Skip to Content

Kingfisher PLC KGFHY

Rating as of

Morningstar’s Analysis

Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price


5-Star Price


Economic Moat


Capital Allocation


Kingfisher Resumes Dividend on the Back of Strong Full-Year Results but Expects DIY Growth To Slow

Matthew Donen, CFA Equity Analyst

Analyst Note

| Matthew Donen, CFA |

No-moat Kingfisher delivered a stronger-than-expected performance for its full-year results. Outperformance was led by the group’s historically weaker performing chains, such as B&Q and Castorama, which were boosted by impressive online sales growth and the shift toward do-it-yourself, or, DIY activity during the coronavirus pandemic. Kingfisher has continued to see rapid growth during the start of the new financial year, with like-for-like sales up 24% in the first seven weeks, but expects growth to slow as the year progresses due to higher comps and a shift in consumer spending as economies open up. We will incorporate these results and guidance into our model but don’t expect to make a material change to our fair value estimate, with shares currently fairly valued.

Read Full Analysis

Company Profile

Business Description

Kingfisher is a home improvement company with over 1,360 stores in nine countries across Europe. The company operates several retail banners that are focused on trade customers and general do-it-yourself needs. Kingfisher's main retail brands include B&Q, Screwfix, and TradePoint in the United Kingdom and Castorama and Brico Depot in France. The U.K. and France are Kingfisher's largest markets, accounting for 81% of sales. The company is the second- largest DIY retailer in Europe, with a leading position in the U.K. and a number-two position in France.

3 Sheldon Square, Paddington
London, W2 6PX, United Kingdom
T +44 2073728008
Sector Consumer Cyclical
Industry Home Improvement Retail
Most Recent Earnings
Fiscal Year End Jan 31, 2022
Stock Type
Employees 79,629