Professional
Added to YB: 2024-06-12
Pitch date: 2024-06-10
KINO.L [bullish]
Kinovo plc
+39.76%
current return
Author Info
No bio for this author
Company Info
Kinovo plc provides specialist property services to housing associations and local authorities, public buildings, industrial and commercial, and education and private sectors in the United Kingdom.
Market Cap
GBP 38.3M
Pitch Price
GBP 0.62
Price Target
1.49 (+71%)
Dividend
N/A
EV/EBITDA
5.45
P/E
7.31
EV/Sales
0.64
Sector
Commercial Services and Supplies
Category
value
Kinovo plc - $KINO.L
KINO.L: Facility services co w/ 60% rev from regulation & 40% non-discretionary. Experienced mgmt strengthening cust relationships & driving organic growth via gov renewable investments. 7x EV/FCF due to construction biz divestment costs, normalized at 5.5x EV/EBITDA & 14% FCF yield on core biz. £162M backlog, inflation-linked 3yr+ contracts. DCB Kent project poses £0-3M cash risk in FY25-26. Base case £94M, 1.49/sh. Upside: Strong fundamentals, cheap valuation, aligned mgmt.
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