Kingspan Group

Dealing with the present, eyes on the future

  • Sectors : Building products
  • Companies : Kingspan Group

Ratings and price correct at time of issue.

  • Kingspan Group

    Closing Price: 4590c

  • RATING 12/05/11

  • PREVIOUS RATING 30/06/09



Recent events will represent a sharp hit to Kingspan’s momentum, but this is arguably reflected in a share price circa 30% off peak. We now model for earnings in 2021 to be around 15% lower than previously expected and a little below the 2019 level. Despite the earnings disruption, there is no change to the structural thesis and Kingspan remains a quality play on the mega-theme of the drive to de-carbonise buildings. In addition, the crisis may, in time, throw up some interesting external opportunities; Kingspan, with a very strong financial position, is well-positioned in this regard.

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May 6 2020, 07:00 IST/BST