KAINOS GROUP PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,098 GBX | -1.08% |
|
+0.37% | -1.88% |
| 05-22 | Barclays cuts NextEnergy but lifts JLEN | AN |
| 05-21 | Berenberg Keeps Kainos Group at Buy, Lifts PT | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 685.8 | 801.9 | 1,830 | 1,640 | 1,722 | 1,382 | - | - |
| Enterprise Value (EV) 1 | 643.3 | 765.2 | 1,753 | 1,567 | 1,615 | 1,214 | 1,241 | 1,217 |
| P/E ratio | 39.7 x | 43.6 x | 46.5 x | 46.4 x | 41.8 x | 25 x | 24.9 x | 21 x |
| Yield | 1.68% | 0.53% | 1.44% | 1.68% | 1.73% | 2.25% | 2.57% | 2.84% |
| Capitalization / Revenue | 4.53 x | 4.49 x | 7.8 x | 5.42 x | 4.59 x | 3.17 x | 3.31 x | 2.99 x |
| EV / Revenue | 4.25 x | 4.28 x | 7.47 x | 5.18 x | 4.31 x | 3.17 x | 2.98 x | 2.64 x |
| EV / EBITDA | 26.4 x | 29.1 x | 30.3 x | 25.3 x | 23.2 x | 15.7 x | 14.1 x | 12.2 x |
| EV / FCF | 31.4 x | 47.7 x | 30 x | 42.1 x | 27.2 x | 21.2 x | 19.6 x | 17.2 x |
| FCF Yield | 3.19% | 2.1% | 3.34% | 2.37% | 3.68% | 4.72% | 5.11% | 5.8% |
| Price to Book | 13.6 x | 13.4 x | 20.8 x | 15.1 x | 13.2 x | 10.2 x | 8.19 x | 7.03 x |
| Nbr of stocks (in thousands) | 124,245 | 121,875 | 122,678 | 123,942 | 124,596 | 125,822 | - | - |
| Reference price 2 | 5.520 | 6.580 | 14.92 | 13.23 | 13.82 | 10.98 | 10.98 | 10.98 |
| Announcement Date | 28/05/19 | 26/05/20 | 24/05/21 | 23/05/22 | 22/05/23 | 20/05/24 | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 151.3 | 178.8 | 234.7 | 302.6 | 374.8 | 382.4 | 416.8 | 461.6 |
| EBITDA 1 | 24.36 | 26.25 | 57.94 | 61.98 | 69.58 | 77.22 | 87.98 | 99.7 |
| EBIT 1 | 21.01 | 22.84 | 50.34 | 46.02 | 66.17 | 73.18 | 81.12 | 93.35 |
| Operating Margin | 13.89% | 12.78% | 21.45% | 15.2% | 17.65% | 19.14% | 19.46% | 20.22% |
| Earnings before Tax (EBT) 1 | 21.12 | 23.15 | 50.34 | 45.99 | 54.34 | 64.77 | 73.72 | 84.65 |
| Net income 1 | 16.94 | 18.56 | 39.6 | 35.77 | 41.64 | 48.72 | 55.23 | 63.9 |
| Net margin | 11.2% | 10.38% | 16.87% | 11.82% | 11.11% | 12.74% | 13.25% | 13.84% |
| EPS 2 | 0.1390 | 0.1510 | 0.3210 | 0.2850 | 0.3310 | 0.3860 | 0.4413 | 0.5217 |
| Free Cash Flow 1 | 20.5 | 16.04 | 58.47 | 37.19 | 59.4 | 59.32 | 63.36 | 70.56 |
| FCF margin | 13.55% | 8.97% | 24.91% | 12.29% | 15.85% | 15.23% | 15.2% | 15.28% |
| FCF Conversion (EBITDA) | 84.18% | 61.12% | 100.92% | 60% | 85.37% | 76.01% | 72.01% | 70.77% |
| FCF Conversion (Net income) | 121.05% | 86.43% | 147.66% | 103.98% | 142.63% | 127.4% | 114.72% | 110.42% |
| Dividend per Share 2 | 0.0930 | 0.0350 | 0.2150 | 0.2220 | 0.2390 | 0.2473 | 0.2818 | 0.3118 |
| Announcement Date | 28/05/19 | 26/05/20 | 24/05/21 | 23/05/22 | 22/05/23 | 20/05/24 | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 86.89 | 91.89 | - | 160.4 | 179.8 | 195 | 193.2 |
| EBITDA | 13.34 | - | - | - | - | - | - |
| EBIT 1 | 11.85 | 11 | - | 21.14 | - | - | 29.17 |
| Operating Margin | 13.63% | 11.97% | - | 13.18% | - | - | 15.1% |
| Earnings before Tax (EBT) 1 | - | - | - | 21.15 | - | 26.82 | 30.86 |
| Net income 1 | 9.633 | - | 19.99 | 15.78 | - | 19.78 | 22.13 |
| Net margin | 11.09% | - | - | 9.84% | - | 10.14% | 11.45% |
| EPS 2 | - | - | 0.1600 | 0.1250 | - | 0.1570 | 0.1750 |
| Dividend per Share 2 | 0.0350 | - | - | 0.1510 | - | - | 0.0820 |
| Announcement Date | 11/11/19 | 26/05/20 | 15/11/21 | 23/05/22 | 14/11/22 | 22/05/23 | 13/11/23 |
1GBP in Million2GBP
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 42.5 | 36.7 | 77.3 | 73.2 | 107 | 124 | 141 | 165 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 20.5 | 16 | 58.5 | 37.2 | 59.4 | 59.3 | 63.4 | 70.6 |
| ROE (net income / shareholders' equity) | 40.4% | 34.6% | 54% | 44.3% | 35.1% | 36.8% | 36.1% | 34.9% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | 19% | 18.7% | 19.2% |
| Assets 1 | - | - | - | - | - | 244.9 | 295 | 333.5 |
| Book Value Per Share 2 | 0.4100 | 0.4900 | 0.7200 | 0.8800 | 1.040 | 1.080 | 1.340 | 1.560 |
| Cash Flow per Share 2 | 0.1900 | 0.2000 | 0.4900 | 0.3400 | 0.4900 | 0.4200 | 0.4800 | 0.5200 |
| Capex 1 | 2.02 | 8.19 | 1.47 | 5.82 | 2.5 | 5.52 | 6.64 | 11.6 |
| Capex / Sales | 1.33% | 4.58% | 0.63% | 1.92% | 0.67% | 1.42% | 1.59% | 2.51% |
| Announcement Date | 28/05/19 | 26/05/20 | 24/05/21 | 23/05/22 | 22/05/23 | 20/05/24 | - | - |
1GBP in Million2GBP
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
10.98
GBP
Average target price
13.89
GBP
Spread / Average Target
+26.50%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -1.88% | 1.74B | |
| -11.95% | 194B | |
| +0.46% | 165B | |
| +6.44% | 101B | |
| +49.08% | 92.63B | |
| +15.76% | 84.68B | |
| -0.66% | 75.94B | |
| -1.24% | 46.91B | |
| -35.78% | 42.79B | |
| +0.23% | 35.1B |
- Stock Market
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- KNOS Stock
- Financials Kainos Group plc
