Kinepolis Group NV

KPSN.F · Communication Services · Entertainment · Valued as of 2026-11-03 · Statements 2025-12-31

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

What it is worth

EPV + Growth

583.39M USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

861.39M USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

328.54M USD

15 years of cash for shareholders and lenders, less what is owed

Average Intrinsic Value

591.11M USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

1.43B USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

0.41×

the ratio the screener ranks by

Margin of Safety

-141.8%

1 − Market Cap / Average Intrinsic Value

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

Earnings power value plus growth: 583.39M USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).
①EPV (earnings power value)1.51B USD
−②Net Debt Today922.51M USD
+③Growth Value0 USD
=Value583.39M USD

EPV of the Operations (NOPAT over WACC)

1.51B USD

Net debt today

-922.51M USD

Growth Value

0 USD

Value

583.39M USD

①EPV (earnings power value)

1.51B USD

②Net Debt Today

922.51M USD

③Growth Value

0 USD

Market value

Market Cap1.43B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-145.0%

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 861.39M USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.
①Present Value of the 15 Years of FCFE519.67M USD
+②Equity at Year 15, Today341.72M USD
=Value861.39M USD
FCFE: the net income left for the shareholders once the business keeps what next year's growth needsEquity reinvestment: the part of the year's net income kept in the business to grow the next year; below zero, capital the business releases to the shareholdersPresent value of the FCFEColoured bars show the FCFE, grey bars the equity reinvestment. With a positive equity reinvestment the two stacked are the year's normalized income; with a negative one the grey is below zero, capital the business releases, and the normalized income is the FCFE plus that negative amount. Shaded, years 6 to 10: the growth falling to its long-run rate and the ROE on new investment falling to the cost of equity. Axes linear.

①Present Value of the 15 Years of FCFE

519.67M USD

②Equity at Year 15, Today

341.72M USD

Market value

Market Cap1.43B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-66.0%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 328.54M USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).
①Present Value of the 15 Years of FCFF675.72M USD
+②Invested Capital at Year 15, Today575.32M USD
−③Net Debt Today922.51M USD
=Value328.54M USD
FCFF: the NOPAT left for the shareholders and the lenders once the business reinvests what next year's growth needsReinvestment: the part of the year's NOPAT put back into the business to grow the next year; below zero, capital the business releasesPresent value of the FCFFColoured bars show the FCFF, grey bars the reinvestment. With a positive reinvestment the two stacked are the year's NOPAT; with a negative one the grey is below zero, capital the business releases, and the NOPAT is the FCFF plus that negative amount. Shaded, years 6 to 10: the growth rising to its long-run rate and the ROIC on new investment falling to the WACC. Axes linear.

①Present Value of the 15 Years of FCFF

675.72M USD

②Invested Capital at Year 15, Today

575.32M USD

③Net Debt Today

922.51M USD

Market value

Market Cap1.43B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-335.1%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 4.75%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.46×Market Risk Premium 6.00%= 7.28%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC =Tax Provision 14.46M USDPretax Income 59.04M USD= 24.49%

The tax the interest saves.

Interest Expense =EBIT 83.04M USD−Pretax Income 59.04M USD= 24.01M USD

The interest the company paid: EBIT is the profit before tax plus the interest.

Cost of Debt =Interest Expense 24.01M USDTotal Debt 1.15B USD×(1 − Tax Rate for WACC 24.49%)= 1.58%

What the lenders are paid a year after the tax the interest saves.

Debt Weight =Total Debt 1.15B USDMarket Cap + Total Debt 1.43B USD + 1.15B USD= 44.48%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 55.52%×Cost of Equity 7.28%+Debt Weight 44.48%×Cost of Debt 1.58%= 4.75%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2026-06-30.

Total Assets 1.62B USD − Total Liabilities 1.34B USD = Book Value Today 278.52M USD

Total Debt 1.15B USD − Cash and Short-Term Investments 222.71M USD = Net Debt Today 922.51M USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 1-0.1%at most 5%passes26,748,615 / 26,777,076
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets7.3%at least -10.0%passes(163.07M USD − 44.58M USD) ÷ 1.62B USD
Price to bookMarket Cap ÷ Book Value Today5.13×at most 3×does not pass1.43B USD ÷ 278.52M USD
Operating marginOperating Income ÷ Revenue13.7%above 10.0%passes91.23M USD ÷ 664.26M USD
Revenue growthRevenue ÷ Revenue a Year Before − 110.3%above 10.0%passes664.26M USD / 602.27M USD
Net cash(Cash − Total Debt) ÷ Market Cap-64.5%above -30%does not pass(222.71M USD − 1.15B USD) ÷ 1.43B USD
Operating efficiencyOperating Income ÷ Gross Profit59.2%above 25.0%passes91.23M USD ÷ 154.21M USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

47.70 EUR

Enterprise value

1.91B EUR

the provider's own figure

EV / EBITDA

11.84×

Price / book

4.37×

the provider's book

Price / earnings

21.18×

Return on equity

25.3%

the provider's figure, not this page's

Profit margin

8.7%

Revenue growth

32.6%

Analyst target, mean

—

Analysts

—

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

USD2022202320242025
Income statement

Revenue

533.47M670.82M602.27M664.26M

Gross profit

122.12M177.68M144.59M154.21M

Operating income

67.45M117.44M86.66M91.23M

EBITDA

operating income before depreciation and amortisation

155.11M212.33M166.61M178.12M

Pretax income

40.22M83.95M57.74M59.04M

Net income

29.40M62.11M42.15M44.58M

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

25.68M62.11M43.00M45.59M

R&D

————
Balance sheet, year end

Total assets

1.25B1.29B1.19B1.32B

Total liabilities

1.08B1.08B956.80M1.05B

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

168.31M214.75M235.30M272.35M

Total debt

919.81M927.77M790.89M874.88M

Cash and equivalents

72.30M112.32M88.12M175.00M

Net PP&E

fixed assets after depreciation

870.76M865.21M801.11M819.04M

Working capital

current assets less current liabilities

-75.70M-94.68M-143.72M-203.39M
Cash flow

Operating cash flow

145.16M171.12M170.47M163.07M

Capital expenditure

paid out, so below zero

-29.62M-40.03M-44.41M-51.63M

Depreciation and amortisation

87.54M91.82M85.33M95.08M

Free cash flow

operating cash flow plus capital expenditure

115.54M131.09M126.06M111.43M