Kingspan Group

Kingspan and Rockwool highlight that insulation is a hot category

  • Sectors : Building products
  • Companies : Kingspan Group

Ratings and price correct at time of issue.

  • Kingspan Group

    Closing Price: 3970c

  • RATING 12/05/11

  • PREVIOUS RATING 30/06/09

    NEUTRAL

DAVY VIEW

Insulation has been and will remain an attractive growth category within the building materials sector. Kingspan and Rockwool offer direct and substantive exposure to this opportunity. Without ignoring the cyclicality of end-markets, the outlook for both remains favourable. While acknowledging Rockwool’s recent revival, for preference we believe that Kingspan is the better option. This is due to sustained superior cash generation and returns. Kingspan has also demonstrated greater ambition, which provides it with a deeper international platform for future expansion.

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May 30 2018, 06:30 IST/BST

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