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

Expert Corporate Governance Service (ECGS)

Kingfisher, 09 July 2019

Item 3: Approve the remuneration policyThe structure is unsatisfactory. Though it is weighted more towards rewarding long-term performance, there are serious concerns over the use of qualitative criteria. The annual bonus is entirely based on qualitative criteria of performance and the transitional LTI plan is also based on qualitative assessment of performance. Furthermore, with respect to the LTI, the maximum award size is excessive and part of the award is not dependent on performance conditions. Accelerated vesting in the event of a change of control is possible. We recommend shareholders ...

Jaime Katz

Morningstar | Garnier Set to Take the Reins at No-Moat Kingfisher; Shares Remain Undervalued

No-moat Kingfisher announced on June 26 that Thierry Garnier will succeed CEO Veronique Laury by the end of September 2019. We have a favorable opinion of Garnier, who has spent the past two decades in senior roles at Carrefour (a French multi-national retailer). His experience leading the Carrefour Asian business since 2012 and specializing in digital and e-commerce sales fits well with the current Kingfisher corporate strategy of shifting to smaller format stores and emphasizing digital channels. However, we maintain our Poor stewardship rating given the One Kingfisher plan has been abandone...

Jaime Katz

Garner Set to Take the Reins at No-Moat Kingfisher; Shares Remain Undervalued

No-moat Kingfisher announced on June 26 that Thierry Garner will succeed CEO Veronique Laury by the end of September 2019. We have a favorable opinion of Garner, who has spent the past two decades in senior roles at Carrefour (a French multi-national retailer). His experience leading the Carrefour Asian business since 2012 and specializing in digital and e-commerce sales fits well with the current Kingfisher corporate strategy of shifting to smaller format stores and emphasizing digital channels...

Moody's announces completion of a periodic review of ratings of Kingfisher plc

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Kingfisher plc. Global Credit Research- 24 Jun 2019. London, 24 June 2019-- Moody's Investors Service has completed a periodic review of the ratings of Kingfisher plc and other ratings that are associated with the same analytical unit.

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...

Moody's announces completion of a periodic review of ratings of Kingfisher plc

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Kingfisher plc. Global Credit Research- 24 Jun 2019. London, 24 June 2019-- Moody's Investors Service has completed a periodic review of the ratings of Kingfisher plc and other ratings that are associated with the same analytical unit.

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.

Jaime Katz

Morningstar | Garnier Set to Take the Reins at No-Moat Kingfisher; Shares Remain Undervalued

No-moat Kingfisher announced on June 26 that Thierry Garnier will succeed CEO Veronique Laury by the end of September 2019. We have a favorable opinion of Garnier, who has spent the past two decades in senior roles at Carrefour (a French multi-national retailer). His experience leading the Carrefour Asian business since 2012 and specializing in digital and e-commerce sales fits well with the current Kingfisher corporate strategy of shifting to smaller format stores and emphasizing digital channels. However, we maintain our Poor stewardship rating given the One Kingfisher plan has been abandone...

Jaime Katz

Garner Set to Take the Reins at No-Moat Kingfisher; Shares Remain Undervalued

No-moat Kingfisher announced on June 26 that Thierry Garner will succeed CEO Veronique Laury by the end of September 2019. We have a favorable opinion of Garner, who has spent the past two decades in senior roles at Carrefour (a French multi-national retailer). His experience leading the Carrefour Asian business since 2012 and specializing in digital and e-commerce sales fits well with the current Kingfisher corporate strategy of shifting to smaller format stores and emphasizing digital channels...

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...

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. with less fundamental stars is reduced to Neutral

KINGFISHER PLC. (GB), a company active in the Home Improvement Retailers industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date May 10, 2019, the closing price was GBp 243.00 and its expected value was estimated at ...

Ng Adrian

Kingfisher Plc

Ng Adrian

Kingfisher Plc

Ng Adrian

Kingfisher Plc

Ng Adrian

Kingfisher Plc

Expert Corporate Governance Service (ECGS)

Kingfisher, 09 July 2019

Item 3: Approve the remuneration policyThe structure is unsatisfactory. Though it is weighted more towards rewarding long-term performance, there are serious concerns over the use of qualitative criteria. The annual bonus is entirely based on qualitative criteria of performance and the transitional LTI plan is also based on qualitative assessment of performance. Furthermore, with respect to the LTI, the maximum award size is excessive and part of the award is not dependent on performance conditions. Accelerated vesting in the event of a change of control is possible. We recommend shareholders ...

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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