Kitwave Group (KITW) Share Price, News & Analysis

Company Overview

Kitwave Group plc engages in the wholesale business in the United Kingdom. It operates in three divisions: Ambient, Frozen & Chilled, and Foodservice. The Ambient division supplies confectionery, soft drinks, crisps and snacks, and tobacco. This division serves independent convenience stores, vending operators, national retailers, and other UK wholesalers. The Frozen & Chilled division offers ice creams, pizzas, chips, and ready meals, as well as a range of chilled products. It serves independent convenience stores, leisure outlets, and UK wholesalers. The Foodservice division provides frozen, chilled, and ambient food, as well as alcohol and soft drinks to independent traditional foodservice outlets, including bars, restaurants, and leisure outlets, as well as customers in the care home and education sectors. Kitwave Group plc was founded in 1987 and is headquartered in North Shields, the United Kingdom.

Key Stats

• Today's Range: 303.01 to 312.50
• 50-Day Range: 305.85 to 346.50
• 52-Week Range: 242.77 to 409.50
• Volume: 112,024 shs
• Average Volume: 194,861 shs
• Market Capitalization: £246.03 million
• P/E Ratio: 1,274.38
• Dividend Yield: 3.60%
• Price Target: GBX 495
• Consensus Rating: Buy

Kitwave Group Stock Analysis - MarketRank™

Kitwave Group scored higher than 29% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Kitwave Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Kitwave Group has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Kitwave Group is 1,274.38, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 113.42.

Price to Earnings Ratio vs. Sector

The P/E ratio of Kitwave Group is 1,274.38, which means that it is trading at a more expensive P/E ratio than the Consumer Defensive sector average P/E ratio of about 211.67.

Price to Book Value per Share Ratio

Kitwave Group has a P/B Ratio of 2.53. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for KITW.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Kitwave Group pays a meaningful dividend of 3.42%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Kitwave Group does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Kitwave Group is 4,583.33%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for KITW.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: 0.00

News Coverage This Week

MarketBeat has tracked 2 news articles for Kitwave Group this week, compared to 0 articles on an average week.

MarketBeat Follows

1 people have added Kitwave Group to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Kitwave Group insiders have not sold or bought any company stock.

Percentage Held by Insiders

14.99% of the stock of Kitwave Group is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

53.42% of the stock of Kitwave Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

KITW Stock Analysis - Frequently Asked Questions

How have KITW shares performed this year?

Kitwave Group's stock was trading at GBX 255 at the beginning of the year. Since then, KITW stock has increased by 19.9% and is now trading at GBX 305.85.
View the best growth stocks for 2024 here.

How do I buy shares of Kitwave Group?

Shares of KITW stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.
Compare Top Brokerages Here.

What other stocks do shareholders of Kitwave Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Kitwave Group investors own include Bolt Biotherapeutics (BOLT), AFC Energy (AFC), Severfield (SFR), Rolls-Royce Holdings plc (RR), Nichols (NICL), Mind Medicine (MindMed) (MNMD) and Fevertree Drinks (FEVR).

Industry, Sector and Symbol

• Stock Exchange: LON
• Sector: Consumer Defensive
• Industry: Food Distribution
• Sub-Industry: N/A
• Current Symbol: LON:KITW
• CUSIP: N/A
• CIK: N/A
• Web: www.kitwave.co.uk
• Phone: 44 19 1259 2277
• Fax: N/A
• Employees: 600
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: GBX 495
• High Stock Price Target: GBX 495
• Low Stock Price Target: GBX 495
• Potential Upside/Downside: +61.8%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): GBX 0.24
• Trailing P/E Ratio: 1,274.38
• Forward P/E Ratio: 9.24
• P/E Growth: N/A
• Net Income: £17.68 million
• Net Margins: 2.83%
• Pretax Margin: N/A
• Return on Equity: 22.24%
• Return on Assets: 7.23%

Debt

• Debt-to-Equity Ratio: 103.83
• Current Ratio: 1.02
• Quick Ratio: 0.65

Sales & Book Value

• Annual Sales: £624.23 million
• Price / Sales: 0.39
• Cash Flow: GBX 13.81 per share
• Price / Cash Flow: 22.15
• Book Value: GBX 121 per share
• Price / Book: 2.53

Miscellaneous

• Outstanding Shares: 80,440,000
• Free Float: N/A
• Market Cap: £246.03 million
• Optionable: Not Optionable
• Beta: 0.78