Download PDF

1. Company Snapshot

1.a. Company Description

Kinepolis Group NV operates cinema complexes in Belgium, the Netherlands, France, Spain, Luxembourg, Switzerland, Poland, Canada, and the United States.The company sells cinema tickets, as well as events and vouchers to companies and publicity campaigns in the cinema; and beverages and snacks in the cinemas, as well as offers the self-service shop and other in-theatre sales concepts.It is also involved in international and domestic movie distribution, event organization, screen advertising, and property ownership and leasing activities; and the provision of technological services to third parties.


The company has a portfolio of 108 cinema complexes, including 49 own complexes comprising 1,097 screens and approximately 200,000 seats.Kinepolis Group NV was incorporated in 1976 and is based in Brussels, Belgium.

Show Full description

1.b. Last Insights on KIN

Kinepolis Group NV's recent performance was negatively impacted by the challenging European market conditions, with the pan-European STOXX Europe 600 Index declining by about 1.4% amid fresh U.S. trade tariffs and mixed economic signals. The company's annual report 2024, published on April 11, highlights the Group's strategic, financial, operational, and ESG performance for the year 2024, but does not provide any positive catalysts for the stock.

1.c. Company Highlights

2. Transcript Summary

Unfortunately this company is not part of our coverage yet. But as part of your subscription plan you can request it by clicking just below and we'll process.

Request Coverage

3. NewsRoom

Card image cap

Paul Glantz says he faced 'no pressure' to sell off Emagine to Europeans

Nov -08

Source:

Card image cap

European Stocks Trading Below Estimated Intrinsic Values

Nov -05

Source:

Card image cap

Kinepolis signs agreement to acquire the operations of US movie theatre chain Emagine Entertainment

Nov -04

Source:

Card image cap

Strong second quarter for Kinepolis cinemas thanks to international blockbusters

Aug -21

Source:

Card image cap

3 European Stocks Estimated To Be Up To 27.7% Below Their Intrinsic Value

Aug -15

Source:

Card image cap

Publication of a transparency notification

Aug -07

Source:

Card image cap

European Stocks Priced Below Estimated Value In June 2025

Jun -26

Source:

Card image cap

High Growth Tech Stocks In Europe To Watch

Jun -18

Source:

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.36%)

6. Segments

Box Office

Expected Growth: 4.5%

Kinepolis Group NV's 4.5% Box Office growth is driven by increasing demand for premium formats like 3D and IMAX, strategic expansion into new markets, and a strong film slate. Additionally, investments in customer experience, loyalty programs, and targeted marketing campaigns contribute to the growth. Furthermore, the company's focus on dynamic pricing and yield management also optimize revenue.

In-theatre Sales

Expected Growth: 4.2%

Kinepolis Group NV's 4.2% in-theatre sales growth is driven by increasing average ticket prices, higher concession sales, and a rise in attendance. Strategic acquisitions, enhanced customer experience, and a strong film slate also contribute to this growth. Additionally, the company's focus on premium formats, such as 3D and IMAX, and its loyalty program further boost sales.

Business-to-business

Expected Growth: 3.8%

Kinepolis Group NV's 3.8% business-to-business growth is driven by increasing demand for premium cinema experiences, strategic partnerships with film distributors, and expansion into new markets. Additionally, investments in digital technology and innovative marketing strategies have enhanced customer engagement, contributing to the segment's growth.

Real Estate

Expected Growth: 4.8%

Kinepolis Group NV's Real Estate segment growth of 4.8% is driven by increasing demand for cinema complexes, strategic location expansion, and renovation of existing properties. Additionally, the company's focus on premium formats, such as IMAX and 3D, and its ability to negotiate favorable lease agreements contribute to its growth momentum.

Brightfish

Expected Growth: 5.2%

Brightfish's 5.2% growth is driven by increasing demand for premium cinema experiences, strategic expansion into new markets, and innovative offerings such as recliner seating and enhanced food and beverage options. Additionally, effective marketing campaigns and loyalty programs have contributed to increased customer retention and frequency.

Film Distribution

Expected Growth: 4.9%

Kinepolis Group NV's 4.9% growth in Film Distribution is driven by increasing demand for premium formats like 3D and IMAX, strategic partnerships with major studios, and expansion into new markets. Additionally, investments in digital cinema technology and a strong film slate have contributed to the segment's growth.

Technical Department

Expected Growth: 4.1%

The Technical Department of Kinepolis Group NV achieves 4.1% growth driven by increasing demand for premium formats like 3D and IMAX, strategic investments in digital projection technology, and efficient cost management. Additionally, the department benefits from the rising popularity of cinematic experiences and the company's expanding global footprint.

7. Detailed Products

Cinema Tickets

Kinepolis Group NV offers cinema tickets for various movies and formats, including 2D, 3D, and IMAX.

Food and Beverages

Kinepolis Group NV provides a range of food and beverages, including snacks, meals, and drinks, at its cinemas.

Premium Formats

Kinepolis Group NV offers premium formats such as 3D, IMAX, and Dolby Cinema, providing an enhanced cinematic experience.

Events and Screenings

Kinepolis Group NV hosts various events and screenings, including live opera and sports broadcasts, and exclusive movie premieres.

Advertising and Sponsorship

Kinepolis Group NV offers advertising and sponsorship opportunities on its screens and in its cinemas.

Cinema Rentals

Kinepolis Group NV offers cinema rentals for private events, such as birthday parties and corporate events.

8. Kinepolis Group NV's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Kinepolis Group NV is moderate, as there are alternative forms of entertainment, such as streaming services and video games, that could potentially substitute for cinema visits.

Bargaining Power Of Customers

The bargaining power of customers is relatively low, as individual customers have limited negotiating power and are not a significant threat to Kinepolis Group NV's business.

Bargaining Power Of Suppliers

The bargaining power of suppliers is moderate, as Kinepolis Group NV relies on a few major film studios for a significant portion of its content, giving them some negotiating power.

Threat Of New Entrants

The threat of new entrants is relatively low, as entering the cinema industry requires significant investment in infrastructure and technology, and Kinepolis Group NV has established a strong brand and market presence.

Intensity Of Rivalry

The intensity of rivalry is high, as Kinepolis Group NV operates in a competitive market with several other cinema chains, and must constantly innovate and improve its offerings to maintain market share.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 72.62%
Debt Cost 5.32%
Equity Weight 27.38%
Equity Cost 11.04%
WACC 6.89%
Leverage 265.28%

11. Quality Control: Kinepolis Group NV passed 5 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Borussia Dortmund

A-Score: 5.3/10

Value: 7.0

Growth: 6.6

Quality: 5.6

Yield: 1.2

Momentum: 5.0

Volatility: 6.7

1-Year Total Return ->

View Full Report
Stock-Card
Cyfrowy Polsat

A-Score: 5.3/10

Value: 8.4

Growth: 4.9

Quality: 3.4

Yield: 2.5

Momentum: 7.5

Volatility: 5.3

1-Year Total Return ->

View Full Report
Stock-Card
Kinepolis

A-Score: 4.4/10

Value: 5.3

Growth: 6.0

Quality: 4.5

Yield: 1.2

Momentum: 2.0

Volatility: 7.3

1-Year Total Return ->

View Full Report
Stock-Card
Deezer

A-Score: 4.2/10

Value: 8.5

Growth: 5.8

Quality: 2.9

Yield: 0.0

Momentum: 5.5

Volatility: 2.3

1-Year Total Return ->

View Full Report
Stock-Card
AFC Ajax

A-Score: 4.0/10

Value: 7.2

Growth: 2.2

Quality: 2.1

Yield: 0.0

Momentum: 2.5

Volatility: 10.0

1-Year Total Return ->

View Full Report
Stock-Card
Gaumont

A-Score: 3.3/10

Value: 7.2

Growth: 1.8

Quality: 3.5

Yield: 0.0

Momentum: 1.5

Volatility: 6.0

1-Year Total Return ->

View Full Report

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

30.55$

Current Price

30.55$

Potential

-0.00%

Expected Cash-Flows