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Kinepolis Group N.V.

KIN.BR
55
Entertainment · Communication Services
Price
€44.80
+0.45 (+1.01%)
Market Cap
€1.20B
Exchange
Euronext Brussels
Winston Score
55
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Mixed
Growth
Good
Cash Flow
Exceptional
Stability
Mixed
Valuation
Good
Dividends
Weak

Winston Score History

The full picture

Kinepolis Group is a Belgian company that owns and operates movie theaters across Europe and North America. It runs large, modern cinema complexes where people pay to watch films on the big screen, and it also earns money from selling food, drinks, and advertising inside its theaters. Kinepolis is one of the largest cinema chains in Europe, with a strong presence in Belgium, France, Spain, the Netherlands, and Canada.

The company makes money through ticket sales, concessions like popcorn and soda, and on-screen advertising sold to brands. Most of its revenue comes from its European markets, where it holds leading positions in several countries. Kinepolis has a competitive edge through its large, well-located multiplexes and a reputation for comfort and quality, which helps it attract repeat visitors. The biggest risk the business faces is the ongoing shift in how people watch movies, as streaming services continue to compete for audiences who might otherwise go to a theater.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+32.6% YoY

YoY Growth Rate

Strong revenue growth

EPS Growth

+261.5% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

€0/ year

0.0% of revenue

Below sector average (12%)

Research and development spending

Insider Activity

48.9%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

€220M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Strong grower

Kinepolis Group N.V. is growing revenue at 33% year-over-year. The Winston Score penalises unprofitable companies, but revenue at this pace tells a different story — this is a company still in "build mode."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

0.8% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 26.9M (2021) → 26.7M (2025)

Score breakdown

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Quality

Profit per sale
Gross Margin
25.0%
Thin — 25.0% gross margin
Profit after running costs
Operating Margin
15.6%
Healthy — 15.6% operating margin
Return on the money invested
ROCE
12.9%
Good — 12.9% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+9.4%
Steady sales growth (+9.4% YoY)
Profit growth
EPS YoY
+18.6%
Earnings growing fast (+18.6% YoY)

Healthy double-digit earnings growth — what compounders look like.

How steady the profit is
EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash
Cash Conversion
316%
Turns 316% of profit into real cash
Spare cash per sale
FCF Margin
20.6%
Converts sales into free cash efficiently (20.6%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

What it owes vs what it owns
Debt / Equity
2.39
Heavy debt load (2.39)
Covers its interest
Interest Cover
2.73x
Tight — interest eats into profit (2.7x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

Price vs profit
P/E Ratio (TTM)
21.3x
Growth-priced — P/E 21.3

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year
P/E vs Forward
+3.5
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (21.3 → 17.8)

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Dividends

Dividend
Dividend Yield
1.52%
Small dividend — 1.52% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
-45.4%
Dividend cut (-45.4% YoY) — warning sign

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