Kingspan Group

2023 slowly taking shape

  • Sectors : Building products
  • Companies : Kingspan Group

Ratings and price correct at time of issue.

  • Kingspan Group

    Closing Price: 6096c

  • RATING 12/05/11

  • PREVIOUS RATING 30/06/09



The positive reaction to Kingspan’s recent trading update is instructive. We believe it highlights the “credit in the bank” the group has accumulated given investors’ willingness to look beyond near-term margin pressure. It also underlines how deep the de-rating of the stock has been and the extent to which a material downturn in profits next year is discounted. This debate has still to be resolved, but our view remains that the extent of this risk is likely overstated with the equity risk/reward attractively positioned.

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Nov 16 2022, 07:00 GMT