Kindred Group plc
Kindred Group plc, together with its subsidiaries, operates an online gambling business in Europe, North America, and Australia. It operates through two segments, Kindred Group Excluding Relax Gaming; and Relax Gaming. The company offers sports betting, including horse racing; casino and games; and poker and other gambling products, such as bingo through various brands, such as the 32Red, Bingo.c… Read more
Kindred Group plc (KNDGF) - Net Assets
Latest net assets as of September 2024: $580.20 Million USD
Based on the latest financial reports, Kindred Group plc (KNDGF) has net assets worth $580.20 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.14 Billion) and total liabilities ($556.50 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $580.20 Million |
| % of Total Assets | 51.04% |
| Annual Growth Rate | 12.53% |
| 5-Year Change | 116.92% |
| 10-Year Change | 150.17% |
| Growth Volatility | 22.13 |
Kindred Group plc - Net Assets Trend (2005–2023)
This chart illustrates how Kindred Group plc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Kindred Group plc (2005–2023)
The table below shows the annual net assets of Kindred Group plc from 2005 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $507.60 Million | -14.69% |
| 2022-12-31 | $595.00 Million | +5.27% |
| 2021-12-31 | $565.20 Million | +37.15% |
| 2020-12-31 | $412.10 Million | +76.11% |
| 2019-12-31 | $234.00 Million | -19.86% |
| 2018-12-31 | $292.00 Million | -2.08% |
| 2017-12-31 | $298.20 Million | +22.46% |
| 2016-12-31 | $243.50 Million | +14.27% |
| 2015-12-31 | $213.10 Million | +5.03% |
| 2014-12-31 | $202.90 Million | +1.82% |
| 2013-12-31 | $199.28 Million | +11.36% |
| 2012-12-31 | $178.96 Million | +12.45% |
| 2011-12-31 | $159.15 Million | +12.24% |
| 2010-12-31 | $141.79 Million | +15.53% |
| 2009-12-31 | $122.73 Million | +21.91% |
| 2008-12-31 | $100.68 Million | +5.35% |
| 2007-12-31 | $95.57 Million | +2.85% |
| 2006-12-31 | $92.92 Million | +53.28% |
| 2005-12-31 | $60.62 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kindred Group plc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2109.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $446.80 Million | 89.04% |
| Common Stock | $100.00K | 0.02% |
| Other Comprehensive Income | $-26.60 Million | -5.30% |
| Other Components | $81.50 Million | 16.24% |
| Total Equity | $501.80 Million | 100.00% |
Kindred Group plc Competitors by Market Cap
The table below lists competitors of Kindred Group plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cargotec Oyj
HE:CGCBV
|
$2.13 Billion |
|
WOOLWORTHS HDGS GDR
F:WN30
|
$2.13 Billion |
|
SWECO AB B SK 1-
F:7W71
|
$2.13 Billion |
|
Tauron Polska Energia S.A.
WAR:TPE
|
$2.13 Billion |
|
MR. PRICE GROUP RC -025
F:M5M1
|
$2.13 Billion |
|
Traton SE
PINK:TRATF
|
$2.12 Billion |
|
The Bancorp Inc
NASDAQ:TBBK
|
$2.12 Billion |
|
NORDIC SEMICOND. ADS/1
F:N0S0
|
$2.12 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kindred Group plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 589,200,000 to 501,800,000, a change of -87,400,000 (-14.8%).
- Net income of 46,500,000 contributed positively to equity growth.
- Dividend payments of 74,000,000 reduced retained earnings.
- Share repurchases of 34,200,000 reduced equity.
- Other comprehensive income decreased equity by 9,300,001.
- Other factors decreased equity by 16,399,999.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $46.50 Million | +9.27% |
| Dividends Paid | $74.00 Million | -14.75% |
| Share Repurchases | $34.20 Million | -6.82% |
| Other Comprehensive Income | $-9.30 Million | -1.85% |
| Other Changes | $-16.40 Million | -3.27% |
| Total Change | $- | -14.83% |
Book Value vs Market Value Analysis
This analysis compares Kindred Group plc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.52x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 44.67x to 5.52x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | $0.28 | $12.71 | x |
| 2006-12-31 | $0.41 | $12.71 | x |
| 2007-12-31 | $0.42 | $12.71 | x |
| 2008-12-31 | $0.45 | $12.71 | x |
| 2009-12-31 | $0.55 | $12.71 | x |
| 2010-12-31 | $0.63 | $12.71 | x |
| 2011-12-31 | $0.71 | $12.71 | x |
| 2012-12-31 | $0.80 | $12.71 | x |
| 2013-12-31 | $0.88 | $12.71 | x |
| 2014-12-31 | $0.88 | $12.71 | x |
| 2015-12-31 | $0.92 | $12.71 | x |
| 2016-12-31 | $1.06 | $12.71 | x |
| 2017-12-31 | $1.30 | $12.71 | x |
| 2018-12-31 | $1.28 | $12.71 | x |
| 2019-12-31 | $1.02 | $12.71 | x |
| 2020-12-31 | $1.80 | $12.71 | x |
| 2021-12-31 | $2.46 | $12.71 | x |
| 2022-12-31 | $2.65 | $12.71 | x |
| 2023-12-31 | $2.30 | $12.71 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kindred Group plc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.27%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.84%
- • Asset Turnover: 1.04x
- • Equity Multiplier: 2.32x
- Recent ROE (9.27%) is below the historical average (28.11%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 22.63% | 31.53% | 0.38x | 1.87x | $7.66 Million |
| 2006 | 40.79% | 50.67% | 0.57x | 1.41x | $28.61 Million |
| 2007 | 19.56% | 22.96% | 0.38x | 2.22x | $9.14 Million |
| 2008 | 8.71% | 7.11% | 0.54x | 2.26x | $-1.30 Million |
| 2009 | 21.81% | 19.35% | 0.65x | 1.73x | $14.49 Million |
| 2010 | 22.84% | 21.96% | 0.68x | 1.54x | $18.20 Million |
| 2011 | 22.29% | 22.97% | 0.66x | 1.47x | $19.56 Million |
| 2012 | 17.65% | 16.02% | 0.70x | 1.57x | $13.69 Million |
| 2013 | 20.12% | 17.08% | 0.80x | 1.48x | $20.16 Million |
| 2014 | 46.03% | 29.94% | 1.08x | 1.42x | $73.11 Million |
| 2015 | 26.14% | 15.73% | 0.89x | 1.87x | $34.39 Million |
| 2016 | 34.46% | 15.42% | 1.21x | 1.85x | $59.55 Million |
| 2017 | 39.37% | 15.62% | 1.03x | 2.43x | $87.58 Million |
| 2018 | 45.07% | 14.50% | 1.20x | 2.59x | $102.40 Million |
| 2019 | 24.19% | 6.20% | 1.15x | 3.40x | $33.20 Million |
| 2020 | 40.09% | 14.62% | 1.14x | 2.41x | $123.99 Million |
| 2021 | 52.80% | 23.44% | 1.03x | 2.18x | $239.37 Million |
| 2022 | 20.35% | 11.22% | 0.88x | 2.07x | $60.98 Million |
| 2023 | 9.27% | 3.84% | 1.04x | 2.32x | $-3.68 Million |
Industry Comparison
This section compares Kindred Group plc's net assets metrics with peer companies in the Gambling industry.
Industry Context
- Industry: Gambling
- Average net assets among peers: $801,162,083
- Average return on equity (ROE) among peers: 8.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kindred Group plc (KNDGF) | $580.20 Million | 22.63% | 0.96x | $2.13 Billion |
| Apple iSports Group Inc (AAPI) | $-5.31 Million | 0.00% | 0.00x | $44.40 Million |
| Accel Entertainment Inc (ACEL) | $-43.01 Million | 0.00% | 0.00x | $465.17 Million |
| PlayAGS Inc (AGS) | $135.80 Million | -15.35% | 4.39x | $436.80 Million |
| AGTech Holdings Limited (AGTEF) | $2.30 Billion | 14.45% | 0.75x | $48.64 Million |
| Ainsworth Game Technology Limited (AINSF) | $320.24 Million | 1.65% | 0.33x | $27.14 Million |
| Aristocrat Leisure Limited (ARLUF) | $1.73 Billion | 31.32% | 2.37x | $20.17 Billion |
| Bragg Gaming Group Inc (BRAG) | $70.25 Million | -5.46% | 0.47x | $32.17 Million |
| Brightstar Lottery PLC (BRSL) | $1.98 Billion | 13.90% | 4.27x | $116.29K |
| Betsson AB (BTSBF) | $759.20 Million | 23.35% | 0.58x | $1.61 Billion |
| Betsson AB (publ) (BTSNY) | $759.20 Million | 23.35% | 0.58x | $1.39 Billion |