Kingfisher (KGF)

Company name:	Kingfisher Plc
Company Description:	A group engaged in international home improvement; operating in markets that fit strategic criteria of attractive scale; structure and economics
EPIC:	KGF	Trading Currency:	GBX
Market Sector:	FS10	ISIN:	GB0033195214
Market Segment:	SET1	Share Type:	DE
WWW Address:	http://www.kingfisher.co.uk/	Description:	ORD 15 5/7P
Industry Sector:	GENERAL RETAILERS

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
207.10	3.0 [1.47]	207.40	207.50	203.60	207.80	202.40	4,625,854
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
4,585.91	2,214.34	-0.09	10.30	10.80	20.11	5.21	268.20 - 185.90

Kingfisher Key Figures

(at previous day's close)
Market Cap.	4,585.91	m
Shares In Issue	2,214.34	m
Prev. Close	204.10
PE Ratio	20.11
Dividend Yield	5.21	%
EPS - basic	10.30	p
Dividend PS	10.80	p
Dividend Cover	0.95
Cash Flow PS	29.31	p
Return On Equity (ROE)	3.27	%
Operating Margin	2.76	%
PEG Factor	-0.38
EPS Growth Rate	-53.39	%
Dividends PS Growth Rate	-	%
Net Debt	3,114.00	m
Gross Gearing	33.43	%
Quick Assets	791.00	m
Net Working Capital	733.00	m
Intangibles / Fixed Assets	42.31	%
Turnover PS	527.70	p
Pre-Tax Profit PS	14.54	p
Retained Profit PS	-0.59	p
Cash PS	10.34	p
Net Cash PS	-108.52	p
Net Tangible Asset Value PS *	173.87	p
Net Asset Value PS	300.63	p
Spread	0.10 (0.05%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Kingfisher Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	216.00	201.90
4 weeks	219.00	189.40
12 weeks	225.00	185.90
1 year	268.20	185.90

Share Price Chart (5 years)

Kingfisher Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	213.10	-6.00	-2.82	201.90	6.54		208.51
4 weeks	215.30	-8.20	-3.81	189.40	8.32		207.45
12 weeks	205.70	1.40	0.68	185.90	9.91		206.52
26 weeks	219.40	-12.30	-5.61	185.90	9.80		207.21
1 year	235.80	-28.70	-12.17	185.90	9.03		218.08
3 years	348.50	-141.40	-40.57	185.90	9.76		279.94
5 years	319.30	-112.20	-35.14	185.90	9.01		305.31
† periods calculated are whole weeks rather than calendar months

Kingfisher Key Management Ratios

Kingfisher Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	5.01
PE Ratio	20.11
Tobin's Q Ratio	0.45
Tobin's Q Ratio (excl. intangibles)	0.62
Dividend Yield	5.21	%
Market-to-Book Ratio	0.69
Price-to-Pre-Tax Profit PS	14.24
Price-to-Retained Profit PS	-352.76
Price-to-Cash Flow PS	7.07
Price-to-Sales PS	0.39
Price-to-Net Tangible Asset Value PS	1.19
Price-to-Cash PS	20.03
Net Working Capital PS	33.10
Price Pct to Working Capital PS	6.26	%
Earnings Yield	4.97	%
Average PE	16.43
Years in average	5
PE to PE average	122.37	%

Kingfisher Financial Ratios

(Leverage Ratios)
Debt Ratio	9.65	%
Debt-to-Equity Ratio	0.11
Debt-to-Equity Ratio (excl. Intgbl)	0.18
Debt-to-Equity Market Value	0.16
Net Gearing	31.14	%
Net Gearing (excl. Intangibles)	43.29	%
Gross Gearing	33.43	%
Gross Gearing (excl. Intangibles)	46.48	%
Gearing Under 1 Year	26.32	%
Gearing Under 1 Year (excl. Intgbl)	36.59	%
Assets/Equity	1.50
Cash/Equity	3.44
(Liquidity Ratios)
Net Working Capital to Total Assets	7.33	%
Current Ratio	1.28
Quick Ratio (Acid Test)	0.30
Liquidity Ratio	0.09
Cash & Equiv/Current Assets	6.81	%
(Solvency Ratios)
Enterprise Value	5,067.91	m
CFO/Sales	0.06
CFO/Attributable Profit	2.98
CFO/Assets	0.06
CFO/Debt	0.19
Total Debt/Equity Market Value	0.73
Total Debt/Sales	0.29
Total Debt/Pre-Tax Profit	10.38
Total Debt	3,343.00	m
Total Debt/Net Current Assets	4.56	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-	%
5 yr Compound Earnings Growth	-	%
10 yr Compound Earnings Growth	-	%
Earn drops > 5% in 10yrs	10

Beta (60-Mnth)	Beta (36-Mnth)
-0.0861	0.1033

Kingfisher Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	4.37	%
Return On Assets (ROA)	2.14	%
Net Profit Margin	1.87	%
Assets Turnover	1.15
Return On Equity (ROE)	3.27	%
Return On Investment (ROI)	2.97	%
Dividend Payout Ratio	104.85	%
Plowback Ratio	-4.85	%
Growth from Plowback Ratio	-0.16	%
Net Income Of Revenues	-0.11	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	1.74
Fixed Assets Turnover	1.74
Current Assets Turnover	3.39
Net Working Capital Turnover
Inventory Turnover	4.43
(Other Operating Ratios)
Total Assets-to-Sales	0.87
Debtors-to-Sales	4.54	%
Debt Collection Period	16.57	Days

Kingfisher Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
20 Mar 2019	Final	GBX	7.47	31/01/2018	31/01/2019	06/06/2019	07/06/2019	15/07/2019	10.80
19 Sep 2018	Interim	GBX	3.33	31/01/2018	31/07/2018	04/10/2018	05/10/2018	09/11/2018	-
21 Mar 2018	Final	GBX	7.47	31/01/2017	31/01/2018	03/05/2018	04/05/2018	18/06/2018	10.80
20 Sep 2017	Interim	GBX	3.33	31/01/2017	31/07/2017	05/10/2017	06/10/2017	10/11/2017	-
22 Mar 2017	Final	GBX	7.15	31/01/2016	31/01/2017	04/05/2017	05/05/2017	19/06/2017	10.40
20 Sep 2016	Interim	GBX	3.25	31/01/2016	31/07/2016	06/10/2016	07/10/2016	11/11/2016	-
23 Mar 2016	Final	GBX	6.92	31/01/2015	31/01/2016	05/05/2016	06/05/2016	20/06/2016	10.10
15 Sep 2015	Interim	GBX	3.18	01/02/2015	01/08/2015	09/10/2015	10/10/2015	13/11/2015	-
01 Apr 2015	Final	GBX	6.85	31/01/2014	31/01/2015	14/05/2015	15/05/2015	15/06/2015	10.00
10 Sep 2014	Interim	GBX	3.15	02/02/2014	02/08/2014	08/10/2014	10/10/2014	14/11/2014	-
25 Mar 2014	Final	GBX	6.78	01/02/2013	01/02/2014	14/05/2014	16/05/2014	16/06/2014	9.90
11 Sep 2013	Interim	GBX	3.12	26/02/2013	26/08/2013	09/10/2013	11/10/2013	15/11/2013	-
26 Mar 2013	Final	GBX	6.37	02/02/2012	02/02/2013	08/05/2013	10/05/2013	17/06/2013	9.46
12 Sep 2012	Interim	GBX	3.09	28/01/2012	28/07/2012	10/10/2012	12/10/2012	16/11/2012	-
22 Mar 2012	Final	GBX	6.37	28/01/2011	28/01/2012	02/05/2012	04/05/2012	18/06/2012	8.84
15 Sep 2011	Interim	GBX	2.47	30/01/2011	30/07/2011	05/10/2011	07/10/2011	11/11/2011	-
24 Mar 2011	Final	GBX	5.14	29/01/2010	29/01/2011	04/05/2011	06/05/2011	20/06/2011	7.07
16 Sep 2010	Interim	GBX	1.93	31/01/2010	31/07/2010	06/10/2010	08/10/2010	12/11/2010	-
25 Mar 2010	Final	GBX	3.58	31/01/2009	31/01/2010	05/05/2010	07/05/2010	18/06/2010	5.50
17 Sep 2009	Interim	GBX	1.93	01/02/2009	01/08/2009	07/10/2009	09/10/2009	12/11/2009	-
26 Mar 2009	Final	GBX	3.40	31/01/2008	31/01/2009	06/05/2009	08/05/2009	19/06/2009	5.33
18 Sep 2008	Interim	GBX	1.93	02/02/2008	02/08/2008	08/10/2008	10/10/2008	14/11/2008	-
27 Mar 2008	Final	GBX	3.40	02/02/2007	02/02/2008	16/04/2008	18/04/2008	13/06/2008	7.25
20 Sep 2006	Interim	GBX	3.85	04/02/2007	04/08/2007	03/10/2007	05/10/2007	16/11/2007	-
27 Mar 2007	Final	GBX	6.80	31/12/2005	31/12/2006	04/04/2007	10/04/2007	08/06/2007	10.65
14 Sep 2006	Interim	GBX	3.85	29/01/2006	29/07/2006	20/09/2006	22/09/2006	10/11/2006	-
21 Mar 2006	Final	GBX	6.80	31/12/2004	31/12/2005	05/04/2006	07/04/2006	02/06/2006	10.65
15 Sep 2005	Interim	GBX	3.85	31/01/2005	31/07/2005	21/09/2005	23/09/2005	11/11/2005	-
17 Mar 2005	Final	GBX	6.80	29/01/2004	29/01/2005	30/03/2005	01/04/2005	03/06/2005	10.65
16 Sep 2004	Interim	GBX	3.85	31/01/2004	31/07/2004	22/09/2004	24/09/2004	12/11/2004	-
17 Mar 2004	Final	GBX	6.15	31/01/2003	31/01/2004	31/03/2004	02/04/2004	11/06/2004	9.65
17 Sep 2003	Interim	GBX	3.50	02/02/2003	02/08/2003	24/09/2003	26/09/2003	14/11/2003	-
13 Mar 2003	Final	GBX	6.05	01/02/2002	01/02/2003	02/06/2003	04/06/2003	13/06/2003	9.50
17 Sep 2002	Interim	GBX	3.45	01/02/2002	01/08/2002	02/10/2002	04/10/2002	22/11/2002	-
20 Mar 2002	Final	GBX	7.66	02/02/2001	02/02/2002	03/04/2002	05/04/2002	14/06/2002	12.00
12 Sep 2001	Interim	GBX	4.35	01/02/2001	01/08/2001	26/09/2001	28/09/2001	16/11/2001	-
14 Mar 2001	Final	GBX	11.25	03/02/2000	03/02/2001	04/04/2001	06/04/2001	15/06/2001	15.50
13 Sep 2000	Interim	GBX	4.25	29/01/2000	29/07/2000	25/09/2000	29/09/2000	17/11/2000	-
22 Mar 2000	Final	GBX	10.50	29/01/1999	29/01/2000	10/04/2000	14/04/2000	22/06/2000	14.50
14 Sep 1999	Interim	GBX	4.00	31/01/1999	31/07/1999	27/09/1999	01/10/1999	19/11/1999	-
17 Mar 1999	Final	GBX	9.25	30/01/1998	30/01/1999	06/04/1999	12/04/1999	01/07/1999	13.00
17 Sep 1998	Interim	GBX	3.75	01/02/1998	01/08/1998	28/09/1998	02/10/1998	20/11/1998	-

Kingfisher Fundamentals

	31 Jan 2016 (GBP)		31 Jan 2017 (GBP)		31 Jan 2018 (GBP)		31 Jan 2019 (GBP)
turnover	10,441.00	100.00%	11,225.00	100.00%	11,655.00	100.00%	11,685.00	100.00%	m
pre tax profit	512.00	4.90%	759.00	6.76%	682.00	5.85%	322.00	2.76%	m
attributable profit	398.00	3.81%	610.00	5.43%	485.00	4.16%	218.00	1.87%	m
retained profit	168.00	1.61%	380.00	3.39%	254.00	2.18%	-13.00	-0.11%	m
eps - basic (p)	17.80		27.10		22.10		10.30
eps - diluted (p)	17.80		27.00		22.00		10.20
dividends per share	10.10		10.40		10.80		10.80

Kingfisher Balance Sheet

	31 Jan 2016 (GBP)		31 Jan 2017 (GBP)		31 Jan 2018 (GBP)		31 Jan 2019 (GBP)


	31 Jan 2016 (GBP)		31 Jan 2017 (GBP)		31 Jan 2018 (GBP)		31 Jan 2019 (GBP)
ASSETS
fixed assets	3,212.00	33.13%	3,589.00	35.07%	3,736.00	36.11%	3,454.00	34.54%	m
intangibles	2,673.00	27.57%	2,707.00	26.45%	2,792.00	26.98%	2,807.00	28.07%	m
fixed investments	455.00	4.69%	376.00	3.67%	300.00	2.90%	374.00	3.74%	m
current assets - other	6.00	0.06%	-	-%	-	-%	89.00	0.89%	m
stocks	1,957.00	20.19%	2,173.00	21.24%	2,701.00	26.10%	2,574.00	25.74%	m
debtors	661.00	6.82%	593.00	5.79%	588.00	5.68%	473.00	4.73%	m
cash & securities	730.00	7.53%	795.00	7.77%	230.00	2.22%	229.00	2.29%	m

TOTAL	9,694.00	100%	10,233.00	100%	10,347.00	100%	10,000.00	100%	m

LIABILITIES
creditors - short	2,648.00	27.32%	2,739.00	26.77%	3,050.00	29.48%	2,632.00	26.32%	m
creditors - long	860.00	8.87%	723.00	7.07%	549.00	5.31%	711.00	7.11%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	3,508.00	36.19%	3,462.00	33.83%	3,599.00	34.78%	3,343.00	33.43%	m

EQUITY
ord cap, reserves	6,186.00	63.81%	6,771.00	66.17%	6,748.00	65.22%	6,657.00	66.57%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	6,186.00	63.81%	6,771.00	66.17%	6,748.00	65.22%	6,657.00	66.57%	m

OTHER
NAV Basic	-		-		-		-
NAV Diluted	-		-		-		-

Kingfisher Cash Flow Statement

	31 Jan 2016 (GBP)	31 Jan 2017 (GBP)	31 Jan 2018 (GBP)	31 Jan 2019 (GBP)
Operating CF	813.00	781.00	293.00	649.00	m
Pre-Financing CF	599.00	533.00	-70.00	371.00	m
Retained CF	127.00	38.00	-596.00	12.00	m

Kingfisher Brokers

Name	Activity	Type	Mnemonic	Code
Evolution Securities Limited	Market Maker(MME)	Broker/Dealer	EVO	EVBGGB21MMT
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC