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

2 directors bought/maiden bought

Two Directors at Kingfisher bought/maiden bought 80,718 shares at between 226p and 227p. The significance rating of the trade was 62/100. 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 rul...

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...

Jaime Katz

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-commerc...

Jaime Katz

Morningstar | Lowering Kingfisher Moat Rating to None as Efforts to Unify Business Fail to Spark ROIC Increase

We are lowering our economic moat rating for Kingfisher to none from narrow after reassessing the firm’s brand intangible assets and scale, now that the firm is halfway through its five-year One Kingfisher restructuring plan. Our contention is supported by returns on invested capital (including goodwill) that have remained depressed, dropping to 7.1% in 2018 (below our 9% weighted average cost of capital) and averaging 7.3% over the past five years. This in turn has led us to downgrade our stewardship rating to Poor from Standard, as ROICs imply that economic profits are being destroyed rather...

Jaime Katz

Morningstar | Kingfisher Moat Rating Falls to None as Competition Remains Fierce

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 6.5% in 2023 from 5.9% in 2018. In our opinion, constraints surrounding profit growth...

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: Key Facts and Statistics - FY January 2018

A summary company profile, detailing Kingfisher plc’s business operations and financial highlights.

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,

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...

Jaime Katz

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-commerc...

Jaime Katz

Morningstar | Lowering Kingfisher Moat Rating to None as Efforts to Unify Business Fail to Spark ROIC Increase

We are lowering our economic moat rating for Kingfisher to none from narrow after reassessing the firm’s brand intangible assets and scale, now that the firm is halfway through its five-year One Kingfisher restructuring plan. Our contention is supported by returns on invested capital (including goodwill) that have remained depressed, dropping to 7.1% in 2018 (below our 9% weighted average cost of capital) and averaging 7.3% over the past five years. This in turn has led us to downgrade our stewardship rating to Poor from Standard, as ROICs imply that economic profits are being destroyed rather...

Jaime Katz

Morningstar | Kingfisher Moat Rating Falls to None as Competition Remains Fierce

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 6.5% in 2023 from 5.9% in 2018. In our opinion, constraints surrounding profit growth...

Jaime Katz

Lowering Kingfisher Moat Rating to None as Efforts to Unify Business Fail to Spark ROIC Increase

We are lowering our economic moat rating for Kingfisher to none from narrow after reassessing the firm’s brand intangible assets and scale, now that the firm is halfway through its five-year One Kingfisher restructuring plan. Our contention is supported by returns on invested capital (including goodwill) that have remained depressed, dropping to 7.1% in 2018 (below our 9% weighted average cost of capital) and averaging 7.3% over the past five years. This in turn has led us to downgrade our stewa...

2 directors bought/maiden bought

Two Directors at Kingfisher bought/maiden bought 80,718 shares at between 226p and 227p. The significance rating of the trade was 62/100. 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 rul...

KINGFISHER PLC. sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of KINGFISHER PLC. (GB), a company active in the Home Improvement Retailers industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date February 5, 2019, the closing price was GBp 231.30 and its potential was estimated at GBp 257.21.

Ng Adrian

Kingfisher Plc

Ng Adrian

Kingfisher Plc

Ng Adrian

Kingfisher Plc

Ng Adrian

Kingfisher Plc

Kingfisher – Proxinvest Corporate Governance Rating ® : A

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Valérie GASTALDY

Short term view - KINGFISHER PLC : The recovery is a consolidation.

The trend is bearish. The recovery is a consolidation. The fall might resume toward 238.32 p. The background trend would be questioned should prices rise above 280.40 p.

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.

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