{"id":6035,"date":"2025-08-18T00:35:13","date_gmt":"2025-08-18T00:35:13","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/6035\/"},"modified":"2025-08-18T00:35:13","modified_gmt":"2025-08-18T00:35:13","slug":"kingspan-trades-profit-for-position-in-us-roofing-race-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/6035\/","title":{"rendered":"Kingspan trades profit for position in US roofing race \u2013 The Irish Times"},"content":{"rendered":"<p class=\"c-paragraph paywall \"><a href=\"https:\/\/www.irishtimes.com\/tags\/kingspan\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/kingspan\">Kingspan<\/a>, the Cavan-based insulation and building materials giant, is taking the long view on the US roofing market, sacrificing margin today for market share tomorrow.<\/p>\n<p class=\"c-paragraph paywall \">So says Bank of America (BofA) analyst Allison Sun, following a meeting with Kingspan chief financial officer Geoff Doherty, which outlined the company\u2019s aim to grow its share of the US market.<\/p>\n<p class=\"c-paragraph paywall \">Kingspan is deliberately keeping US roofing profit margins lower than rivals, targeting 15 per cent rather than the high 20s. At that level it can still deliver a strong return on capital, while pricing aggressively enough to tempt customers away from competitors. <\/p>\n<p class=\"c-paragraph paywall \">A key lure is a single system warranty covering both wall and roof, pitched as a lower-cost, lower-hassle option for distributors and builders. The strategy means near-term profitability takes a back seat to long-term penetration in a fragmented, margin-rich market. <\/p>\n<p class=\"c-paragraph paywall \">If industry margins hold up, there\u2019s upside. If not, Kingspan will at least have bought market share. BofA has a \u20ac97 price target for Kingspan, which currently trades at about \u20ac70. <\/p>\n<p class=\"c-paragraph paywall \">That \u20ac97 target rests on a price-earnings ratio of about 26, justified as consistent with the average over the past five years. However, Kingspan trades on 17.4 times 2025 estimates, far below that lofty mark.<\/p>\n<p class=\"c-paragraph paywall \">Clearly, BofA likes the sound of Kingspan\u2019s US push, but the climb from today\u2019s valuation to its target leaves little margin for missteps.<\/p>\n","protected":false},"excerpt":{"rendered":"Kingspan, the Cavan-based insulation and building materials giant, is taking the long view on the US roofing market,&hellip;\n","protected":false},"author":2,"featured_media":6036,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[79,18,19,17,183,384],"class_list":{"0":"post-6035","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-eire","10":"tag-ie","11":"tag-ireland","12":"tag-kingspan","13":"tag-united-states"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/6035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=6035"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/6035\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/6036"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=6035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=6035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=6035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}