
AGE
62
TENURE
17.2 yrs

Gilbert McCarthy

TITLE
MD - Insulated Panel Activities-UK
COMPENSATION
€1M
AGE
47
TENURE
8.6 yrs

Linda Hickey

TITLE
Independent Non-Executive Director
AGE
57
TENURE
6.8 yrs

Michael Cawley

TITLE
Independent Non-Executive Director
AGE
65
TENURE
5.9 yrs

Russell Shiels

TITLE
Executive Director
COMPENSATION
€2M
AGE
57
TENURE
23.3 yrs

John Cronin

TITLE
Independent Non-Executive Director
AGE
59
TENURE
5.9 yrs

Bruce McLennan

TITLE
Independent Non-Executive Director
AGE
54
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • Kingspan Group individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
24. Feb 20 Sell Geoff Doherty Individual 21. Feb 20 21. Feb 20 -50,000 €64.55 €-3,203,700
17. Dec 19 Sell Russell Shiels Individual 16. Dec 19 16. Dec 19 -50,000 €54.56 €-2,728,000
19. Jun 19 Sell Peter Wilson Individual 19. Jun 19 19. Jun 19 -20,912 €46.28 €-967,807
05. Jun 19 Sell Russell Shiels Individual 05. Jun 19 05. Jun 19 -50,000 €47.12 €-2,356,000
21. May 19 Sell Geoff Doherty Individual 20. May 19 21. May 19 -20,000 €45.27 €-904,886
17. May 19 Sell Eugene Murtagh Individual 16. May 19 16. May 19 -1,000,000 €44.50 €-44,500,000
X
Management checks
We assess Kingspan 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. Kingspan 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.

KRX News

Simply Wall St News

If You Like EPS Growth Then Check Out Kingspan Group (ISE:KRX) Before It's Too Late

In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Kingspan Group (ISE:KRX). … See our latest analysis for Kingspan Group How Quickly Is Kingspan Group Increasing Earnings Per Share? … We would not expect to see insiders owning a large percentage of a €7.5b company like Kingspan Group.

Simply Wall St -

Need To Know: Kingspan Group plc (ISE:KRX) Insiders Have Been Selling Shares

Check out our latest analysis for Kingspan Group The Last 12 Months Of Insider Transactions At Kingspan Group In the last twelve months, the biggest single sale by an insider was when the Non-Executive Chairman, Eugene Murtagh, sold €45m worth of shares at a price of €44.50 per share. … Over the last year we saw more insider selling of Kingspan Group shares, than buying. … ISE:KRX Recent Insider Trading, August 17th 2019 Insiders at Kingspan Group Have Sold Stock Recently The last quarter saw substantial insider selling of Kingspan Group shares.

Simply Wall St -

What Kind Of Investor Owns Most Of Kingspan Group plc (ISE:KRX)?

Taking a look at our data on the ownership groups (below), it's seems that institutional investors have bought into the company. … Check out our latest analysis for Kingspan Group ISE:KRX Ownership Summary, August 9th 2019 What Does The Institutional Ownership Tell Us About Kingspan Group? … Insider Ownership Of Kingspan Group The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St -

What Are Analysts Saying About The Future Of Kingspan Group plc's (ISE:KRX)?

Looking at Kingspan Group plc's (ISE:KRX) earnings update in December 2018, analyst consensus outlook appear cautiously subdued, with profits predicted to rise by 11% next year compared with the higher past 5-year average growth rate of 25%. … See our latest analysis for Kingspan Group What can we expect from Kingspan Group in the longer term? … ISE:KRX Past and Future Earnings, July 30th 2019 This results in an annual growth rate of 7.9% based on the most recent earnings level of €331m to the final forecast of €425m by 2022.

Simply Wall St -

Kingspan Group (ISE:KRX) Seems To Use Debt Quite Sensibly

Debt assists a business until the business has trouble paying it off, either with new capital or with free cash flow. … Since Kingspan Group does have net debt, we think it is worthwhile for shareholders to keep an eye on the balance sheet, over time. … Over the most recent three years, Kingspan Group recorded free cash flow worth 61% of its EBIT, which is around normal, given free cash flow excludes interest and tax.

Simply Wall St -

Will Kingspan Group plc's (ISE:KRX) Earnings Grow In The Years Ahead?

Investors may find it useful to understand how market analysts predict Kingspan Group's earnings growth trajectory over the next couple of years and whether the future looks even brighter than the past. … See our latest analysis for Kingspan Group Market analysts' prospects for the upcoming year seems positive, with earnings increasing by a robust 11%. … ISE:KRX Past and Future Earnings, July 11th 2019 While it’s useful to be aware of the growth rate each year relative to today’s level, it may be more insightful analyzing the rate at which the company is rising or falling every year, on average.

Simply Wall St -

Kingspan Group plc (ISE:KRX) Earns A Nice Return On Capital Employed

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Kingspan Group: 0.14 = €426m ÷ (€4.0b - €1.0b) (Based on the trailing twelve months to December 2018.) Therefore, Kingspan Group has an ROCE of 14%. … Kingspan Group's Current Liabilities And Their Impact On Its ROCE Liabilities, such as supplier bills and bank overdrafts, are referred to as current liabilities if they need to be paid within 12 months. … What We Can Learn From Kingspan Group's ROCE This is good to see, and with a sound ROCE, Kingspan Group could be worth a closer look.

Simply Wall St -

Does Kingspan Group plc's (ISE:KRX) CEO Salary Compare Well With Others?

See our latest analysis for Kingspan Group How Does Gene Murtagh's Compensation Compare With Similar Sized Companies? … According to our data, Kingspan Group plc has a market capitalization of €8.3b, and pays its CEO total annual compensation worth €2.0m. … ISE:KRX CEO Compensation, June 21st 2019 Is Kingspan Group plc Growing?

Simply Wall St -

Should You Worry About Kingspan Group plc's (ISE:KRX) CEO Salary Level?

See our latest analysis for Kingspan Group How Does Gene Murtagh's Compensation Compare With Similar Sized Companies? … At the time of writing our data says that Kingspan Group plc has a market cap of €8.3b, and is paying total annual CEO compensation of €2.0m. … We examined companies with market caps from €3.5b to €11b, and discovered that the median CEO total compensation of that group was €2.0m.

Simply Wall St -

Want To Invest In Kingspan Group plc (ISE:KRX)? Here's How It Performed Lately

In this commentary, I will examine Kingspan Group plc's (ISE:KRX) latest earnings update (31 December 2018) and compare these figures against its performance over the past couple of years, as well as how the rest of the building industry performed. … Check out our latest analysis for Kingspan Group Commentary On KRX's Past Performance KRX's trailing twelve-month earnings (from 31 December 2018) of €331m has jumped 16% compared to the previous year. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 25%, indicating the rate at which KRX is growing has slowed down.

Simply Wall St -

KRX Company Info

Description

Kingspan Group plc, together with its subsidiaries, provides building solutions for the construction sector in the Republic of Ireland, the United Kingdom, rest of Europe, the Americas, and internationally. It operates through five segments: Insulated Panels, Insulation Boards, Light & Air, Water & Energy, and Data & Flooring Technology. The Insulated Panels segment offers insulated panel systems, controlled environments, architectural façade systems, architectural roofing products, structural steel solutions, rooftop solar PV solutions, and door components. The Insulation Boards segment provides rigid insulation products for building fabric and building services applications; pre-insulated ductworks; engineered timber systems; protective packaging solutions; moisture management structures; self-build homes; and home energy efficiency upgrades for various applications in the domestic, non-domestic, new build, and refurbishment sectors. The Light & Air segment provides a suite of day lighting and energy efficient lighting products, as well as natural ventilation and smoke management solutions. The Water & Energy segment offers solutions for rainwater harvesting and wastewater management, renewable technologies, hot water systems, and environmental fuel storage solutions, as well as telemetry and smart monitoring for various building projects. The Data & Flooring Technology segment engages in the research, development, and manufacture of commercial building and data center interior infrastructure solutions comprising access floor systems, architectural finishes, airflow panels and controls, data center containment systems, and structural data center ceilings. The company also engages in trustee and finance businesses. Kingspan Group plc was founded in 1965 and is headquartered in Kingscourt, Ireland.

Details
Name: Kingspan Group plc
KRX
Exchange: ISE
Founded: 1965
€8,273,930,283
181,128,071
Website: http://www.kingspan.com
Address: Kingspan Group plc
Dublin Road,
Kingscourt,
Co. Cavan, A82 XY31,
Ireland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ISE KRX Ordinary Shares Irish Stock Exchange IE EUR 02. Jan 1992
OTCPK KGSP.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB KRX Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE KGP Ordinary Shares London Stock Exchange GB EUR 02. Jan 1992
OTCPK KGSP.Y UNSPONSORED ADR Pink Sheets LLC US USD 28. Oct 2008
Number of employees
Current staff
Staff numbers
15,000
Kingspan Group employees.
Industry
Building Products
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 20:56
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/08
Last earnings filing: 2020/02/27
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.