Kaufman et Broad SA (FR:KOF)
:KOF
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Kaufman et Broad
(KOF)
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Rating:59Neutral
Price Target:
€30.00
▲(1.69% Upside)
Action:Downgraded
Date:04/02/26
The score is driven primarily by mixed fundamentals: solid profitability and improved leverage are offset by a sharp 2025 free-cash-flow deterioration. Technicals are weak (below key moving averages with negative MACD), while valuation is attractive with a low P/E and high dividend yield.
Positive Factors
Improving operating profitability
An operating margin near 8% in 2025 and rising gross margins point to durable project-level profitability. Consistent margins support the spread between selling prices and development costs, underpinning capacity to fund construction, pay down liabilities, and generate shareholder returns over medium term.
Negative Factors
Sharp free-cash-flow deterioration
A ~95% drop in free cash flow in 2025 indicates acute working-capital or inventory absorption and that cash no longer tracks reported earnings. Persistent cash volatility increases liquidity and execution risk, may force external financing for new projects, and weakens resilience to prolonged market softness.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving operating profitability
An operating margin near 8% in 2025 and rising gross margins point to durable project-level profitability. Consistent margins support the spread between selling prices and development costs, underpinning capacity to fund construction, pay down liabilities, and generate shareholder returns over medium term.
Read all positive factors
Kaufman et Broad (KOF) vs. iShares MSCI France ETF (EWQ)
Market Cap
€480.59M
Dividend Yield7.5%
Average Volume (3M)23.53K
Price to Earnings (P/E)13.5
Beta (1Y)0.80
Revenue Growth2.08%
EPS Growth17.58%
CountryFR
Employees641
SectorGeneral
Sector StrengthN/A
IndustryResidential Construction
Share Statistics
EPS (TTM)2.75
Shares Outstanding19,862,022
10 Day Avg. Volume23,364
30 Day Avg. Volume23,529
Financial Highlights & Ratios
PEG Ratio0.60
Price to Book (P/B)2.59
Price to Sales (P/S)0.52
P/FCF Ratio134.03
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€37.00Price Target Upside25.42% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)2.79
Revenue Forecast (FY)€1.16B
Kaufman et Broad Business Overview & Revenue Model
Company Description
Kaufman & Broad S.A. operates as a property developer and builder in France. It designs, develops, builds, and sells single-family homes in communities, apartments, offices, shops, and logistics platforms and business parks. Kaufman & Broad S.A. w...
How the Company Makes Money
Kaufman & Broad makes money mainly by developing real estate projects and recognizing revenue when completed units or assets are delivered/sold to customers. The core revenue stream is residential development: the company acquires or secures land ...
Kaufman et Broad Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
71
Positive
Cash Flow
38
Negative
| Breakdown | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.14B | 1.08B | 1.41B | 1.31B | 1.28B |
| Gross Profit | 221.92M | 208.02M | 257.23M | 228.17M | 222.62M |
| EBITDA | 106.63M | 96.08M | 121.61M | 106.80M | 107.09M |
| Net Income | 54.21M | 44.97M | 60.15M | 49.01M | 43.87M |
Balance Sheet | |||||
| Total Assets | 1.59B | 1.77B | 1.71B | 1.51B | 1.47B |
| Cash, Cash Equivalents and Short-Term Investments | 322.54M | 502.87M | 349.38M | 101.00M | 189.46M |
| Total Debt | 99.06M | 158.36M | 212.45M | 214.29M | 168.59M |
| Total Liabilities | 1.35B | 1.54B | 1.48B | 1.25B | 1.20B |
| Stockholders Equity | 229.43M | 220.05M | 220.80M | 241.67M | 255.14M |
Cash Flow | |||||
| Free Cash Flow | 4.43M | 282.24M | 369.00M | 8.12M | 75.27M |
| Operating Cash Flow | 10.73M | 287.38M | 374.75M | 19.73M | 92.29M |
| Investing Cash Flow | -13.38M | -12.27M | -11.08M | -20.72M | -22.33M |
| Financing Cash Flow | -177.67M | -122.30M | -114.62M | -87.47M | -95.69M |
Kaufman et Broad Technical Analysis
Negative
29.50
Price Trends
26.37
Negative
27.37
Negative
27.18
Negative
Market Momentum
-0.54
Positive
39.14
Neutral
10.07
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:KOF, the sentiment is Negative. The current price of 29.5 is above the 20-day moving average (MA) of 25.50, above the 50-day MA of 26.37, and above the 200-day MA of 27.18, indicating a bearish trend. The MACD of -0.54 indicates Positive momentum. The RSI at 39.14 is Neutral, neither overbought nor oversold. The STOCH value of 10.07 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:KOF.
Kaufman et Broad Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | €1.12B | 8.94 | 16.29% | 2.81% | 7.33% | 5.71% | |
59 Neutral | €480.59M | 13.52 | 22.55% | 7.50% | 2.08% | 17.58% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | €845.17M | 1.30 | ― | ― | 2.67% | 64.40% | |
51 Neutral | €1.54B | -13.34 | -4.49% | 20.25% | -7.79% | 55.44% | |
46 Neutral | €464.91M | -0.86 | -19.97% | ― | -15.36% | -201.63% | |
46 Neutral | €39.08M | -1.69 | -11.70% | 4.59% | -9.21% | -119.44% |
* General Sector Average
FR:KOF
Kaufman et Broad
25.10
-5.85
-18.90%
FR:ICAD
Icade SA
20.36
-0.80
-3.79%
FR:NXI
NEXITY
8.35
-0.94
-10.12%
FR:PAR
Paref SA
25.80
-10.87
-29.65%
FR:VAC
Pierre et Vacances
1.83
0.34
23.15%
FR:VIL
Viel et Compagnie
18.76
3.96
26.77%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.