olivLaw · European equity research
Kingfisher plc KGF.L
United Kingdom · London Stock Exchange · ISIN GB0033195214 · Vertical: Listed companies from United Kingdom
Kingfisher is a European home improvement retailer operating banners such as B&Q, Screwfix, Castorama, Brico Depot and its Polish business. In fiscal 2025/26 the group reported sales of 12945 million pounds, with the home improvement market broadly flat, making the company relevant to investors watching a recovery in European consumer demand.
At the close of 05 Nov 2026, Kingfisher plc (KGF.L) stock was 3.79 GBP (+0.53% on the day), with market capitalisation 6.6 bn GBP, P/E 27.5 on diluted EPS of 0.14 GBP over the last 12 months, beta 0.65, 52-week range 2.69–3.79 GBP.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 72.8
- overbought (≥ 70)
- Bollinger (20, 2)
- 3.16 – 3.81
- in the upper half of the band · %B 0.98 · band width 18.6%
- SMA 50 / 200
- 3.27 / 3.12
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 0.12 / 0.10
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | +15.3% | −0.6% | +15.9 pp | — |
| 3 months | +16.7% | −4.2% | +20.8 pp | — |
| 6 months | +31.8% | +4.3% | +27.5 pp | — |
| Year to date | +21.3% | +7.5% | +13.8 pp | — |
| 1 year | +22.4% | +9.9% | +12.5 pp | +5.8% |
| 3 years | +73.4% | +49.8% | +23.5 pp | +26.3% |
| 5 years | +14.1% | +42.8% | −28.8 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 100 percentile of its own 3-quarter history (min 12.2, median 24.5, max 24.9; quarters with earnings only).
Fiscal years
| Fiscal year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 13.0 bn | 12.8 bn | 12.9 bn |
| Revenue YoY | unavailable | −1.5% | +1.3% |
| Net income | 345.0 m | 185.0 m | 245.0 m |
| Net income YoY | unavailable | −46.4% | +32.4% |
| Diluted EPS | 0.18 | 0.10 | 0.14 |
| Diluted EPS YoY | unavailable | −45.0% | +39.4% |
| net % | 2.7% | 1.4% | 1.9% |
| Free cash flow | unavailable | 1.1 bn | 1.1 bn |
Balance sheet & financial health
Fiscal year 2026 · 31 Jan 2026
- Cash
- 465.0 m GBP
- Financial debt
- 103.0 m GBP
- Net debt
- -362.0 m GBP
- Equity
- 6.2 bn GBP
- Total assets
- 11.4 bn GBP
- Debt / equity
- 0.02x
- Current ratio
- 1.21x
- ROE
- 3.9%
- ROA
- 2.1%
- FCF margin
- 8.7%
Financial statements (source on every figure)
Revenue and net income (GBP)
Margins
Income statement · GBP
| Line | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 13.0 bn | 12.8 bn | 12.9 bn | esef· 21 Apr 2026verified |
| Cost of revenue | 8.2 bn | 8.0 bn | 8.0 bn | esef· 21 Apr 2026verified |
| Gross profit | 4.8 bn | 4.8 bn | 4.9 bn | esef· 21 Apr 2026verified |
| Operating income | 580.0 m | 407.0 m | 469.0 m | esef· 21 Apr 2026verified |
| Interest expense | 133.0 m | 132.0 m | 124.0 m | esef· 21 Apr 2026verified |
| Pre-tax income | 475.0 m | 307.0 m | 378.0 m | esef· 21 Apr 2026verified |
| Income tax | 130.0 m | 122.0 m | 133.0 m | esef· 21 Apr 2026verified |
| Net income | 345.0 m | 185.0 m | 245.0 m | esef· 21 Apr 2026verified |
| Diluted EPS | 0.18 | 0.10 | 0.14 | esef· 21 Apr 2026verified |
Balance sheet · GBP
| Line | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|
| Cash | 360.0 m | 336.0 m | 465.0 m | esef· 21 Apr 2026verified |
| Receivables | 344.0 m | 276.0 m | 289.0 m | esef· 21 Apr 2026verified |
| Inventories | 2.9 bn | 2.7 bn | 2.8 bn | esef· 21 Apr 2026verified |
| Current assets | 3.7 bn | 3.7 bn | 3.6 bn | esef· 21 Apr 2026verified |
| Property, plant & equipment, net | 3.2 bn | 3.1 bn | 3.2 bn | esef· 21 Apr 2026verified |
| Goodwill | 2.4 bn | 2.3 bn | 2.2 bn | esef· 21 Apr 2026verified |
| Intangibles (excl. goodwill) | 368.0 m | 312.0 m | 261.0 m | esef· 21 Apr 2026verified |
| Total assets | 11.9 bn | 11.4 bn | 11.4 bn | esef· 21 Apr 2026verified |
| Accounts payable | 2.4 bn | 2.4 bn | 2.5 bn | esef· 21 Apr 2026verified |
| Short-term debt | 7.0 m | 108.0 m | 3.0 m | esef· 21 Apr 2026verified |
| Long-term debt | 102.0 m | 1.0 m | 100.0 m | esef· 21 Apr 2026verified |
| Current liabilities | 2.9 bn | 2.9 bn | 2.9 bn | esef· 21 Apr 2026verified |
| Total liabilities | 5.3 bn | 5.1 bn | 5.2 bn | esef· 21 Apr 2026verified |
| Equity | 6.6 bn | 6.3 bn | 6.2 bn | esef· 21 Apr 2026verified |
| Shares outstanding at year end | 1.9 bn | 1.8 bn | 1.8 bn | esef· 21 Apr 2026derived |
Cash flow · GBP
| Line | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | 1.3 bn | 1.3 bn | 1.4 bn | esef· 21 Apr 2026verified |
| Capex | — | 241.0 m | 303.0 m | esef· 21 Apr 2026verified |
| Free cash flow | — | 1.1 bn ≈ | 1.1 bn ≈ | esef· 21 Apr 2026derived |
| Investing cash flow | -339.0 m | -316.0 m | -331.0 m | esef· 21 Apr 2026verified |
| Financing cash flow | -898.0 m | -997.0 m | -996.0 m | esef· 21 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 52.1% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 6.6 bn GBP
Key indicators
Coverage and freshness
Score by group
52% · Insufficient data
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 52.1% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 5.1% | 25 (vs peers) | 20% |
| Net margin · Quality | 1.9% | 26 (vs peers) | 12% |
| FCF conversion · Quality | 461.2% | 100 (on a fixed band) | 12% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 3.8x | 35 (on a fixed band) | 12% |
| Current ratio · Balance sheet | 1.2x | 35 (on a fixed band) | 8% |
| P/E (TTM) · Valuation | 27.5x | 11 (vs peers) | 20% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 17.0% | 100 (on a fixed band) | 16% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet35/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality46/100 · 3/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation51/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
KINGFISHER PLC (KGF.L). Latest full fiscal year: 2026; data up to 2026-01-31.
Figures computed from the financial statements: revenue 12.9 bn GBP in 2026; YoY growth 1.3%; net margin 1.9%; ROE 3.9%.
The estimated value range is 4.08–5.58 GBP per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 4.75 GBP, the price of 3.79 GBP leaves a potential of 25.2% (value / price − 1) and a margin of safety of 20.1% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 52.1% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF conversion: 461.2%
- FCF yield: 17.0%
- The price is below the estimated value range
What contradicts it
- ROIC: 5.1%
- Net margin: 1.9%
- P/E (TTM): 27.5x
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Listed companies from United Kingdom · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BATS.LBritish American Tobacco P.L.C. | 104.3 bn | 13.5 | 16.5% | 30.3% | −1.0% | +7% / +88% |
| ABF.LAssociated British Foods PLC | 14.7 bn | 14.3 | 9.2% | 5.3% | −3.1% | −5% / −15% |
| KGF.LKingfisher PLC | 6.6 bn | 27.5 | 3.9% | 1.9% | +1.3% | +24% / +73% |
| 0EV1.LCarnival PLC | 5.5 bn | 4.1 | 46.7% | 13.4% | +6.4% | unavailable / unavailable |
| BAB.LBabcock International Group PLC | 5.1 bn | 24.7 | 34.7% | 4.1% | +7.2% | −10% / +158% |
| AUTO.LAutotrader Group PLC | 4.8 bn | 16.4 | 60.2% | 47.1% | +3.9% | −13% / −23% |
| BBY.LBalfour Beatty PLC | 4.2 bn | 16.3 | 23.2% | 2.8% | +15.2% | +20% / +160% |
| ABDN.LAberdeen Group PLC | 4.1 bn | 10.8 | 8.0% | 28.9% | −2.1% | +11% / +41% |
| BKG.LThe Berkeley Group Holdings PLC | 3.6 bn | 11.3 | 8.8% | 13.4% | −4.2% | −0% / −22% |
| BME.LB&M European Value Retail PLC | 2.9 bn | 17.4 | 21.2% | 2.8% | +3.7% | +68% / −51% |
| AJB.LAj Bell PLC | 2.4 bn | 22.8 | 49.9% | 33.1% | +18.0% | +8% / +128% |
| ASHM.LAshmore Group PLC | 1.4 bn | 13.9 | 13.1% | 71.6% | −0.1% | +28% / +18% |
| BCG.LBaltic Classifieds Group PLC | 1.2 bn | 23.2 | 15.8% | 57.6% | +6.9% | −99% / −99% |
| APN.LApplied Nutrition PLC | 763.6 m | 36.2 | 41.2% | 19.7% | +24.2% | +71% / unavailable |
| BAG.LA.G. Barr P.L.C. | 671.9 m | 14.4 | 14.4% | 10.8% | +4.0% | −7% / +26% |
| ASC.LAsos PLC | 494.5 m | — | -81.3% | -12.0% | −14.7% | +71% / +8% |
| ALFA.LAlfa Financial Software Holdings PLC | 486.8 m | 16.3 | 61.5% | 23.8% | +15.3% | −28% / +10% |
| AML.LAston Martin Lagonda Global Holdings PLC | 344.3 m | — | -93.4% | -39.2% | −20.6% | −45% / −85% |
| APTD.LAptitude Software Group PLC | 111.3 m | 28.5 | 7.2% | 6.2% | −7.3% | −30% / −23% |
| AMGO.LAmigo Holdings PLC | 9.9 m | — | — | — | −81.9% | +325% / +844% |
| ASBE.LAssociated British Engineering PLC | 605.3 k | — | -19.1% | — | unavailable | unavailable / unavailable |
| AMIF.LAmicorp Fs (uk) PLC | 221.6 k | 0.1 | 27.5% | 9.1% | +8.1% | unavailable / unavailable |
| AAF.LAirtel Africa PLC | — | — | 24.1% | 10.6% | +29.5% | −7% / +164% |
| AAL.LAnglo American PLC | — | — | -19.3% | -20.2% | +4.5% | +30% / +76% |
| ACG.LAcg Metals Limited | — | — | -80.3% | -32.0% | +134.8% | +60% / +63% |
1- and 3-year price returns: for KGF.L from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (GBP)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 2.20 Total return -42% · Per year -42% | 3.90 Total return 3% · Per year 3% | 5.88 Total return 55% · Per year 55% |
| 3 years | 2.00 Total return -47% · Per year -19% | 4.00 Total return 5% · Per year 2% | 6.64 Total return 75% · Per year 20% |
| 5 years | 1.82 Total return -52% · Per year -14% | 4.10 Total return 8% · Per year 2% | 7.49 Total return 98% · Per year 15% |
- Exit P/E± 1.00
- Net margin± 0.70
- Annual revenue growth± 0.59
- Annual dilution± 0.06
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Kingfisher is a European home improvement retailer operating banners such as B&Q, Screwfix, Castorama, Brico Depot and its Polish business. In fiscal 2025/26 the group reported sales of 12945 million pounds, with the home improvement market broadly flat, making the company relevant to investors watching a recovery in European consumer demand.
SWOT
Strengths
- The group has a broad portfolio of well known banners and a strong position in the professional segment, supported by growth in trade sales 1.
- E-commerce and app usage reached a high share of Screwfix sales, giving a loyalty advantage 1.
- The report shows encouraging early results from store refits, pointing to execution capability 1.
Weaknesses
Opportunities
Risks
- Market and customer behaviour riskhigh
The group combined risks related to changing customer expectations and competitor behaviour into a single market landscape risk 1. If pressure increases, sales could be affected.
- Recovery of the French markethigh
The French margin plan depends on the pace of market recovery, which has declined considerably since 2024 1. If recovery is delayed, targets could slip.
- Technology resilience riskmedium
The report added a new technology resilience risk, linked to the need for resilient systems 1. Disruption could affect online sales.
- Staff costsmedium
Wage inflation and higher employer national insurance contributions in the UK raised operating costs 1. Margin pressure could continue.
- Geopolitical uncertaintymedium
The report cites geopolitical uncertainty as affecting the Polish market 1. Effects on demand could persist.
Investment thesis
What would need to be true (bull case)
- If the European home improvement market recovers, the group could benefit from broad exposure across its divisions and a strong position in the professional segment 1.
- Growth in e-commerce and the marketplace could lift average margins if these channels keep expanding 1.
- The French restructuring plan could produce higher profitability if the market recovers 1.
What would break the thesis
What to watch
- Evolution of the French market and the pace of retail margin recovery2027
- Like-for-like results at B&Q and ScrewfixQ1 2027
- Outcome of the statutory audit tender planned for fiscal 2026/272027
- Development of the marketplace and retail media incomenext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Kingfisher runs a network of stores and digital channels dedicated to DIY, renovation and trade services across the UK, Ireland, France and Poland. The group is organised by geographic division and by banner, each with its own store format, with focus on e-commerce, click and collect and sales to construction professionals. As the annual report 1 shows, the strategy aims at growth in trade and better profitability through self-help measures.
Segments
UK and Ireland
B&Q and Screwfix together generated total sales of 6726 million pounds in fiscal 2025/26, with retail profit of 575 million pounds 1. Screwfix expanded its compact urban stores, while B&Q grew through TradePoint and online sales, according to the report 1.
Market context
The report indicates that the UK home improvement market was flat over the full year, while in France the market declined by c.3%, as consumer savings rates stayed elevated 1. In Poland the market was flat and geopolitical uncertainty slowed the sector 1. Stronger consumer spending could support a recovery in the European divisions.
Trends
- E-commerce and marketplacestailwind
Online sales grew at B&Q and Screwfix, and third-party marketplaces add revenue at higher margins 1. If this growth continues, it could support group profitability.
- Trade professional customerstailwind
Sales to professionals are growing quickly across the countries through dedicated programmes and trade credit solutions 1. This demand could offset weaker private consumption.
- Elevated consumer savingsheadwind
High household savings rates have pushed the French market lower and dampened big-ticket home improvement spending 1. If this persists, pressure on sales could continue.
- Restructuring of underperforming storesmixed
Castorama has restructured part of its estate through refits, franchising and transfers, with encouraging early results 1. The short-term sales effect remains uncertain due to disruption during the transition 1.
Competitive position
The annual report does not detail direct competitors, but it highlights pressure from changing customer behaviour and competitor actions, grouped into a single market landscape risk 1. Competition is felt especially in the professional segment and in online retail.
- General market competitors (no names in source)
The report 1 mentions competitor behaviour as a risk without naming specific companies.
- European DIY distributors
The source does not name these distributors, but they are implicit in the competitive pressure analysis 1.
- Online retail platforms
The source discusses online and marketplace competition without naming companies 1.
- Trade-focused builders merchants
The source mentions competition for construction customers without naming competitors 1.
News & filings
In the press
- Kingfisher Screws Its Profit Guidance HigherYahoo Finance — News · 22 Sept 2026 · EN
- Kingfisher H1 Earnings Call HighlightsYahoo Finance — News · 22 Sept 2026 · EN
- China-built Kingfisher oilfield completed in UgandaCGTN — World · 10 Sept 2026 · EN
Annual reports (ESEF)
- Annual report 202621 Apr 2026
- Annual report 202523 Apr 2025
Sources
- [1] Annual report, fiscal year ended 2026-01-31 (ESEF) · SEC / Kingfisher plc · 31 Jan 2026
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.