Company Valuation: Kingspan Group plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 19,042 9,191 14,272 12,818 13,403 17,906 - -
Change - -51.73% 55.28% -10.19% 4.56% 33.6% - -
Enterprise Value (EV) 1 19,956 10,730 15,252 14,391 15,286 20,108 19,632 19,014
Change - -46.23% 42.14% -5.65% 6.22% 31.54% -2.37% -3.15%
P/E 34.7x 15.5x 22.4x 19.4x 20.2x 23.1x 18.5x 16x
PBR 6.64x 2.79x 3.64x 2.82x 3.02x 3.51x 3.01x 2.61x
PEG - 1.97x 3.23x 5.34x 14.35x 1.3x 0.7x 1x
Capitalization / Revenue 2.93x 1.1x 1.76x 1.49x 1.46x 1.75x 1.54x 1.41x
EV / Revenue 3.07x 1.29x 1.89x 1.67x 1.66x 1.96x 1.68x 1.49x
EV / EBITDA 22.3x 10.8x 14.3x 12.6x 12.5x 14.2x 11.5x 10x
EV / EBIT 27.5x 13.7x 18.3x 16.7x 16.9x 18.6x 14.6x 12.5x
EV / FCF 124x 25.4x 16.5x 28.3x 35.6x 32.5x 23.3x 18.5x
FCF Yield 0.8% 3.94% 6.06% 3.54% 2.81% 3.08% 4.29% 5.41%
Dividend per Share 2 0.459 0.494 0.529 0.518 0.525 0.6339 0.7754 0.8983
Rate of return 0.44% 0.98% 0.67% 0.74% 0.71% 0.64% 0.78% 0.9%
EPS 2 3.03 3.269 3.496 3.623 3.674 4.315 5.38 6.212
Distribution rate 15.1% 15.1% 15.1% 14.3% 14.3% 14.7% 14.4% 14.5%
Net sales 1 6,497 8,341 8,091 8,608 9,199 10,238 11,665 12,733
EBITDA 1 893 998 1,068 1,140 1,220 1,414 1,701 1,896
EBIT 1 725.3 784.3 835.2 862.1 903.5 1,082 1,343 1,519
Net income 1 554.1 598 640.3 665.5 671.2 788.3 987 1,141
Net Debt 1 914.1 1,539 979.5 1,573 1,884 2,202 1,726 1,108
Reference price 2 105.00 50.58 78.40 70.45 74.15 99.70 99.70 99.70
Nbr of stocks (in thousands) 181,352 181,720 182,046 181,940 180,750 179,601 - -
Announcement Date 2/18/22 A 2/17/23 A 2/16/24 A 2/21/25 A 2/20/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.26x1.45x13.94x1.63% 43.07B
22.67x2.85x13.97x1.93% 39.57B
11.64x0.92x5.96x3.41% 38.36B
28.1x5.63x19.09x2.46% 21.16B
23.66x2.01x14.52x0.62% 20.82B
15x2.07x10.35x1.9% 13.24B
17.25x2.88x11.85x1.43% 12.76B
-21.25x1.41x15.9x3.12% 12.13B
20.4x3.22x10.65x0.63% 9.55B
Average 15.30x 2.49x 12.92x 1.9% 23.41B
Weighted average by Cap. 17.37x 2.30x 12.68x 2.04%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  5. Valuation Kingspan Group plc