Kingspan Group

Model update

  • Sectors : Building products
  • Companies : Kingspan Group

Ratings and price correct at time of issue.

  • Kingspan Group

    Closing Price: 7650c

  • RATING 12/05/11

  • PREVIOUS RATING 30/06/09



Kingspan continues to impress. Our revised 2021 trading profit forecast of €500m is, remarkably, within 5% of what had been expected prior to COVID-19. This operating resilience has been accompanied by phenomenal cash management with free cash flow this year likely to exceed €500m. This leaves Kingspan with more scope than ever to invest and expand. Our 2021 forecasts are conservative; there is clear scope for upwards revisions if trading conditions are in any way reasonable. The stock may pause somewhat after its recent gains, but the longer-term story remains compelling.

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Nov 17 2020, 07:15 GMT