Kier Group - Re: KIE Stream Log - Bottom line is a business...

Bottom line is a business with over £4bn in turnover, the largest regional construction firm in the UK. Earnings will probably be well over £100m and will likely deserve a p/e of at least 6 in the short term (about 5 times the current share price) and perhaps 10+ in the medium term. And in case you're wondering again about how that could be likely, let me remind you that Kier is winning a massive amount of work compared to its rivals. Kier signed a new construction contract on every single working day of 2019, on average, according to market data gathered by the Builders Conference. During 2019 Kier signed up as contractor on 256 different construction projects; during 253 working days in 2019. The total value of the work won by Kier in 2019 was just over £3bn or £3,012.5m to be precise, according to the Builders Conference. By contrast, Balfour Beatty won less than £2bn of new construction business in 2019; it signed 55 contracts with a total value of £1,976.4m, according to the Builders Conference categorisation system, although it won a further £500m-worth of work in a £1bn joint venture with Vinci for HS2. Morgan Sindall signed 182 contracts with a total value of £1,961.8m. Info comes from this article in the construction index: [link]