SADIF Analytics Assigns Positive Long-Term Outlook Rating to Kingfisher plc
Released on: October 21, 2008, 8:44 am
Press Release Author: SADIF-Investment Analytics SA
Industry: Financial
Press Release Summary: SADIF-Investment Analytics SA has applied its StockMarks(tm) stock-rating system to Kingfisher plc and produced a research report, rating the company's attractiveness to long-term investors.
Press Release Body: Mira, Portugal - October 21, 2008 - SADIF Investment Analytics SA, today announced the release of a new equity research report covering Kingfisher plc (KGF). The report utilizes SADIF's powerful StockMarks(tm) stock rating system and is required reading for any current or potential Kingfisher plc investor.
Report Summary: UK-based DIY home-improvement retailer Kingfisher plc's share price has been hit hard by the bursting of the real-estate bubble and the credit crunch. However, in the 26 weeks to August 2nd, the firm announced that on a constant currency basis, retail profit rose 8.6% when compared to the same period a year earlier. Profit increased greater than the rise in consolidated revenues (2.5%) due to increased efficiency. However, like-for-like revenue was down 2.6% over the same period. Growth was primarily driven by international operations, with revenues in the UK showing a small decline. During the six months, the company also added 59 stores to its network. It is clear from the rapid expansion that Kingfisher management does not expect slowed revenue growth to continue. Nevertheless, over the past year, the company's share price has fallen almost 37%, slightly more than the FTSE100. Given the rising earnings at the company in the face of the current crisis, is the sell-off in it's shares overdone? We can assess whether Kingfisher's share price has split with the company's underlying long-term fundamentals through the use of the StockMarks framework. Kingfisher currently has an overall long-term investment-attractiveness rating (Total StockMark or SMT) of 62, placing the company above the average of the UK market. This rating ranks Kingfisher eighth when compared to ten of its closest UK-listed peers, selected on the basis of both similarity of business and market positioning factors such as size.
The complete report breaks down the Total StockMark into its three components - Business, Management and Price, performing a thorough analysis of Kingfisher plc for long-term investors.
A summary of the StockMarks(tm) ratings for Kingfisher plc is available here: http://sadifanalytics.com/stockmarks/company.php?ticker=KGF&cod_country=110
The report has been distributed to Reuters, and forwarded to Yahoo Finance and FT.com. It is available under 'Analyst Reports' from these websites or directly from SADIF-Investment Analytics SA at http://sadifanalytics.com/stockmarks/article/hist_article.php?cod_article=161&cod_country=110
About SADIF-Investment Analytics SA SADIF-Investment Analytics SA is an independent investment research company covering sixteen different markets and over 12,000 companies. Our StockMarks(tm) system is based on proven investment principles and is designed to drive long-term shareholder returns.
Web Site: http://www.sadifanalytics.com
Contact Details: Company: SADIF-Investment Analytics SA Address: AIBAP, Rua do Matadouro, 3070-436 Mira, Portugal Phone Number: (+351) 231849038 Website: www.sadifanalytics.com