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Kingspan Group
(OTC:KGSPY)
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Rating:70Outperform
Price Target:
$103.00
▲(18.99% Upside)
Action:Reiterated
Date:08/07/26
The score is driven primarily by solid underlying financial performance and a strong, guidance-upgraded earnings call that points to improving margins and growth into FY26–FY27. Technicals are constructive with price above key moving averages, though near-term overbought signals add some risk. Valuation is the main constraint, with a higher P/E and low dividend yield limiting upside from multiple expansion.
Positive Factors
Upgraded earnings outlook
The upgraded outlook indicates broad operating momentum and gives greater visibility into near-term growth. Sustained revenue scale and expected profit expansion could support investment in capacity, innovation and market development.
Negative Factors
Top-line volatility
Exposure to construction activity makes revenue sensitive to regional housing and commercial cycles. Recent softness and uneven growth could delay volume recovery, reduce operating leverage and make sustained margin expansion less certain.
Read all positive and negative factors
Positive Factors
Negative Factors
Upgraded earnings outlook
The upgraded outlook indicates broad operating momentum and gives greater visibility into near-term growth. Sustained revenue scale and expected profit expansion could support investment in capacity, innovation and market development.
Read all positive factors
Kingspan Group (KGSPY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$21.34B
Dividend Yield0.53%
Average Volume (3M)936.00
Price to Earnings (P/E)26.9
Beta (1Y)0.88
Revenue Growth14.25%
EPS Growth9.40%
CountryUS
Employees29,081
SectorIndustrials
Sector Strength72
IndustryConstruction Materials
Share Statistics
EPS (TTM)3.81
Shares Outstanding180,369,890
10 Day Avg. Volume1,690
30 Day Avg. Volume936
Financial Highlights & Ratios
PEG Ratio-15.21
Price to Book (P/B)3.04
Price to Sales (P/S)1.48
P/FCF Ratio30.00
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Kingspan Group Business Overview & Revenue Model
Company Description
Kingspan Group plc delivers a comprehensive range of insulation and building envelope solutions across diverse global markets, including the Republic of Ireland, the United Kingdom, continental Europe, the Americas, and other international regions...
How the Company Makes Money
Kingspan makes money primarily by manufacturing and selling building products to distributors, contractors, fabricators, and end customers involved in new construction and renovation. Its core revenue streams are product sales from: (1) insulated ...
Kingspan Group Earnings Call Summary
Earnings Call Date:Aug 07, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Feb 12, 2027
Earnings Call Sentiment Positive
The call conveyed robust operational momentum: group revenue and EBITDA growth, a material upgrade to full‑year trading profit guidance, strong Advances performance and improving margins, supported by healthy cash generation and a solid balance sheet. Headwinds include H1 volatility (notably a weak Q1), currency effects, some ongoing input‑cost uncertainty, a paused share buyback and the decision not to pursue an Advances IPO now. Overall the positives (upgrade, strong Advances growth, solid margins, regional expansion and liquidity) materially outweigh the manageable risks.Positive Updates
Strong Revenue Growth
Group revenue just under EUR 4.9 billion, up 8% year‑on‑year (H1 2026 vs prior year). Underlying sales growth was ~6% (≈EUR 278 million) pre‑currency, with acquisitions contributing ~3% (≈EUR 125 million).
Negative Updates
Tough Q1 and Select Market Softness
Management acknowledged a difficult first quarter globally and sectorwide. The UK market was described as subdued in H1 with the residential segment particularly quiet, even though intake picked up into the period.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Revenue Growth
Group revenue just under EUR 4.9 billion, up 8% year‑on‑year (H1 2026 vs prior year). Underlying sales growth was ~6% (≈EUR 278 million) pre‑currency, with acquisitions contributing ~3% (≈EUR 125 million).
Read all positive updates
Company Guidance
Management upgraded full‑year trading profit guidance to €1.125bn (implying ~25% H2 trading profit growth and ~18% y/y if achieved) and expects group revenue to “solidly break through” €10bn for FY26, with a full‑year trading margin around 11% (H1 trading margin 10%, +20bps; H2 margin expected close to 12%). They reiterated momentum into 2027 with an organic trading profit target of ~€1.3bn, said Advances EBITDA for 2026 could be ~€400m (versus a prior c.€300m guide and a c.€600m medium‑term target), and stressed balance‑sheet headroom (net debt/EBITDA ~1.56x, undrawn €700m green RCF, total liquidity €1.3bn, M&A headroom c.€1bn while maintaining leverage <2x). Other numeric guidance: full‑year CapEx c.€360m (H1 CapEx ~€156m), H1 free cash flow €144m, H1 trading profit €487m (H1 revenue just under €4.9bn), interim dividend €0.271 (+3%), and expected full‑year EPS growth “close to mid‑teens.”Kingspan Group Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
70
Positive
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.60B | 9.20B | 8.61B | 8.09B | 8.34B | 6.50B |
| Gross Profit | 2.78B | 2.73B | 2.55B | 2.34B | 2.22B | 1.86B |
| EBITDA | 1.28B | 1.17B | 1.18B | 1.09B | 983.50M | 893.10M |
| Net Income | 686.91M | 644.71M | 665.50M | 640.30M | 598.00M | 554.10M |
Balance Sheet | ||||||
| Total Assets | 10.90B | 9.82B | 9.82B | 8.00B | 7.68B | 6.39B |
| Cash, Cash Equivalents and Short-Term Investments | 593.95M | 584.45M | 1.01B | 938.70M | 649.30M | 641.40M |
| Total Debt | 2.68B | 2.69B | 2.82B | 2.14B | 2.39B | 1.56B |
| Total Liabilities | 5.85B | 5.09B | 5.23B | 4.05B | 4.29B | 3.43B |
| Stockholders Equity | 4.76B | 4.48B | 4.29B | 3.85B | 3.32B | 2.89B |
Cash Flow | ||||||
| Free Cash Flow | 631.30M | 453.56M | 527.80M | 924.50M | 422.80M | 160.40M |
| Operating Cash Flow | 1.02B | 804.25M | 894.50M | 1.16B | 692.00M | 329.20M |
| Investing Cash Flow | -490.65M | -602.45M | -1.11B | -458.30M | -1.30B | -708.70M |
| Financing Cash Flow | -547.68M | -548.08M | 254.60M | -416.30M | 630.80M | -351.70M |
Kingspan Group Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $21.34B | 26.87 | 14.79% | 0.71% | 14.25% | 9.40% | |
68 Neutral | $10.33B | 23.50 | 23.40% | 0.52% | 10.37% | 4.62% | |
65 Neutral | $14.16B | 20.35 | 41.06% | 1.31% | 1.90% | -2.79% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | $14.44B | 16.84 | -406.43% | 1.59% | -0.56% | 15.03% | |
60 Neutral | $11.31B | -17.58 | -17.10% | 2.15% | -11.79% | -310.77% | |
54 Neutral | $7.29B | 73.61 | 2.46% | ― | -9.38% | -86.05% |
* Industrials Sector Average
KGSPY
Kingspan Group
118.65
41.84
54.47%
BLDR
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67.72
-69.64
-50.70%
CSL
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356.53
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-6.40%
MAS
Masco
73.25
1.20
1.67%
OC
Owens Corning
143.13
-3.31
-2.26%
WMS
Advanced Drainage Systems
136.99
-6.45
-4.50%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.