Kingspan Group plc
🇮🇪 KRX.IR · Dublin · IE0004927939
Materials
EUR 72.60 price at analysis
Scores
Key Metrics
Powered by EODHDP/E (TTM)
19.6
P/E (Price-to-Earnings)Shows how much investors pay for each $1 of profit. We display the TTM P/E (Trailing Twelve Months) which uses actual earnings from the last 4 quarters. This is more reliable than Forward P/E which uses analyst estimates.
Calculation: 72.60 ÷ 3.71 = 19.6
TTM period through: 2025-12-31
Forward P/E (estimated): 17.7
Based on analyst estimates
Reference: Provider P/E (Trailing): 19.8
Yield (Fwd)
0.77%
Dividend YieldThe Forward yield (Fwd) shows the next announced annual dividend / current price — what you'd earn going forward. The Trailing yield (TTM) in the tooltip shows dividends actually paid in the last 12 months. Forward is shown as primary because it reflects the company's current commitment to shareholders.
Trailing Yield (TTM): 0.75%
Payout (Fwd)
15.1%
Payout RatioDividends as a percentage of earnings. The Forward payout (Fwd) uses the announced dividend divided by actual past earnings (TTM) — it tells you if the company can afford what it promised. Very high payouts can be risky, especially if profits fall.
Announced dividend / actual earnings (TTM)
Payout (TTM): 14.8%
Cash Flow Payout (TTM): 12.1%
FCF Coverage (TTM): 4.57x
ROE
15.3%
ROE (Return on Equity)A profitability measure: how much profit is generated from shareholders’ equity. Higher isn’t always better if it comes from high debt.
EV/EBITDA
12.5x
EV/EBITDAA valuation ratio that compares total business value (including debt) to EBITDA. Lower can mean cheaper, but context matters.
Summary
Kingspan Group is a high-quality global leader in building insulation and materials, boasting strong historical growth and an exceptionally clean balance sheet. However, the cyclical nature of the construction sector, combined with an elevated P/E of 19.6 and a minimal 0.75% dividend yield, creates a severe strategy mismatch. Not recommended for new positions, as the lack of meaningful income makes it unsuitable for conservative dividend-focused portfolios.
Sector Context
Kingspan Group plc manufactures high-performance insulation and building envelope solutions for the global construction market. While the company is a market leader, the building materials sector is inherently cyclical, exposing revenues to macroeconomic shifts, interest rates, and construction downturns, which contrasts with the recession-resistant stability preferred in dividend investing.
Temporary Opportunity Identified
Cyclical softening in European construction demand and near-term margin pressures due to broader macroeconomic headwinds and high interest rates.
📊 Strategy Analysis
- • Maintains an exceptionally clean balance sheet with a low Debt/Equity ratio of 0.46, providing strong financial resilience.
- • Dominant market position in high-performance insulation, benefiting from long-term sustainability trends and a surge in data center construction demand.
- • Proven track record of long-term growth, with revenue expanding by 196% over the past 10 years.
⚠ What to Watch
- • Severe strategy mismatch: The minimal 0.75% dividend yield falls massively below the 3% minimum requirement for income generation.
- • Valuation multiples remain elevated with a TTM P/E of 19.56, exceeding the 8-15x target range and offering limited margin of safety.
- • Operates in the highly cyclical materials and construction sector, lacking the predictable, recession-resistant cash flows of essential infrastructure.
📊 Historical Trends (10 Years)
Powered by EODHDThese charts show how key metrics have evolved over the past decade, helping you identify if the company is improving or deteriorating.
Debt Evolution (Net Debt / EBITDA)
Lower values are better. A declining trend indicates the company is reducing its debt (deleveraging).
Revenue & Earnings Growth
Consistent growth in revenueRevenue
The money a company brings in from selling its products or services. It’s the top line before costs. (blue) and earningsEarnings (Profit)
What’s left after expenses. Positive earnings mean the business made a profit; negative means a loss. (green) indicates a healthy business. Look for upward trends and recoveries after temporary dips.
Dividend Sustainability (FCF vs Dividends Paid)
Free cash flowFree Cash Flow
Cash left after the company pays for running the business and maintaining it. Often used to fund dividends, pay debt, or buy back shares. (FCFFCF (Free Cash Flow)
Short for Free Cash Flow: cash left after operating needs and maintenance spending., blue) should cover dividends paidDividends Paid
Cash the company paid out to shareholders. It’s not guaranteed and can change over time. (green). If dividends consistently exceed FCFFCF (Free Cash Flow)
Short for Free Cash Flow: cash left after operating needs and maintenance spending., the dividend may be at risk.
Analysis date: 2026-04-04
Disclaimer: This information is for educational purposes only. Not financial advice.