Want to see GB:KIE full AI Analyst Report?
Top Page
Kier Group plc
(LSE:KIE)
Select Model
Select Model
Rating:65Neutral
Price Target:
309.00 p
▲(18.85% Upside)
Action:Reiterated
Date:09/17/26
The score is held back mainly by balance-sheet risk (materially higher leverage and limited deleveraging capacity from cash flow), partially offset by improving operating results and a constructive earnings outlook with strong order-book visibility. Technicals are supportive but look overbought, and valuation appears only moderate given thin margins.
Positive Factors
Order-book visibility
The record order book and high forward coverage provide substantial revenue visibility over the next several quarters. More than 90% repeat business and extensive framework access can support recurring awards, reduce dependence on isolated tenders, and underpin steady workload across Kier’s core markets.
Negative Factors
Elevated leverage
The sharp rise in leverage has increased financial risk and reduced flexibility if project performance or working capital weakens. Although Kier reached an average net cash position in FY26, the balance-sheet structure remains a constraint until sustained cash generation materially reduces debt exposure.
Read all positive and negative factors
Positive Factors
Negative Factors
Order-book visibility
The record order book and high forward coverage provide substantial revenue visibility over the next several quarters. More than 90% repeat business and extensive framework access can support recurring awards, reduce dependence on isolated tenders, and underpin steady workload across Kier’s core markets.
Read all positive factors
Kier Group plc (KIE) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£1.29B
Dividend Yield3.38%
Average Volume (3M)1.72M
Price to Earnings (P/E)22.3
Beta (1Y)1.36
Revenue Growth6.75%
EPS Growth11.01%
CountryUK
Employees10,361
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.14
Shares Outstanding434,628,270
10 Day Avg. Volume1,687,207
30 Day Avg. Volume1,723,566
Financial Highlights & Ratios
PEG Ratio0.94
Price to Book (P/B)1.86
Price to Sales (P/S)0.22
P/FCF Ratio5.16
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£345.00Price Target Upside32.69% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)0.25
Revenue Forecast (FY)£4.56B
Kier Group plc Business Overview & Revenue Model
Company Description
Kier Group plc is a diversified enterprise with core operations in construction, serving both domestic (UK) and international markets. The company organizes its extensive activities across three distinct divisions: Construction, Infrastructure Ser...
How the Company Makes Money
Kier primarily makes money by winning and delivering contracted work and service agreements in the UK across infrastructure and construction. Revenue is mainly generated through (1) project-based contracts where Kier is paid for construction and i...
Kier Group plc Earnings Call Summary
Earnings Call Date:Sep 15, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Mar 02, 2027
Earnings Call Sentiment Positive
The call was strongly optimistic, emphasizing 7.5% revenue growth, 6.7% adjusted operating profit growth, record order book momentum, the first full-year average net cash position since 2012 and confidence that FY27 adjusted EPS will be at the top end of expectations. Management also presented substantial medium-term growth opportunities in infrastructure, water, energy, defense and health care. The principal challenges were the subdued property market, fire and cladding remediation outflows, supply-chain and macroeconomic exposure, and the expected normalization of unusually high cash conversion.Positive Updates
Strong FY26 Revenue and Profit Growth
FY26 revenue increased 7.5% to GBP 4.4 billion, while adjusted operating profit rose 6.7% to GBP 170 million. Revenue has grown by 1/3 since 2022, and the adjusted operating profit margin was maintained at 3.9%.
Negative Updates
Subdued Property Market and Low Property Returns
The Property division continued to be affected by a subdued market and wider macroeconomic turbulence. FY26 property revenue was GBP 63 million, adjusted operating profit was GBP 9 million and return on capital employed was 4.3%.
Read all updates
Q4-2026 Updates
Positive
Negative
Strong FY26 Revenue and Profit Growth
FY26 revenue increased 7.5% to GBP 4.4 billion, while adjusted operating profit rose 6.7% to GBP 170 million. Revenue has grown by 1/3 since 2022, and the adjusted operating profit margin was maintained at 3.9%.
Read all positive updates
Company Guidance
For FY '27, adjusted earnings per share are expected to be at the top end of the Board's expectations, while '27 earnings are expected to be at the top end of the Board's prior expectations; total capital employed in property is expected to peak in December this year, with approximately the first GBP 150 million of capital expected to be realized over the next 3 years. Medium-term targets are mid-single-digit revenue growth each year, a 4% to 4.5% adjusted operating profit margin, double-digit EPS CAGR, an average net cash position of GBP 200 million by FY '29, cash conversion of over 90%, and ordinary dividend growth in line with earnings with 3x cover; sector revenue targets by '29 are GBP 800 million in water from GBP 400 million, GBP 400 million in energy from GBP 170 million, GBP 350 million in defense from GBP 150 million, and GBP 250 million in health care from GBP 170 million.Kier Group plc Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
44
Neutral
Cash Flow
64
Positive
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.35B | 4.08B | 3.91B | 3.38B | 3.14B |
| Gross Profit | 349.20M | 330.80M | 335.00M | 279.50M | 238.30M |
| EBITDA | 197.30M | 139.10M | 188.00M | 167.70M | 79.30M |
| Net Income | 61.70M | 56.40M | 42.70M | 41.10M | 12.70M |
Balance Sheet | |||||
| Total Assets | 3.93B | 3.55B | 3.46B | 2.31B | 2.24B |
| Cash, Cash Equivalents and Short-Term Investments | 1.90B | 1.69B | 1.57B | 1.39B | 301.40M |
| Total Debt | 1.85B | 1.64B | 1.58B | 1.51B | 464.60M |
| Total Liabilities | 3.42B | 3.04B | 2.94B | 1.79B | 1.68B |
| Stockholders Equity | 511.40M | 517.30M | 520.20M | 513.40M | 555.20M |
Cash Flow | |||||
| Free Cash Flow | 184.30M | 223.90M | 211.60M | 135.60M | 28.30M |
| Operating Cash Flow | 190.20M | 235.00M | 230.10M | 144.00M | 45.20M |
| Investing Cash Flow | -19.70M | -68.40M | -44.30M | -25.00M | -1.40M |
| Financing Cash Flow | -140.90M | -160.30M | -100.90M | -40.10M | -141.20M |
Kier Group plc Technical Analysis
Positive
260.00
Price Trends
265.10
Positive
238.41
Positive
227.55
Positive
Market Momentum
15.30
Negative
70.64
Negative
41.09
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:KIE, the sentiment is Positive. The current price of 260 is below the 20-day moving average (MA) of 286.40, below the 50-day MA of 265.10, and above the 200-day MA of 227.55, indicating a bullish trend. The MACD of 15.30 indicates Negative momentum. The RSI at 70.64 is Negative, neither overbought nor oversold. The STOCH value of 41.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:KIE.
Kier Group plc Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | £4.39B | 17.69 | 22.88% | 1.58% | 12.13% | 47.64% | |
77 Outperform | £699.95M | 17.29 | 32.45% | 4.38% | 2.98% | 23.78% | |
75 Outperform | £687.29M | 18.17 | 14.73% | 1.98% | -6.49% | 22.41% | |
73 Outperform | £2.24B | 14.79 | 24.09% | 2.43% | 9.58% | 14.74% | |
68 Neutral | £2.00B | 10.51 | 24.83% | 3.86% | 10.84% | 24.56% | |
65 Neutral | £1.29B | 22.27 | 11.95% | 3.38% | 6.75% | 11.01% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
GB:KIE
Kier Group plc
308.00
86.97
39.34%
GB:BBY
Balfour Beatty
937.50
302.06
47.53%
GB:COST
Costain
262.00
126.02
92.68%
GB:GFRD
Galliford Try
709.00
210.71
42.29%
GB:KLR
Keller Group plc
3,328.00
1,847.22
124.75%
GB:MGNS
Morgan Sindall
4,224.00
-574.24
-11.97%
Kier Group plc Corporate Events
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Kier Group posts strong FY26 results and raises medium-term growth targets
Positive
Sep 15, 2026
Kier Group has reported strong full-year results to 30 June 2026, with revenue up 7.5% to £4.39bn and adjusted operating profit rising 6.7% to £169.8m, maintaining a 3.9% margin. The group moved to an average net cash position of £1...
Stock BuybackRegulatory Filings and Compliance
Kier Group Advances Share Buyback, Boosting Treasury Holdings
Positive
Sep 11, 2026
Kier Group plc has continued its previously announced share buyback programme, repurchasing 250,000 ordinary shares between 7 and 11 September 2026 through Deutsche Numis at volume‑weighted average prices ranging from about 242p to 253p per ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Kier Group Expands Share Buyback, Updates Voting Rights
Positive
Sep 4, 2026
Kier Group plc has continued its share buyback programme, repurchasing a total of 235,000 ordinary 1p shares between 1 and 4 September 2026 through Deutsche Numis at volume-weighted average prices around 250 pence. The newly acquired shares will b...
Regulatory Filings and Compliance
Kier Group Updates Market on Total Voting Rights
Neutral
Sep 1, 2026
Kier Group plc has disclosed that, as of 31 August 2026, its issued share capital consists of 452,875,390 ordinary shares of 1p each, of which 17,142,122 are held in treasury. This leaves a total of 435,733,268 voting rights in the company, a key ...
Business Operations and StrategyStock Buyback
Kier Continues Buyback, Lifts Treasury Stock to Over 17 Million Shares
Positive
Aug 28, 2026
Kier Group plc has continued its share buyback programme, repurchasing 250,000 ordinary 1p shares between 24 and 28 August 2026 via Deutsche Numis at volume-weighted average prices of around 254p to 261p per share. The repurchased shares will be h...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Kier Tightens Capital Base with Further Treasury Share Buybacks
Positive
Aug 21, 2026
Kier Group plc has continued its previously announced share buyback, repurchasing 270,000 ordinary shares between 17 and 21 August 2026 through Deutsche Numis at volume-weighted average prices around 253–258 pence. The company intends to hol...
Executive/Board ChangesRegulatory Filings and Compliance
Kier Group Executives Receive Shares Under Incentive Plan
Neutral
Aug 19, 2026
Kier Group plc has disclosed routine share dealings by several senior executives under its Share Incentive Plan. On 18 August 2026, the plan’s trustee acquired ordinary shares and allocated free matching shares to Group Commercial Director J...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Kier Advances Share Buyback, Updates Voting Rights
Positive
Aug 14, 2026
Kier Group plc has continued to execute its previously announced share buyback programme, purchasing a series of ordinary 1p shares between 10 August and 14 August 2026 through Deutsche Numis. The company intends to hold these repurchased shares i...
Stock BuybackRegulatory Filings and Compliance
Kier Group Continues Treasury Share Buyback, Updates Voting Rights
Neutral
Aug 7, 2026
Kier Group plc has continued to execute its previously announced share buyback programme, purchasing 250,000 ordinary shares between 3 and 7 August 2026 through Deutsche Numis at prices ranging from 239.00p to 250.80p per share. The repurchased sh...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Kier Group Updates Market on Progress of Share Buyback Programme
Positive
Jul 31, 2026
Kier Group plc has continued its previously announced share buyback programme, purchasing a series of tranches of Ordinary 1p shares between 27 July and 31 July 2026 through broker Deutsche Numis. The shares bought in this latest period will be he...
Regulatory Filings and Compliance
Kier Group Updates Market on Total Voting Rights
Neutral
Jul 31, 2026
Kier Group plc has updated the market on its total voting rights, confirming that as of 31 July 2026 its issued share capital consists of 452,875,390 ordinary shares of 1p each, of which 16,150,924 are held in treasury. This leaves 436,724,466 sha...
Business Operations and Strategy
Kier wins £500m lead role in Hinchingbrooke Hospital redevelopment
Positive
Jul 30, 2026
Kier Group has been appointed lead construction partner for the £500m redevelopment of Hinchingbrooke Hospital in Cambridgeshire, one of the first schemes under the NHS Hospital 2.0 Alliance within the UK’s New Hospital Programme. Worki...
Business Operations and StrategyStock Buyback
Kier Advances Buyback, Lifts Treasury Share Holdings
Positive
Jul 24, 2026
Kier Group plc has continued its share buyback programme, repurchasing 191,197 ordinary shares between 20 and 24 July 2026 through Deutsche Numis at volume-weighted average prices ranging from about 222p to 241p. The company intends to hold these ...
Business Operations and StrategyFinancial Disclosures
Kier Group lifts FY26 outlook as order book and cash surge
Positive
Jul 21, 2026
Kier Group expects its revenue and profit for the year to 30 June 2026 to come in at the top end of market expectations, driven by strong second-half performance in infrastructure, construction and property. Growth in water, highways and rail proj...
Executive/Board ChangesRegulatory Filings and Compliance
Kier Executives Receive Shares Under Company Incentive Plan
Positive
Jul 20, 2026
Kier Group plc has reported a series of small share acquisitions by senior executives under its Share Incentive Plan, reflecting ongoing use of equity-based compensation. On 17 July 2026, the plan’s trustee purchased ordinary shares and allo...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Kier Group Advances Share Buyback, Tightens Capital Structure
Positive
Jul 17, 2026
Kier Group plc is a U.K.-listed construction and infrastructure services provider, delivering building, civil engineering and infrastructure projects to public and private clients. Its presence in key national infrastructure markets makes its capi...
Stock BuybackRegulatory Filings and Compliance
Kier Group expands share buyback, updates voting rights count
Positive
Jul 10, 2026
Kier Group plc has continued to execute its previously announced share buyback programme, purchasing 275,000 ordinary shares between 6 and 10 July 2026 through Deutsche Numis. The trades were executed at volume-weighted average prices in the range...
Business Operations and StrategyStock Buyback
Kier Group Expands Share Buyback, Adjusts Voting Share Count
Positive
Jul 3, 2026
Kier Group plc has continued its previously announced share buyback programme, repurchasing 255,399 ordinary shares between 29 June and 3 July 2026 through Deutsche Numis at volume‑weighted average prices ranging from about 214p to 224p. The...
Business Operations and StrategyRegulatory Filings and Compliance
Kier Group Leaves Sharesave Scheme Headroom Unused in First Half 2026
Neutral
Jul 1, 2026
Kier Group plc reported that, for the six months to 30 June 2026, there was no change in the number of shares allotted under its employee Sharesave Scheme 2016 or the newer Sharesave Scheme 2024. The company still has 738,540 unallotted securities...
Regulatory Filings and Compliance
Kier Group Updates Market on Total Voting Rights and Share Capital
Neutral
Jul 1, 2026
Kier Group plc has disclosed that as of 30 June 2026 its issued share capital consists of 452,875,390 ordinary shares, of which 15,028,468 are held in treasury, leaving 437,846,922 voting rights in issue. This update is intended to help shareholde...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Kier boosts treasury stock with continued share buyback
Positive
Jun 26, 2026
Kier Group has continued its previously announced share buyback programme, repurchasing 250,000 ordinary shares between 22 and 26 June 2026 through Deutsche Numis at volume-weighted average prices ranging from about 206p to 217p. The company inten...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Kier Advances Share Buyback, Reducing Free-Float and Voting Rights Base
Positive
Jun 19, 2026
Kier Group plc has continued executing its share buyback programme, purchasing 250,000 ordinary 1p shares between 15 and 19 June 2026 via Deutsche Bank’s London branch at volume-weighted average prices broadly around 203–209 pence. The...
Executive/Board ChangesRegulatory Filings and Compliance
Kier senior executives receive shares under incentive plan
Positive
Jun 19, 2026
Kier Group plc has disclosed routine share transactions under its Share Incentive Plan involving several senior executives, including its Group Commercial Director, Chief Finance Officer and managing directors for Construction and Property. On 18 ...
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.