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Kingspan Group plc (KRX) Fair Value & Analysis

Industrials · IE · Market cap €15.8B · ISIN IE0004927939

What is Kingspan Group plc really worth?

KG Kingspan Group plc KRX · IR
Price€102.70
Fair Value€66.79
Upside−35.0%
Quality61/100

A solid business, but trading 54% above our fair value of €66.79.

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Strengths

Healthy Growth (revenue 5y +15.0 %/yr)
Low debt · generates free cash flow

Risks

!Thin margins · 7.3% net margin
!Mixed vs. peers (6/15)
!Moderate moat 52/100
!Weak on future: 27 out of 100
!Weak on dividend: 11 out of 100

For context

·0.55% dividend yield
Evidence: High Range €31.36 – €96.23

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 22 days ago

Fair value updated Aug 13, 2026, revised from €70.76 to €66.79 (−5.6%) since Jul 19, 2026.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (€96.23). The favourable scenario is already priced in.
  • The model range is unusually wide (€31.36 to €96.23). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

€104.00 €42.97 Fair Value €66.79 May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range €42.97 – €104.00 · fair‑value band €31.36 – €96.23 · the €102.70 price screens above the €66.79 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Kingspan Group plc (KRX) currently trades at €102.70, while our model-based Fair Value estimate is €66.79, implying the stock looks roughly 53.8% overvalued today. The Quality Score stands at 61/100 (solid quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of €76.85 per share, and 1 of the 24 models we run sit above the €102.70 price. Bear case: the Asset-Based group reads lowest at €16.69, and 23 of the 24 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Kingspan Group plc generated revenue of €9.2B at a net margin of 7.3%. Revenue grew 5.4% year over year. It earns a return on equity of 15.4%. Net debt stands at €1.9B. Fundamentals as of Aug 13, 2026

Our scenario range runs from €31.36 (bear case) to €96.23 (bull case); at €102.70, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 65% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −29% fair-value upside, at −35%, KRX screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly €2.11 per share, which is 3.2 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF €25.71 €56.66 €112.94 75
EPV €32.56 €39.38 €45.34 74
Growth DCF €25.17 €52.73 €100.97 74
All 24 models by family
DCF Models
FCF DCF €25.71 €56.66 €112.94 75
Owner Earnings €38.17 €80.43 €157.29 72
5Y Revenue Exit €33.77 €71.64 €124.83 69
5Y EBITDA Exit €44.75 €95.03 €160.37 72
5Y P/E Exit €40.08 €85.07 €138.37 68
10Y Revenue Exit €29.25 €64.82 €122.88 63
10Y EBITDA Exit €38.26 €82.28 €153.61 65
10Y P/E Exit €35.12 €74.85 €134.59 61
Earnings-Based
Graham-Dodd €25.37 €131.23 €181.46 64
Lynch FV €35.88 €51.25 €66.63 61
PEG = 1.0 €35.88 €51.25 €66.63 57
EPV €32.56 €39.38 €45.34 74
Multiples
P/E Multiple €58.75 €78.33 €97.92 63
P/S Multiple €47.56 €63.41 €79.27 58
P/B Multiple €47.56 €63.41 €79.27 55
EV/EBIT €55.67 €77.01 €98.35 66
EV/EBITDA €57.66 €79.66 €101.66 67
EV/Revenue €37.34 €56.92 €76.51 53
Asset-Based
NCAV (Graham) €12.45 €16.69 €24.91 54
Growth DCF
Growth DCF €25.17 €52.73 €100.97 74
Rev-Margin DCF €33.77 €70.08 €118.67 70
Economic Profit
Residual Income €24.89 €32.74 €89.65 67
ROIC Compounder €36.54 €54.38 €74.76 71
Growth Earnings
Growth-Adj P/E €53.79 €76.85 €99.90 67

Widest divergence: Growth Earnings (€76.85) versus Asset-Based (€16.69). Highest evidence: FCF DCF (75).

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Key figures & financial health

P/E ratio 27.8
P/S ratio 2.03 P/E × margin
EPS (TTM) €3.67 price ÷ EPS = P/E 27.8
Dividend yield 0.5% payout 15.3%
Net margin 7.3% FY2025
Return on equity 15.4% TTM
More key figures
Profitability
Return on assets (EBIT) 10.0% avg 5y
Operating margin 10.5% TTM
Growth
Revenue (TTM) €9.2B TTM
Revenue growth (YoY) +5.4% 3y avg +3.3%
EPS growth (YoY) −0.6%
Balance sheet & cash flow
Free cash flow €455M FY2025
Net debt €1.9B FY2025 · ≈ 4.1 yrs of FCF

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 59 · Market factors (momentum, volatility) 73

Profitability 53
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 39
Earnings quality: real cash, not paper profit
Fin. Strength 69
Balance sheet, leverage, solvency risk
Investment 65
Disciplined investing over empire-building
Low Volatility 47
Calm price path (market factor)
Momentum 80
Price trend over the last 3–12 months (market factor)
52W Momentum 91
Distance to the 52-week high (market factor)
Net Issuance 85
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Kingspan Group plc, together with its subsidiaries, provides insulation and building envelope solutions in Western and Southern Europe, Central and Northern Europe, the Americas, and internationally. It operates through two segments: Insulated Building Envelopes, and Advnsys.

Full company description

Kingspan Group plc, together with its subsidiaries, provides insulation and building envelope solutions in Western and Southern Europe, Central and Northern Europe, the Americas, and internationally. It operates through two segments: Insulated Building Envelopes, and Advnsys. The Insulated Building Envelopes segment provides advanced energy-saving solutions for roofs, walls, and floors, delivering building solutions for energy efficiency in both new build and renovation applications across all building types. The Advnsys segment designs and manufactures bespoke critical infrastructure solutions, primarily focused on data centres, ventilation, and daylighting, offering high-performance systems that deliver energy efficient lighting, airflow, cooling, and ventilation for both new build and renovation projects in data centres and commercial buildings. The company offers a comprehensive suite of products, including insulated panels, insulation boards, roofing and waterproofing solutions, structural steel products and system, facades, ceiling systems, raised access floors, daylighting solutions, and water management technologies. It also provides solutions such as PowerPanel integrated solar roofing, QuadCore LEC insulated panels, Kooltherm insulation boards, and a range of lower embodied carbon and bio-based materials. Additionally, the company is involved in developing circular economy solutions, including product takeback and recycling schemes, and offers digital infrastructure, smoke management, and ventilation systems. Kingspan Group plc was founded in 1965 and is based in Kingscourt, Ireland.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kingspan Group plc reported revenue of €9.2B in FY2025 versus €6.5B in FY2021, a compound +9.1%/yr. Reported net income was €671M in FY2025, compounding +4.9%/yr from FY2021.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€9.2B
Latest YoY
+6.9%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.3%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+15.0%
Avg. revenue growth/yr (37Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+16.9%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+13.2% (12.7 + 0.5)
Revenue +9.1%/yr
FY21 €6.5B
FY22 €8.3B
FY23 €8.1B
FY24 €8.6B
FY25 €9.2B
Net income +4.9%/yr
FY21 €554M
FY22 €598M
FY23 €640M
FY24 €666M
FY25 €671M
Character of growth · EPS growth decomposed (2011-2022) +23.0 % p.a.
Revenue per share +15.6 %

of which total revenue +16.4 % · buybacks/dilution −0.7 %

EBIT margin +5.7 %
Tax rate −0.2 %
Residual (interest, one-offs) +0.8 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

KRX screens 54% overvalued. Compare with Trane Technologies plc →

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Cite: Fair Value Calculator (2026). "Kingspan Group plc Fair Value". https://www.fairvalue-calculator.com/stock/KRX

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Building Products & Equipment · 243 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 61 · Above median
Fair Value upside −35% · Below median
Return on equity (TTM) 15% · Top 25%
Return on assets 6% · Above median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 10% · Above median
Revenue growth 5% · Above median
Dividend yield (TTM) 0.5% · Bottom 25%
Debt / equity 0.47× · Higher than 75% of peers

Valuation Multiples vs Building Products & Equipment median · lower = cheaper

P/E (TTM) 27.8× · Pricier than median
P/B 4.09× · Pricier than 75% of peers
P/S (TTM) 1.99× · Pricier than 75% of peers
P/FCF 40.4× · Pricier than 75% of peers
EV/EBITDA 17.3× · Pricier than 75% of peers
PEG 1.76× · Pricier than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE27 · sector 11
PAST61 · sector 25
HEALTH77 · sector 95
DIVIDEND11 · sector 41

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Trane Technologies plc TT $454.31 $208.50 −54%
Johnson Controls International plc JCI $142.23 $44.75 −69%
Carrier Global Corporation CARR $57.25 $16.85 −71%
Compagnie de Saint-Gobain S.A SGO €81.20 €97.97 +21%
Geberit AG GEBN CHF 577.80 CHF 307.66 −47%
Lennox International Inc LII $377.25 $363.09 −4%
Masco Corporation MAS $74.64 $53.22 −29%
Carlisle Companies Incorporated CSL $356.53 $340.70 −4%
BELIMO Holding BEAN CHF 878.50 CHF 227.18 −74%
Advanced Drainage Systems, Inc WMS $144.10 $106.17 −26%

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Frequently asked questions

Is Kingspan Group plc (KRX) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of €66.79 versus a price of €102.70, about −35% upside (overvalued).
What is the fair value of KRX?
Our model-based fair value for Kingspan Group plc is €66.79 (as of Aug 13, 2026), built from audited fundamentals. The current price: €102.70.
What is the quality score of KRX?
Kingspan Group plc has a Quality Score of 61/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Kingspan Group plc (KRX)?
Kingspan Group plc reported trailing-twelve-month revenue of about €9.2B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of KRX?
The net profit margin of Kingspan Group plc is about 7.3%, meaning it keeps roughly 7.3% of revenue as net income. Based on the latest reported figures.
Does Kingspan Group plc pay a dividend?
Kingspan Group plc currently shows a dividend yield of about 0.55% relative to its recent price (as of Aug 13, 2026).
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