Kingspan (KGP)

Company name:	Kingspan Group Plc
EPIC:	KGP	Trading Currency:	EUR
Market Sector:	ON5	ISIN:	IE0004927939
Market Segment:	SET3	Share Type:	DE
WWW Address:	http://www.kingspan.com/	Description:	ORD EUR0.13 (CDI)
Industry Sector:	CONSTRUCTION & MATERIALS

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
65.18	2.38 [3.79]	64.60	65.26	64.32	65.24	63.66	182,986
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
11,811.10	181.21	0.01	305.60	45.90	21.33	0.70	96.50 - 43.72

Kingspan Key Figures

(at previous day's close)
Market Cap.	11,811.10	m
Shares In Issue	181.21	m
Prev. Close	62.80
PE Ratio	21.33
Dividend Yield	0.70	%
EPS - basic	305.60	¢(€)
Dividend PS	45.90	¢(€)
Dividend Cover	-
Cash Flow PS	181.67	¢(€)
Return On Equity (ROE)	19.16	%
Operating Margin	10.60	%
PEG Factor	0.44
EPS Growth Rate	48.21	%
Dividends PS Growth Rate	122.82	%
Net Debt	2,787.20	m
Gross Gearing	53.67	%
Quick Assets	1,904.50	m
Net Working Capital	1,374.00	m
Intangibles / Fixed Assets	59.85	%
Turnover PS	3,585.39	¢(€)
Pre-Tax Profit PS	380.23	¢(€)
Retained Profit PS	265.22	¢(€)
Cash PS	353.96	¢(€)
Net Cash PS	-567.31	¢(€)
Net Tangible Asset Value PS *	491.32	¢(€)
Net Asset Value PS	1,633.10	¢(€)
Spread	0.66 (1.01%)
* 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.

Kingspan Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	65.24	58.38
4 weeks	65.24	52.84
12 weeks	65.24	49.46
1 year	96.50	43.72

Share Price Chart (5 years)

Kingspan Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	58.54	6.64	11.34	58.38	0.11		60.30
4 weeks	52.84	12.34	23.35	52.84	0.07		58.68
12 weeks	59.72	5.46	9.14	49.46	0.10		56.40
26 weeks	63.48	1.70	2.68	43.72	0.09		55.12
1 year	85.84	-20.66	-24.07	43.72	0.09		66.08
3 years	57.05	8.13	14.25	37.44	0.09		69.59
5 years	36.36	28.82	79.26	32.00	0.08		60.45
† periods calculated are whole weeks rather than calendar months

Kingspan Key Management Ratios

Kingspan Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	51.03
PE Ratio	21.33
Tobin's Q Ratio	2.01
Tobin's Q Ratio (excl. intangibles)	2.93
Dividend Yield	0.70	%
Market-to-Book Ratio	4.08
Price-to-Pre-Tax Profit PS	17.14
Price-to-Retained Profit PS	24.58
Price-to-Cash Flow PS	35.88
Price-to-Sales PS	1.82
Price-to-Net Tangible Asset Value PS	12.34
Price-to-Cash PS	18.41
Net Working Capital PS	758.25
Price Pct to Working Capital PS	8.60	%
Earnings Yield	4.69	%
Average PE	0.26
Years in average	5
PE to PE average	8,062.32	%

Kingspan Financial Ratios

(Leverage Ratios)
Debt Ratio	37.28	%
Debt-to-Equity Ratio	0.59
Debt-to-Equity Ratio (excl. Intgbl)	1.84
Debt-to-Equity Market Value	0.15
Net Gearing	43.63	%
Net Gearing (excl. Intangibles)	63.55	%
Gross Gearing	53.67	%
Gross Gearing (excl. Intangibles)	78.17	%
Gearing Under 1 Year	26.13	%
Gearing Under 1 Year (excl. Intgbl)	38.06	%
Assets/Equity	2.16
Cash/Equity	21.67
(Liquidity Ratios)
Net Working Capital to Total Assets	21.51	%
Current Ratio	1.82
Quick Ratio (Acid Test)	1.14
Liquidity Ratio	0.38
Cash & Equiv/Current Assets	21.08	%
(Solvency Ratios)
Enterprise Value	12,996.10	m
CFO/Sales	0.05
CFO/Attributable Profit	0.59
CFO/Assets	0.05
CFO/Debt	0.10
Total Debt/Equity Market Value	0.29
Total Debt/Sales	0.53
Total Debt/Pre-Tax Profit	4.98
Total Debt	3,428.60	m
Total Debt/Net Current Assets	2.50	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	14.31	%
5 yr Compound Earnings Growth	13.96	%
10 yr Compound Earnings Growth	21.44	%
Earn drops > 5% in 10yrs	2

Beta (60-Mnth)	Beta (36-Mnth)
0.0084	0.0243

Kingspan Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	14.60	%
Return On Assets (ROA)	9.45	%
Net Profit Margin	8.53	%
Assets Turnover	1.11
Return On Equity (ROE)	19.16	%
Return On Investment (ROI)	12.51	%
Dividend Payout Ratio	15.02	%
Plowback Ratio	84.98	%
Growth from Plowback Ratio	17.97	%
Net Income Of Revenues	7.40	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	2.48
Fixed Assets Turnover	2.16
Current Assets Turnover	2.28
Net Working Capital Turnover
Inventory Turnover	7.90
(Other Operating Ratios)
Total Assets-to-Sales	0.90
Debtors-to-Sales	16.05	%
Debt Collection Period	58.59	Days

Kingspan Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
18 Aug 2022	Interim	EUX	25.60	31/12/2021	31/12/2022	08/09/2022	09/09/2022	07/10/2022	-
18 Feb 2022	Final	EUX	26.00	31/12/2020	31/12/2021	24/03/2022	25/03/2022	06/05/2022	45.90
19 Aug 2021	Interim	EUX	19.90	31/12/2020	31/12/2021	09/09/2021	10/09/2021	08/10/2021	-
19 Feb 2021	Final	EUX	20.60	31/12/2019	31/12/2020	25/03/2021	26/03/2021	07/05/2021	20.60
21 Feb 2020	Final	EUX	33.50	31/12/2018	31/12/2019	26/03/2020	27/03/2020	07/05/2020	46.50
23 Aug 2019	Interim	EUX	13.00	31/12/2018	31/12/2019	05/09/2019	06/09/2019	04/10/2019	-
22 Feb 2019	Final	EUX	30.00	31/12/2017	31/12/2018	28/03/2019	29/03/2019	10/05/2019	42.00
24 Aug 2018	Interim	EUX	12.00	31/12/2017	31/12/2018	06/09/2018	07/09/2018	05/10/2018	-
23 Feb 2018	Final	EUX	26.00	31/12/2016	31/12/2017	22/03/2018	23/03/2018	27/04/2018	37.00
18 Aug 2017	Interim	EUX	11.00	31/12/2016	31/12/2017	31/08/2017	01/09/2017	06/10/2017	-
19 Feb 2017	Final	EUX	23.50	31/12/2015	31/12/2016	30/03/2017	31/03/2017	05/05/2017	33.50
22 Aug 2016	Interim	EUX	10.00	31/12/2015	31/12/2016	01/09/2016	02/09/2016	23/09/2016	-
22 Feb 2016	Final	EUX	17.00	31/12/2014	31/12/2015	21/04/2016	22/04/2016	13/05/2016	25.00
24 Aug 2015	Interim	EUX	8.00	31/12/2014	31/12/2015	03/09/2015	04/09/2015	25/09/2015	-
23 Feb 2015	Final	EUX	10.00	31/12/2013	31/12/2014	23/04/2015	24/04/2015	15/05/2015	16.25
26 Aug 2014	Interim	EUX	6.25	31/12/2013	31/12/2014	03/09/2014	05/09/2014	26/09/2014	-
24 Feb 2014	Final	EUX	8.50	31/12/2012	31/12/2013	23/04/2014	25/04/2014	15/05/2014	14.00
19 Aug 2013	Interim	EUX	5.50	31/12/2012	31/12/2013	28/08/2013	30/08/2013	20/09/2013	-
25 Feb 2013	Final	EUX	7.25	31/12/2011	31/12/2012	24/04/2013	26/04/2013	16/05/2013	12.25
20 Aug 2012	Interim	EUX	5.00	31/12/2011	31/12/2012	29/08/2012	31/08/2012	21/09/2012	-
27 Feb 2012	Final	EUX	6.50	31/12/2010	31/12/2011	25/04/2012	27/04/2012	17/05/2012	11.00
22 Aug 2011	Interim	EUX	4.50	31/12/2010	31/12/2011	31/08/2011	02/09/2011	23/09/2011	-
28 Feb 2011	Final	EUX	6.00	31/12/2009	31/12/2010	16/03/2011	18/03/2011	16/05/2011	10.00
23 Aug 2010	Interim	EUX	4.00	31/12/2009	31/12/2010	01/09/2010	03/09/2010	24/09/2010	-
02 Mar 2009	Final	EUX	-	31/12/2007	31/12/2008	-	-	-	8.00
27 Aug 2008	Interim	EUX	8.00	30/12/2007	30/06/2008	10/09/2008	12/09/2008	10/10/2008	8.00
08 Mar 2008	Final	EUX	17.00	31/12/2006	31/12/2007	12/03/2008	14/03/2008	30/05/2008	25.00
02 Mar 2007	Final	EUX	13.00	31/12/2005	31/12/2006	21/03/2007	23/03/2007	08/06/2007	19.00
05 Sep 2006	Interim	EUX	6.00	30/12/2005	30/06/2006	13/09/2006	15/09/2006	06/10/2006	-
06 Mar 2006	Final	EUX	8.95	31/12/2004	31/12/2005	22/03/2006	24/03/2006	09/06/2006	13.40
05 Sep 2005	Interim	EUX	4.45	30/12/2004	30/06/2005	14/09/2005	16/09/2005	07/10/2005	-
08 Mar 2005	Final	EUX	6.20	31/12/2003	31/12/2004	16/03/2005	18/03/2005	10/06/2005	9.60
07 Sep 2004	Interim	EUX	3.40	30/12/2003	30/06/2004	15/09/2004	17/09/2004	15/10/2004	-
09 Mar 2004	Final	EUX	4.60	31/12/2002	31/12/2003	17/03/2004	19/03/2004	11/06/2004	7.20
09 Sep 2003	Interim	EUX	2.60	30/12/2002	30/06/2003	17/09/2003	19/09/2003	10/10/2003	-
11 Mar 2003	Final	EUX	3.80	31/12/2001	31/12/2002	19/03/2003	21/03/2003	-	5.90
09 Sep 2002	Interim	EUX	2.10	30/12/2001	30/06/2002	18/09/2002	20/09/2002	11/10/2002	-
20 Mar 2002	Final	EUX	2.95	31/12/2000	31/12/2001	27/03/2002	02/04/2002	28/05/2002	4.70
05 Sep 2001	Interim	EUX	1.75	30/12/2000	30/06/2001	12/09/2001	14/09/2001	12/10/2001	-
20 Mar 2001	Final	EUX	2.27	31/12/1999	31/12/2000	28/03/2001	30/03/2001	28/05/2001	3.62
07 Sep 2000	Interim	EUX	1.35	30/12/1999	30/06/2000	18/09/2000	22/09/2000	23/10/2000	-
23 Mar 2000	Final	EUX	1.57	31/12/1998	31/12/1999	22/05/2000	26/05/2000	26/06/2000	2.50
02 Sep 1999	Interim	EUX	0.93	30/12/1998	30/06/1999	18/10/1999	22/10/1999	01/11/1999	-
03 Feb 1999	Final	EUX	0.85	31/12/1997	31/12/1998	15/02/1999	19/02/1999	24/03/1999	1.35
27 Aug 1998	Interim	EUX	0.50	30/12/1997	30/06/1998	07/09/1998	11/09/1998	19/10/1998	-
25 Mar 1998	Final	EUX	0.70	31/12/1996	31/12/1997	27/04/1998	01/05/1998	22/06/1998	1.12

Kingspan Fundamentals

	31 Dec 2018 (EUR)		31 Dec 2019 (EUR)		31 Dec 2020 (EUR)		31 Dec 2021 (EUR)
turnover	4,372.50	100.00%	4,659.10	100.00%	4,576.00	100.00%	6,497.00	100.00%	m
pre tax profit	404.90	9.26%	454.40	9.75%	459.70	10.05%	689.00	10.60%	m
attributable profit	330.90	7.57%	369.40	7.93%	373.60	8.16%	554.10	8.53%	m
retained profit	262.60	6.01%	291.80	6.26%	373.60	8.16%	480.60	7.40%	m
eps - basic	184.00		204.60		206.20		305.60
eps - diluted	182.30		202.90		204.40		303.00
dividends per share	42.00		46.50		20.60		45.90

Kingspan Balance Sheet

	31 Dec 2018 (EUR)		31 Dec 2019 (EUR)		31 Dec 2020 (EUR)		31 Dec 2021 (EUR)


	31 Dec 2018 (EUR)		31 Dec 2019 (EUR)		31 Dec 2020 (EUR)		31 Dec 2021 (EUR)
ASSETS
fixed assets	850.50	21.11%	965.20	22.51%	972.90	18.21%	1,311.30	20.53%	m
intangibles	1,502.10	37.28%	1,600.10	37.31%	1,674.50	31.35%	2,001.80	31.34%	m
fixed investments	35.00	0.87%	166.30	3.88%	36.00	0.67%	31.40	0.49%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	524.90	13.03%	557.60	13.00%	505.90	9.47%	1,138.90	17.83%	m
debtors	822.40	20.41%	808.30	18.85%	822.60	15.40%	1,263.10	19.77%	m
cash & securities	294.50	7.31%	190.90	4.45%	1,329.70	24.89%	641.40	10.04%	m

TOTAL	4,029.40	100%	4,288.40	100%	5,341.60	100%	6,387.90	100%	m

LIABILITIES
creditors - short	1,018.80	25.28%	928.60	21.65%	1,203.20	22.53%	1,669.40	26.13%	m
creditors - long	1,221.70	30.32%	1,239.40	28.90%	1,740.80	32.59%	1,759.20	27.54%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	2,240.50	55.60%	2,168.00	50.55%	2,944.00	55.11%	3,428.60	53.67%	m

EQUITY
ord cap, reserves	1,750.30	43.44%	2,070.30	48.28%	2,348.90	43.97%	2,892.10	45.27%	m
prefs, minorities	38.60	0.96%	50.10	1.17%	48.70	0.91%	67.20	1.05%	m

TOTAL	1,788.90	44.40%	2,120.40	49.45%	2,397.60	44.89%	2,959.30	46.33%	m

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

Kingspan Cash Flow Statement

	31 Dec 2018 (EUR)	31 Dec 2019 (EUR)	31 Dec 2020 (EUR)	31 Dec 2021 (EUR)
Operating CF	438.30	520.40	638.50	329.20	m
Pre-Financing CF	-163.90	167.00	467.30	-379.50	m
Retained CF	120.10	-117.10	1,180.20	-731.20	m

Kingspan Brokers

Name	Activity	Type	Mnemonic	Code
CREDIT SUISSE SEC (EUROPE) LTD	Market Maker(MME)	Broker/Dealer	CSFB	CSFBGB2L
J & E Davy	Market Maker(MME)	Broker/Dealer	DAVY	DAVEIE21
Deutsche Bank AG London Branch	Market Maker(MME)	Broker/Dealer	DEUT	DEUTGB2L
Goodbody Stockbrokers	Market Maker(MME)	Broker/Dealer	GOOD	GDBSIE2D002
Goldman Sachs International	Market Maker(MME)	Broker/Dealer	GSCO	GSILGB2X
Investec Bank Plc	Market Maker(MME)	Broker/Dealer	INV.	IHCSGB21002
Morgan Stanley Securities Ltd	Market Maker(MME)	Broker/Dealer	MOST	MSSEGB21
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