Kier (KIE)

[ADVERT]

Company name:	Kier Group Plc
EPIC:	KIE	Trading Currency:	GBX
Market Sector:	SSC5	ISIN:	GB0004915632
Market Segment:	SSMM	Share Type:	DE
WWW Address:	http://www.kier.co.uk/	Description:	ORD 1P
Industry Sector:	CONSTRUCTION & MATERIALS

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
124.00	-2.0 [-1.59]	124.00	124.20	127.00	127.00	123.60	3,227,253
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
553.25	446.17	0.69	-168.90	-	-	-	137.40 - 42.90

Kier Key Figures

(at previous day's close)
Market Cap.	553.25	m
Shares In Issue	446.17	m
Prev. Close	126.00
PE Ratio	-
Dividend Yield	-	%
EPS - basic	-168.90	p
Dividend PS	-	p
Dividend Cover	-
Cash Flow PS	-16.07	p
Return On Equity (ROE)	-113.56	%
Operating Margin	-6.58	%
PEG Factor	-
EPS Growth Rate	-6.56	%
Dividends PS Growth Rate	-	%
Net Debt	1,837.80	m
Gross Gearing	90.34	%
Quick Assets	1,003.40	m
Net Working Capital	-118.30	m
Intangibles / Fixed Assets	57.48	%
Turnover PS	767.09	p
Pre-Tax Profit PS	-50.50	p
Retained Profit PS	-61.26	p
Cash PS	92.77	p
Net Cash PS	-172.09	p
Net Tangible Asset Value PS *	-130.18	p
Net Asset Value PS	53.97	p
Spread	0.20 (0.16%)
* 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.

Kier Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	128.20	122.00
4 weeks	135.60	117.00
12 weeks	137.40	92.20
1 year	137.40	42.90

Share Price Chart (5 years)

Kier Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	124.00	-	-	122.00	1.93		125.15
4 weeks	128.40	-4.40	-3.43	117.00	1.97		126.10
12 weeks	92.20	31.80	34.49	92.20	2.46		120.97
26 weeks	77.00	47.00	61.04	71.15	1.68		110.02
1 year	66.00	58.00	87.88	42.90	1.32		93.09
3 years	956.50	-832.50	-87.04	42.90	1.51		170.49
5 years	1,049.00	-925.00	-88.18	42.90	1.04		298.47
† periods calculated are whole weeks rather than calendar months

Kier Key Management Ratios

Kier Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	-
PE Ratio	-
Tobin's Q Ratio	0.21
Tobin's Q Ratio (excl. intangibles)	0.31
Dividend Yield	-	%
Market-to-Book Ratio	2.30
Price-to-Pre-Tax Profit PS	-2.46
Price-to-Retained Profit PS	-2.02
Price-to-Cash Flow PS	-7.72
Price-to-Sales PS	0.16
Price-to-Net Tangible Asset Value PS	-0.95
Price-to-Cash PS	1.34
Net Working Capital PS	-26.51
Price Pct to Working Capital PS	-4.68	%
Earnings Yield	-	%
Average PE	60.75
Years in average	2
PE to PE average	-	%

Kier Financial Ratios

(Leverage Ratios)
Debt Ratio	81.63	%
Debt-to-Equity Ratio	4.44
Debt-to-Equity Ratio (excl. Intgbl)	-1.84
Debt-to-Equity Market Value	1.93
Net Gearing	73.73	%
Net Gearing (excl. Intangibles)	109.98	%
Gross Gearing	90.34	%
Gross Gearing (excl. Intangibles)	134.75	%
Gearing Under 1 Year	47.41	%
Gearing Under 1 Year (excl. Intgbl)	70.72	%
Assets/Equity	10.35
Cash/Equity	171.89
(Liquidity Ratios)
Net Working Capital to Total Assets	-4.75	%
Current Ratio	0.90
Quick Ratio (Acid Test)	0.85
Liquidity Ratio	0.35
Cash & Equiv/Current Assets	38.92	%
(Solvency Ratios)
Enterprise Value	1,209.45	m
CFO/Sales	-0.02
CFO/Attributable Profit	-
CFO/Assets	-0.03
CFO/Debt	-0.03
Total Debt/Equity Market Value	4.07
Total Debt/Sales	0.66
Total Debt/Pre-Tax Profit	-9.99
Total Debt	2,251.70	m
Total Debt/Net Current Assets	-19.03	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-	%
5 yr Compound Earnings Growth	-	%
10 yr Compound Earnings Growth	-	%
Earn drops > 5% in 10yrs	8

Beta (60-Mnth)	Beta (36-Mnth)
0.6916	0.2698

Kier Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	-17.19	%
Return On Assets (ROA)	-10.58	%
Net Profit Margin	-7.99	%
Assets Turnover	1.33
Return On Equity (ROE)	-113.56	%
Return On Investment (ROI)	-22.30	%
Dividend Payout Ratio	-	%
Plowback Ratio	100.00	%
Growth from Plowback Ratio	-	%
Net Income Of Revenues	-7.99	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	9.01
Fixed Assets Turnover	2.23
Current Assets Turnover	3.26
Net Working Capital Turnover
Inventory Turnover	24.63
(Other Operating Ratios)
Total Assets-to-Sales	0.75
Debtors-to-Sales	12.95	%
Debt Collection Period	47.25	Days

Kier Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
20 Mar 2019	Interim	GBX	4.90	30/06/2018	30/06/2019	28/03/2019	29/03/2019	17/05/2019	4.90
21 Sep 2018	Final	GBX	46.00	30/06/2017	30/06/2018	27/09/2018	28/09/2018	03/12/2018	69.00
15 Mar 2018	Interim	GBX	23.00	30/06/2017	30/06/2018	12/04/2018	13/04/2018	18/05/2018	-
21 Sep 2017	Final	GBX	45.00	30/06/2016	30/06/2017	28/09/2017	29/09/2017	01/12/2017	67.50
17 Mar 2017	Interim	GBX	22.50	30/06/2016	30/06/2017	30/03/2017	31/03/2017	19/05/2017	-
22 Sep 2016	Final	GBX	43.00	30/06/2015	30/06/2016	29/09/2016	30/09/2016	02/12/2016	64.50
17 Mar 2016	Interim	GBX	21.50	30/06/2015	30/06/2016	24/03/2016	29/03/2016	20/05/2016	-
17 Sep 2015	Final	GBX	36.00	30/06/2014	30/06/2015	24/09/2015	25/09/2015	27/11/2015	55.20
25 Feb 2015	Interim	GBX	19.20	30/06/2014	30/06/2015	05/03/2015	06/03/2015	15/05/2015	-
18 Sep 2014	Final	GBX	49.50	30/06/2013	30/06/2014	24/09/2014	26/09/2014	28/11/2014	72.00
27 Feb 2014	Interim	GBX	22.50	30/06/2013	30/06/2014	05/03/2014	07/03/2014	16/05/2014	-
12 Sep 2013	Final	GBX	46.50	30/06/2012	30/06/2013	18/09/2013	20/09/2013	27/11/2013	68.00
28 Feb 2013	Interim	GBX	21.50	30/06/2012	30/06/2013	06/03/2013	08/03/2013	17/05/2013	-
13 Sep 2012	Final	GBX	44.50	30/06/2011	30/06/2012	19/09/2012	21/09/2012	28/11/2012	66.00
23 Feb 2012	Interim	GBX	21.50	30/06/2011	30/06/2012	29/02/2012	02/03/2012	11/05/2012	-
15 Sep 2011	Final	GBX	44.00	30/06/2010	30/06/2011	21/09/2011	23/09/2011	30/11/2011	64.00
24 Feb 2011	Interim	GBX	20.00	30/06/2010	30/06/2011	02/03/2011	04/03/2011	06/05/2011	-
17 Sep 2010	Final	GBX	39.50	30/06/2009	30/06/2010	22/09/2010	24/09/2010	26/11/2010	58.00
24 Feb 2010	Interim	GBX	18.50	30/06/2009	30/06/2010	10/03/2010	12/03/2010	04/05/2010	-
17 Aug 2009	Final	GBX	37.00	30/06/2008	30/06/2009	23/09/2009	25/09/2009	27/11/2009	55.00
25 Feb 2009	Interim	GBX	18.00	01/07/2008	31/12/2008	11/03/2009	13/03/2009	01/05/2009	-
18 Sep 2008	Final	GBX	37.00	30/06/2007	30/06/2008	24/09/2008	26/09/2008	28/11/2008	55.00
13 Sep 2007	Final	GBX	40.40	31/12/2006	31/12/2007	26/09/2007	28/09/2007	04/12/2007	50.00
19 Mar 2007	Interim	GBX	9.60	01/07/2006	31/12/2006	28/03/2007	30/03/2007	18/05/2007	-
14 Sep 2006	Final	GBX	17.80	30/06/2005	30/06/2006	27/09/2006	29/09/2006	05/12/2006	26.00
15 Mar 2006	Interim	GBX	8.20	01/07/2005	31/12/2005	22/03/2006	24/03/2006	18/05/2006	-
15 Sep 2005	Final	GBX	15.20	30/06/2004	30/06/2005	28/11/2005	30/11/2005	06/12/2005	22.20
21 Mar 2005	Interim	GBX	7.00	01/07/2004	31/12/2004	30/03/2005	01/04/2005	19/05/2005	-
16 Sep 2004	Final	GBX	13.00	30/06/2003	30/06/2004	29/09/2004	01/10/2004	07/12/2004	19.00
22 Mar 2004	Interim	GBX	6.00	01/07/2003	31/12/2003	31/03/2004	02/04/2004	20/05/2004	-
17 Sep 2003	Final	GBX	11.20	30/06/2002	30/06/2003	01/10/2003	03/10/2003	09/12/2003	16.40
17 Mar 2003	Interim	GBX	5.20	01/07/2002	31/12/2002	26/03/2003	28/03/2003	15/05/2003	-
18 Sep 2002	Final	GBX	9.70	30/06/2001	30/06/2002	02/10/2002	04/10/2002	10/12/2002	14.20
12 Mar 2002	Interim	GBX	4.50	01/07/2001	31/12/2001	27/03/2002	02/04/2002	16/05/2002	-
13 Sep 2001	Final	GBX	8.40	30/06/2000	30/06/2001	03/10/2001	05/10/2001	11/12/2001	12.30
15 Mar 2001	Interim	GBX	3.90	01/07/2000	31/12/2000	28/03/2001	30/03/2001	16/05/2001	-
20 Sep 2000	Final	GBX	7.30	30/06/1999	30/06/2000	02/10/2000	06/10/2000	12/12/2000	10.70
16 Mar 2000	Interim	GBX	3.40	01/07/1999	31/12/1999	27/03/2000	31/03/2000	17/05/2000	-
22 Sep 1999	Final	GBX	6.30	30/06/1998	30/06/1999	04/10/1999	08/10/1999	14/12/1999	9.30
23 Sep 1998	Final	GBX	5.40	30/06/1997	30/06/1998	05/10/1998	09/10/1998	15/12/1998	8.00

Kier Fundamentals

	30 Jun 2017 (GBP)		30 Jun 2018 (GBP)		30 Jun 2019 (GBP)		30 Jun 2020 (GBP)
turnover	4,128.80	100.00%	4,239.60	100.00%	4,479.40	100.00%	3,422.50	100.00%	m
pre tax profit	25.80	0.62%	106.20	2.50%	-244.90	-5.47%	-225.30	-6.58%	m
attributable profit	10.70	0.26%	87.30	2.06%	-209.60	-4.68%	-273.33	-7.99%	m
retained profit	-38.70	-0.94%	21.20	0.50%	-262.20	-5.85%	-273.30	-7.99%	m
eps - basic (p)	11.10		89.80		-158.50		-168.90
eps - diluted (p)	11.00		88.80		-158.50		-168.90
dividends per share	67.50		69.00		4.90		-

Kier Balance Sheet

	30 Jun 2017 (GBP)		30 Jun 2018 (GBP)		30 Jun 2019 (GBP)		30 Jun 2020 (GBP)


	30 Jun 2017 (GBP)		30 Jun 2018 (GBP)		30 Jun 2019 (GBP)		30 Jun 2020 (GBP)
ASSETS
fixed assets	90.40	3.26%	91.60	3.26%	57.30	2.14%	42.30	1.70%	m
intangibles	802.80	28.96%	862.20	30.69%	766.70	28.68%	821.50	32.96%	m
fixed investments	203.30	7.33%	280.80	10.00%	812.00	30.37%	565.30	22.68%	m
current assets - other	-	-%	1.30	0.05%	14.60	0.55%	196.70	7.89%	m
stocks	593.90	21.42%	575.00	20.47%	217.90	8.15%	60.00	2.41%	m
debtors	581.80	20.99%	667.60	23.76%	493.30	18.45%	392.80	15.76%	m
cash & securities	499.80	18.03%	330.90	11.78%	311.70	11.66%	413.90	16.61%	m

TOTAL	2,772.00	100%	2,809.40	100%	2,673.50	100%	2,492.50	100%	m

LIABILITIES
creditors - short	1,511.80	54.54%	1,558.20	55.46%	1,533.10	57.34%	1,181.70	47.41%	m
creditors - long	748.80	27.01%	646.70	23.02%	619.30	23.16%	988.30	39.65%	m
creditors - other	-	-%	3.40	0.12%	1.50	0.06%	81.70	3.28%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	2,260.60	81.55%	2,208.30	78.60%	2,153.90	80.56%	2,251.70	90.34%	m

EQUITY
ord cap, reserves	508.40	18.34%	599.40	21.34%	519.10	19.42%	240.70	9.66%	m
prefs, minorities	3.00	0.11%	1.70	0.06%	0.50	0.02%	0.10	0.00%	m

TOTAL	511.40	18.45%	601.10	21.40%	519.60	19.44%	240.80	9.66%	m

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

Kier Cash Flow Statement

	30 Jun 2017 (GBP)	30 Jun 2018 (GBP)	30 Jun 2019 (GBP)	30 Jun 2020 (GBP)
Operating CF	149.90	130.30	-124.40	-71.70	m
Pre-Financing CF	100.50	24.00	-189.90	-78.90	m
Retained CF	314.00	-167.40	-20.10	97.80	m

Kier Brokers

Name	Activity	Type	Mnemonic	Code
Altium Capital Limited	Market Maker(MME)	Broker/Dealer	ALTI	APCFGB21
J.P. Morgan Cazenove Limited	Market Maker(MME)	Broker/Dealer	CAZR	CAZEGB2L
Commerzbank AG	Market Maker(MME)	Broker/Dealer	KLWT	DRESGB2LPST
Evolution Securities Limited	Market Maker(MME)	Broker/Dealer	EVO	EVBGGB21MMT
J.P. Morgan Securities Ltd	Market Maker(MME)	Broker/Dealer	JPMS	JPMSGB2L
Morgan Stanley Securities Ltd	Market Maker(MME)	Broker/Dealer	MOST	MSSEGB21
Panmure Gordon (UK) Limited	Market Maker(MME)	Broker/Dealer	PMUR	PMURGB2L
Numis Securities Limited	Market Maker(MME)	Broker/Dealer	NUMS	RAZHGB2LBIC
Merrill Lynch International	Market Maker(MME)	Broker/Dealer	MLSB	SNCSGB2LBIC
UBS AG	Market Maker(MME)	Broker/Dealer	UBS.	UBSWGB2LEQU
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC