Kingfisher PLC

Kingfisher supplies home improvement products and services through a network of retail stores and other channels, located mainly in the U.K. and continental Europe. As of Jan 31 2017, Co. had nearly 1,200 stores in 10 countries across Europe.
  • TickerKGF
  • ISINGB0033195214
  • ExchangeLondon Stock Exchange
  • SectorGeneral Retailers
  • CountryUnited Kingdom

Analysts

Jaime Katz

Morningstar | Inconsistent Results Persist at No-Moat Kingfisher; Shares Undervalued

No-moat Kingfisher’s fiscal 2020 first-quarter sales update revealed disparate performance across regions, with strength in the U.K., but struggles in France. Overall sales for the first quarter grew 0.3%, ahead of our full - year forecast for a 5% decline (which includes locations set to be closed accounting for 6% of 2019 sales). While the sales update did not provide explicit detail on margins, we expect to hear further insights on new store formats at its innovation day but believe these might only provide modest gains ahead given the competitive landscape across the home improvement indu...

Jaime Katz

Inconsistent Results Persist at No-Moat Kingfisher; Shares Undervalued

No-moat Kingfisher’s fiscal 2020 first-quarter sales update revealed disparate performance across regions, with strength in the U.K., but struggles in France. Overall sales for the first quarter grew 0.3%, ahead of our full-year forecast for a 5% decline (which includes locations set to be closed accounting for 6% of 2019 sales). While the sales update did not provide explicit detail on margins, we expect to hear further insights on new store formats at its innovation day but believe these might...

Jaime Katz

Morningstar | Competitive Landscape Remains Fierce for Kingfisher, Challenging Operating Margin Expansion

Kingfisher has undertaken significant initiatives through its One Kingfisher plan to improve the operating profit profile of a previously siloed business model by unifying the organization. In focusing on a united product offering across regions and brands, an increased digital presence, and the elimination of redundancies in goods not for resale, the firm’s margin and cost profile should be on a modestly improving trajectory despite ongoing struggles in the French market; we model operating margins rising to 6.7% in 2023 from 3% in 2018 (hindered by one-time items). In our opinion, constraint...

Jaime Katz

Competitive Landscape Remains Fierce for Kingfisher, Challenging Operating Margin Expansion

While no-moat Kingfisher achieved the interim goals of its One Kingfisher plan in 2018, headwinds (wage and cost inflation and weak economic environment in the U.K.) prevented the firm from benefiting from the fruits of its labors. For 2018-19, the firm planned on unifying 40% of its cost of goods sold, which it successfully executed on, exiting the year 50% complete (and now aspires for 70% by the end of 2019-20). It also anticipated it would complete its unified IT rollout and launch e-commerc...

1 director bought

A director at Kingfisher bought 14,914 shares at 266p and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board member...

Kingfisher plc: Update following rating affirmation

Our credit view of Kingfisher, reflecting the expected deterioration in the company's profitability, mitigated by its strong balance sheet.

Moody's affirms Kingfisher plc (P)Baa2 rating; stable outlook

Rating Action: Moody's affirms Kingfisher plc Baa2 rating; stable outlook. Global Credit Research- 20 Dec 2018. Paris, December 20, 2018-- Moody's Investors Service today affirmed Kingfisher plc's Baa2 long term senior unsecured EMTN Programme rating.

Kingfisher plc: Update following FY2017 results

A detailed rationale for Kingfisher's (P)Baa2 stable rating, highlighting the expected deterioration in profitability mitigated by strong financial flexibility.

Kingfisher plc: French sales continue to decline in Q3, a credit negative, although broadly offset by sales growth in UK and Poland

CORPORATES ISSUER COMMENT 22 November 2017 Contacts Francesco Bozzano +33.1.5330.1037 Analyst [email protected] Yasmina Serghini +33.1.5330.1064 Associate Managing Director [email protected] CLIENT SERVICES Americas 1-212-553-1653 Asia Pacific 852-3551-3077 Japan 81-3-5408-4100 EMEA 44-20-7772-5454 Kingfisher plc French sales continue to decline in Q3, a credit negative,

Kingfisher plc: Kingfisher ONE is on track, a credit positive, but execution risk remains high

CORPORATES ISSUER COMMENT 21 September 2017 Contacts Francesco Bozzano 33 (153) 301-037 Analyst [email protected] Yasmina Serghini 33-1-5330-1064 Associate Managing Director [email protected] CLIENT SERVICES Americas 1-212-553-1653 Asia Pacific 852-3551-3077 Japan 81-3-5408-4100 EMEA 44-20-7772-5454 Kingfisher plc Kingfisher ONE is on track, a credit positive, but execution ri

Jaime Katz

Morningstar | Inconsistent Results Persist at No-Moat Kingfisher; Shares Undervalued

No-moat Kingfisher’s fiscal 2020 first-quarter sales update revealed disparate performance across regions, with strength in the U.K., but struggles in France. Overall sales for the first quarter grew 0.3%, ahead of our full - year forecast for a 5% decline (which includes locations set to be closed accounting for 6% of 2019 sales). While the sales update did not provide explicit detail on margins, we expect to hear further insights on new store formats at its innovation day but believe these might only provide modest gains ahead given the competitive landscape across the home improvement indu...

Jaime Katz

Inconsistent Results Persist at No-Moat Kingfisher; Shares Undervalued

No-moat Kingfisher’s fiscal 2020 first-quarter sales update revealed disparate performance across regions, with strength in the U.K., but struggles in France. Overall sales for the first quarter grew 0.3%, ahead of our full-year forecast for a 5% decline (which includes locations set to be closed accounting for 6% of 2019 sales). While the sales update did not provide explicit detail on margins, we expect to hear further insights on new store formats at its innovation day but believe these might...

Jaime Katz

Morningstar | Competitive Landscape Remains Fierce for Kingfisher, Challenging Operating Margin Expansion

Kingfisher has undertaken significant initiatives through its One Kingfisher plan to improve the operating profit profile of a previously siloed business model by unifying the organization. In focusing on a united product offering across regions and brands, an increased digital presence, and the elimination of redundancies in goods not for resale, the firm’s margin and cost profile should be on a modestly improving trajectory despite ongoing struggles in the French market; we model operating margins rising to 6.7% in 2023 from 3% in 2018 (hindered by one-time items). In our opinion, constraint...

Jaime Katz

Competitive Landscape Remains Fierce for Kingfisher, Challenging Operating Margin Expansion

While no-moat Kingfisher achieved the interim goals of its One Kingfisher plan in 2018, headwinds (wage and cost inflation and weak economic environment in the U.K.) prevented the firm from benefiting from the fruits of its labors. For 2018-19, the firm planned on unifying 40% of its cost of goods sold, which it successfully executed on, exiting the year 50% complete (and now aspires for 70% by the end of 2019-20). It also anticipated it would complete its unified IT rollout and launch e-commerc...

Jaime Katz

Morningstar | External Headwinds Stall Kingfisher’s Profit Opportunities; Shuffling of Management Positions Ensues

While no-moat Kingfisher achieved the interim goals of its One Kingfisher plan in 2018, headwinds (wage and cost inflation and weak economic environment in the U.K.) prevented the firm from benefiting from the fruits of its labors. For 2018-19, the firm planned on unifying 40% of its cost of goods sold, which it successfully executed on, exiting the year 50% complete (and now aspires for 70% by the end of 2019-20). It also anticipated it would complete its unified IT rollout and launch e-commerce capabilities in France and Poland, which it has successfully achieved in France. Furthermore, King...

1 director bought

A director at Kingfisher bought 14,914 shares at 266p and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board member...

Ng Adrian

Kingfisher Plc

Ng Adrian

Kingfisher Plc

Ng Adrian

Kingfisher Plc

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Ng Adrian

Kingfisher Plc

Ng Adrian

Kingfisher Plc

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Valérie GASTALDY

Analyse court terme - KINGFISHER PLC : La reprise est une consolidation.

La tendance est baissière. La reprise est une consolidation. La baisse risque de reprendre jusqu'à 238,32 p. La tendance de fond serait remise en cause en cas de franchissement de 280,40 p.

Valérie GASTALDY

Analyse court terme - KINGFISHER PLC : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 238,32 p. La tendance de fond serait remise en cause en cas de franchissement de 280,40 p.

Valérie GASTALDY

Short term view - KINGFISHER PLC : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at 238.32 p. The background trend would be questioned should prices rise above 280.40 p.

Valérie GASTALDY

Medium term view - KINGFISHER PLC : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at 220.94 p, then 187.86 p. Passing 315.76 p would question the continuation of the fall.

Valérie GASTALDY

Analyse court terme - KINGFISHER PLC : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 245,40 p. La tendance de fond serait remise en cause en cas de franchissement de 283,30 p.

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