Kennedy Wilson Holdings Inc - Understand $kw stock

$KW Market Cap: $1.546 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$536.0M

TTM

Gross Margin

68.55%

TTM

Net Earnings

-$325.2M

TTM

Current Assets

Current Liabilities

Current Ratio

Total Assets

$7.444B

Q3 2024

Total Liabilities

$5.791B

Q3 2024

Book Value

$1.653B

Q3 2024

Cash

$367.1M

Q3 2024

P/E

-4.754

Nov 07, 2024 EST

Free Cash Flow

-$230.6M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$562.6M	$540.0M	$453.6M	$454.0M	$568.8M	$772.4M	$810.6M	$703.4M	$603.7M	$398.6M	$123.1M	$66.90M	$62.63M	$50.54M	$86.24M	$32.20M	$33.40M
YoY Change	4.19%	19.05%	-0.09%	-20.18%	-26.36%	-4.71%	15.24%	16.51%	51.46%	223.8%	84.01%	6.81%	23.94%	-41.4%	167.81%	-3.59%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$562.6M	$540.0M	$453.6M	$454.0M	$568.8M	$772.4M	$810.6M	$703.4M	$603.7M	$398.6M	$123.1M	$66.90M	$62.63M	$50.54M	$86.24M	$32.20M	$33.40M
Cost Of Revenue	$190.5M			$0.00	$1.200M	$52.50M	$80.20M	$22.10M	$2.600M	$20.70M	$7.900M	$2.200M	$400.0K	$11.50M	$41.90M	$0.00	$0.00
Gross Profit	$372.1M			$450.9M	$568.5M	$721.0M	$721.6M	$668.3M	$601.1M	$377.9M	$115.2M	$61.80M	$62.20M	$39.00M	$44.30M	$32.20M	$33.40M
Gross Profit Margin	66.14%			99.32%	99.95%	93.35%	89.02%	95.01%	99.57%	94.81%	93.58%	92.38%	99.31%	77.17%	51.37%	100.0%	100.0%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Selling, General & Admin	$350.5M	$353.9M	$383.3M	$331.3M	$411.0M	$507.8M	$49.40M	$53.40M	$51.10M	$47.70M	$28.20M	$24.10M	$18.50M	$14.50M	$9.762M	$31.70M	$42.70M
YoY Change	-0.96%	-7.67%	15.7%	-19.39%	-19.06%	927.94%	-7.49%	4.5%	7.13%	69.15%	17.01%	30.27%	27.59%	48.54%	-69.21%	-25.76%
% of Gross Profit	94.2%			73.48%	72.3%	70.43%	6.85%	7.99%	8.5%	12.62%	24.48%	39.0%	29.74%	37.18%	22.04%	98.45%	127.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$157.8M	$172.9M	$166.3M	$179.6M	$187.6M	$206.1M	$212.5M	$16.60M	$9.000M	$4.400M	$4.000M	$1.600M	$1.900M	$300.0K	$1.122M	$900.0K	$1.200M
YoY Change	-8.73%	3.97%	-7.41%	-4.26%	-8.98%	-3.01%	1180.12%	84.44%	104.55%	10.0%	150.0%	-15.79%	533.33%	-73.26%	24.67%	-25.0%
% of Gross Profit	42.41%			39.83%	33.0%	28.59%	29.45%	2.48%	1.5%	1.16%	3.47%	2.59%	3.05%	0.77%	2.53%	2.8%	3.59%
Operating Expenses	$508.3M	$526.8M	$549.6M	$510.9M	$598.6M	$713.9M	$558.3M	$493.7M	$406.4M	$298.6M	$131.7M	$86.60M	$63.30M	$68.32M	$9.762M	$32.60M	$43.20M
YoY Change	-3.51%	-4.15%	7.57%	-14.65%	-16.15%	27.87%	13.08%	21.48%	36.1%	126.73%	52.08%	36.81%	-7.35%	599.85%	-70.06%	-24.54%
Operating Profit	-$136.2M			-$60.00M	-$30.10M	$7.100M	$108.8M	$138.1M	$128.4M	$49.70M	$15.40M	$3.300M	$17.00M	$3.002M	-$618.0K	-$400.0K	-$9.800M
YoY Change				99.34%	-523.94%	-93.47%	-21.22%	7.55%	158.35%	222.73%	366.67%	-80.59%	466.29%	-585.76%	54.5%	-95.92%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Interest Expense	$259.2M	$220.8M	$192.4M	$201.9M	$214.2M	$238.2M	$217.7M	$191.6M	$156.7M	-$49.20M	$39.90M	$26.10M	$19.00M	$7.634M	$13.17M	$1.800M	$22.70M
YoY Change	17.39%	14.76%	-4.71%	-5.74%	-10.08%	9.42%	13.62%	22.27%	-418.5%	-223.31%	52.87%	37.37%	148.89%	-42.05%	631.89%	-92.07%
% of Operating Profit						3354.93%	200.09%	138.74%	122.04%	-98.99%	259.09%	790.91%	111.76%	254.3%
Other Income/Expense, Net	-$5.000M	$36.10M	-$5.000M	-$2.300M	-$10.60M	$13.10M	$8.300M	$6.600M	-$2.500M	$5.100M	-$1.900M	$100.0K	$300.0K	$200.0K	$100.0K	$200.0K	$500.0K
YoY Change	-113.85%	-822.0%	117.39%	-78.3%	-180.92%	57.83%	25.76%	-364.0%	-149.02%	-368.42%	-2000.0%	-66.67%	50.0%	100.0%	-50.0%	-60.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Pretax Income	-$336.7M	$138.1M	$462.6M	$151.4M	$362.5M	$270.1M	$121.7M	$90.50M	$112.4M	$122.5M	$16.80M	$6.500M	$5.100M	$10.21M	-$13.62M	$1.300M	$13.40M
YoY Change	-343.81%	-70.15%	205.55%	-58.23%	34.21%	121.94%	34.48%	-19.48%	-8.24%	629.17%	158.46%	27.45%	-50.06%	-174.99%	-1147.54%	-90.3%
Income Tax	-$55.30M	$36.20M	$126.2M	$43.60M	$41.40M	$58.00M	-$16.30M	$14.00M	$53.40M	$32.40M	$2.900M	-$200.0K	-$2.000M	$3.727M	-$3.961M	$600.0K	$4.400M
% Of Pretax Income		26.21%	27.28%	28.8%	11.42%	21.47%	-13.39%	15.47%	47.51%	26.45%	17.26%	-3.08%	-39.22%	36.5%		46.15%	32.84%
Net Earnings	-$281.4M	$101.9M	$336.4M	$107.8M	$321.1M	$212.1M	$100.5M	$5.600M	$74.70M	$21.90M	-$6.400M	$4.200M	$6.300M	$3.506M	-$15.34M	$600.0K	$9.400M
YoY Change	-376.15%	-69.71%	212.06%	-66.43%	51.39%	111.04%	1694.64%	-92.5%	241.1%	-442.19%	-252.38%	-33.33%	79.69%	-122.86%	-2656.0%	-93.62%
Net Earnings / Revenue	-50.02%	18.87%	74.16%	23.74%	56.45%	27.46%	12.4%	0.8%	12.37%	5.49%	-5.2%	6.28%	10.06%	6.94%	-17.78%	1.86%	28.14%
Basic Earnings Per Share	-$2.46	$0.47	$2.26	$0.66	$1.60	$1.04	$0.83	$0.01	$0.66	$0.14	-$0.21	-$0.07	-$0.05	-$0.03	-$0.57
Diluted Earnings Per Share	-$2.46	$0.47	$2.24	$0.66	$1.58	$1.04	$0.83	$0.01	$0.66	$0.14	-$0.21	-$0.07	$148.6K	$89.74K	-$568.8K	$24.69K	$439.3K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Cash & Short-Term Investments	$313.7M	$439.3M	$524.8M	$965.1M	$573.9M	$488.0M	$351.3M	$260.2M	$182.6M	$174.6M	$170.2M	$120.9M	$115.9M	$47.00M	$57.80M	$25.80M	$100.0K
YoY Change	-28.59%	-16.29%	-45.62%	68.17%	17.6%	38.91%	35.01%	42.5%	4.58%	2.59%	40.78%	4.31%	146.6%	-18.69%	124.03%	25700.0%
Cash & Equivalents	$313.7M	$439.3M	$524.8M	$965.1M	$573.9M	$488.0M	$351.3M	$260.2M	$182.6M	$174.6M	$170.2M	$120.9M	$115.9M	$47.00M	$57.80M	$25.80M
Short-Term Investments
Other Short-Term Assets	$13.10M	$12.70M	$13.30M	$11.80M	$14.30M	$13.70M	$13.30M	$10.20M	$10.10M	$11.20M	$7.600M	$5.300M	$4.500M	$3.300M	$4.300M	$1.700M	$0.00
YoY Change	3.15%	-4.51%	12.71%	-17.48%	4.38%	3.01%	30.39%	0.99%	-9.82%	47.37%	43.4%	17.78%	36.36%	-23.26%	152.94%
Inventory
Prepaid Expenses
Receivables	$57.30M	$40.80M	$36.10M	$47.90M	$52.10M	$56.60M	$62.70M	$71.30M	$54.70M	$55.60M	$16.60M	$26.00M	$18.70M	$9.200M	$5.200M	$5.800M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$6.800M	$2.300M
Total Short-Term Assets	$371.0M	$492.8M	$574.2M	$1.025B	$640.3M	$558.3M	$427.3M	$341.7M	$247.4M	$241.4M	$194.4M	$152.2M	$139.1M	$59.50M	$74.10M	$35.60M	$100.0K
YoY Change	-24.72%	-14.18%	-43.97%	60.05%	14.69%	30.66%	25.05%	38.12%	2.49%	24.18%	27.73%	9.42%	133.78%	-19.7%	108.15%	35500.0%
Property, Plant & Equipment	$4.837B	$5.214B	$5.087B	$4.754B	$5.118B	$5.734B	$6.488B	$5.840B	$5.825B	$4.250B	$698.5M	$292.3M	$119.0M	$85.10M	$41.20M	$49.20M
YoY Change	-7.22%	2.48%	7.01%	-7.1%	-10.75%	-11.62%	11.1%	0.24%	37.07%	508.46%	138.97%	145.63%	39.84%	106.55%	-16.26%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$2.069B	$2.238B	$1.948B	$1.289B	$1.335B	$859.9M	$493.9M	$1.193B	$998.2M	$1.262B	$798.1M	$648.8M	$456.3M	$292.1M	$187.7M	$142.2M
YoY Change	-7.55%	14.92%	51.06%	-3.39%	55.2%	74.1%	-58.6%	19.53%	-20.89%	58.1%	23.01%	42.19%	56.21%	55.62%	32.0%
Other Assets	$19.00M	$9.400M	$12.60M	$22.10M	$24.40M		$0.00	$28.40M		$27.60M							$247.3M
YoY Change	102.13%	-25.4%	-42.99%	-9.43%			-100.0%
Total Long-Term Assets	$7.341B	$7.779B	$7.302B	$6.304B	$6.664B	$6.824B	$7.298B	$7.317B	$7.348B	$6.091B	$1.604B	$1.132B	$653.7M	$428.3M	$262.2M	$221.2M	$248.1M
YoY Change	-5.63%	6.53%	15.83%	-5.4%	-2.33%	-6.5%	-0.27%	-0.42%	20.65%	279.62%	41.78%	73.11%	52.63%	63.35%	18.54%	-10.84%
Total Assets	$7.712B	$8.272B	$7.877B	$7.329B	$7.305B	$7.382B	$7.725B	$7.659B	$7.596B	$6.332B	$1.799B	$1.284B	$792.8M	$487.8M	$336.3M	$256.8M	$248.2M
YoY Change
Accounts Payable	$17.90M	$16.20M	$18.60M	$30.10M	$20.40M	$24.10M	$19.50M	$11.20M	$22.20M	$264.9M	$129.1M	$1.800M	$1.800M	$1.500M	$900.0K	$400.0K
YoY Change	10.49%	-12.9%	-38.21%	47.55%	-15.35%	23.59%	74.11%	-49.55%	-91.62%	105.19%	7072.22%	0.0%	20.0%	66.67%	125.0%
Accrued Expenses	$597.8M	$658.2M	$619.1M	$531.7M	$518.0M	$513.7M	$465.9M	$412.1M	$392.0M			$54.40M	$38.80M	$19.80M	$13.00M	$9.800M	$100.0K
YoY Change	-9.18%	6.32%	16.44%	2.64%	0.84%	10.26%	13.06%	5.13%				40.21%	95.96%	52.31%	32.65%	9700.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$615.7M	$674.4M	$637.7M	$561.8M	$538.4M	$537.8M	$485.4M	$423.3M	$414.2M	$264.9M	$129.1M	$56.20M	$40.60M	$21.30M	$13.90M	$10.20M	$500.0K
YoY Change	-8.7%	5.76%	13.51%	4.35%	0.11%	10.8%	14.67%	2.2%	56.36%	105.19%	129.72%	38.42%	90.61%	53.24%	36.27%	1940.0%
Long-Term Debt	$5.298B	$5.587B	$5.435B	$5.095B	$5.047B	$5.413B	$5.662B	$4.893B	$4.316B	$3.023B	$850.8M	$686.2M	$320.1M	$127.8M	$127.6M	$131.4M	$0.00
YoY Change	-5.17%	2.8%	6.68%	0.94%	-6.76%	-4.4%	15.72%	13.35%	42.77%	255.35%	23.99%	114.37%	150.47%	0.16%	-2.89%
Other Long-Term Liabilities																	$10.00M
YoY Change
Total Long-Term Liabilities	$5.298B	$5.587B	$5.435B	$5.095B	$5.047B	$5.413B	$5.662B	$4.893B	$4.316B	$3.023B	$850.8M	$686.2M	$320.1M	$127.8M	$127.6M	$131.4M	$10.00M
YoY Change	-5.17%	2.8%	6.68%	0.94%	-6.76%	-4.4%	15.72%	13.35%	42.77%	255.35%	23.99%	114.37%	150.47%	0.16%	-2.89%	1214.0%
Total Liabilities	$5.957B	$6.308B	$6.099B	$5.685B	$5.626B	$6.135B	$6.359B	$6.611B	$6.462B	$5.431B	$1.031B	$774.1M	$382.5M	$187.7M	$158.9M	$151.3M	$10.50M
YoY Change	-5.56%	3.43%	7.29%	1.04%	-8.3%	-3.52%	-3.81%	2.31%	18.98%	427.03%	33.12%	102.38%	103.78%	18.12%	5.02%	1340.95%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Basic Shares Outstanding	138.9M shares	136.9M shares	138.6M shares	139.7M shares	139.7M shares	142.9M shares	119.1M shares	109.1M shares	103.3M shares	89.20M shares	71.16M shares	55.29M shares	42.42M shares	38.98M shares	26.89M shares
Diluted Shares Outstanding	138.9M shares	138.6M shares	140.1M shares	140.3M shares	141.5M shares	144.8M shares	119.1M shares	109.1M shares	109.6M shares	91.56M shares	71.16M shares	55.29M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.5459 Billion

About Kennedy-Wilson Holdings Inc

Kennedy-Wilson Holdings, Inc. operates as a real estate investment company, which engages in the ownership, operation, development, and investment in real estate properties. The company is headquartered in Beverly Hills, California and currently employs 250 full-time employees. The company went IPO on 2007-11-15. The firm owns, operates, and invests in real estate both on its own and through its investment management platform. The company also has a debt platform focused on construction lending secured by multifamily and student housing properties throughout the United States. The firm focuses on multifamily and office properties, as well as industrial and debt investments in its Investment Management business in the Western United States, United Kingdom and Ireland. Its operations are defined by two business segments: its Consolidated Portfolio and Co-Investment Portfolio. Investment activities in the Consolidated Portfolio involve ownership of multifamily units, office, and retail space and one hotel. The Co-Investment Portfolio consists of the co-investments in real estate and real estate-related assets, including loans secured by real estate; fees, and performance allocations that it earns on its fee bearing capital.

Industry: Real Estate Peers: American Realty Investors Inc WeWork Inc. Brookfield Property Partners LP DigitalBridge Group Inc FRP Holdings Inc New England Realty Associates LP Seritage Growth Properties Transcontinental Realty Investors Inc